July 13, 2023

RNC: Bidenomics Means Paying More, Getting Less

Prices have risen by 16.6% since Biden took office — with Americans still reeling from the lasting effects of inflation.

By the Republican National Committee


  • Hardworking Americans are struggling to stay afloat financially as Bidenomics continues to drain the wallets of families and businesses across the country.
  • Prices have risen by 16.6 percent since Biden took office – with Americans still reeling from the lasting effects of inflation.
    • On a year-over-year basis, inflation under Biden has averaged 6.2 percent – more than double the level of inflation seen under any of the last four presidents.
    • June’s Consumer Price Index is more than twice the rate when Biden took office.
  • With persistent inflation having eaten away at wage gains, more and more Americans are struggling financially.
    • Bidenflation outpaced wages for a majority of Biden’s presidency – real average hourly earnings were negative for 25 months and real average weekly earnings were negative for 26 months.
  • Real wages remain lower than when Biden first took office.
    • Inflation-adjusted average hourly wages - the Bureau of Labor Statistics adjusts to 1982-1984 dollars - were $11.39 when Biden took office and are now $11.05, meaning Americans have seen a 3 percent pay cut under Biden.


  • Americans are suffering from the lasting effects of Biden’s record-breaking inflation, with many unable to pay bills, save for retirement, or afford rent.
    • 57 percent of workers report living paycheck-to-paycheck. 
    • About half of Americans have less than three months of expenses saved, and 57 percent are uncomfortable with their level of emergency savings.
  • Bidenomics has cost the middle class $2.4 trillion since March 2022.
  • Low-income Americans are being hit the hardest by inflation according to recent studies by the New York FedDallas Fed, and the Urban Institute.
  • Americans are increasingly borrowing to cover daily expenses, as they are finding their regular income is no longer enough to make ends meet.
    • Nearly 25 million Americans are behindon their credit cards, auto loans, or personal loans – a number not seen since 2009.
    • Credit card balances are now at an all-time high
  • U.S. average gas prices currently sit at $3.54 per gallon, which is more than $1.00 higher than when Biden became president.
    • U.S. average gas prices have been above $3 per gallon for more than 790 days straight.
    • Household spending on transportation, which includes gas, is up 16.5 percent in just the past year.
  • With new vehicle prices near an all-time high and interest rates jumping dramatically, this is now the “least affordable car market in modern history.”


  • American families are seeing higher prices for virtually everything, and they know exactly who to blame: Biden and Democrats.
  • Just 34 percent of Americans approve of Biden’s handling of the economy according to an AP-NORC
  • 70 percent of Americans believe the country is on the wrong track and 59 percent disapprove of Biden’s handling of inflation according to an Economist/YouGov poll.
  • 76 percentof Americans say the economic situation is negative according to the latest Fox News survey.
  • Roughly half of Americans say their financial situation is worseningwhile only 36 percent of Americans approve of Biden’s handling of inflation according to a recent Harvard/Harris poll.



Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!

The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)


“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.