As our friend Robert Romano pointed out in a recent column for Americans for Limited Government, overall consumer prices since President Joe Biden and Vice President Kamala
Harris took office have increased more than 19 percent since the beginning of 2021 according to the latest data from the Bureau of Labor Statistics, and inflation has averaged more than 5.6 percent a year under Biden-Harris.
What’s more, the rising prices show no sign of stopping or even slowing. Prices are STILL rising, with overall prices up 20.5%, electricity up 31.3%, rent up 22.9%, and groceries up 22.1% since Kamala took office.
And it gets worse, as this chart recently released by the Trump campaign demonstrates.
Under Kamala, real average weekly earnings are down 3.4%. Under President Trump, real average weekly earnings increased 8.2%.
Under Kamala, gas prices have averaged $3.49/gallon. Under President Trump, gas prices averaged $2.48/gallon.
In Kamala's first three years, Americans saw a 1.3% increase ($1,050) in median household income. In President Trump's first three years, Americans saw a 10.5% boost ($7,690) in median household income — seven times larger.
In Kamala's first three years, the personal savings rate fell from 19.3% in 2021 to 2.9% in 2024 — an 85% decrease. In President Trump's first three years, the personal savings rate rose from 5.3% in 2017 to 19.3% in 2021 — a 264% increase.
Under Kamala, the average 30-year fixed mortgage rate increased by 120% between 2021 and 2024. Under President Trump, the average 30-year fixed mortgage rate decreased by 32% between 2017 and 2021.
Under Kamala, credit card delinquency skyrocketed by 54% between 2020 and 2024. Under President Trump, credit card delinquency fell by 11% between 2016 and 2020.
Vice President Kamala Harris recently told ABC News’ “The View” that she would not change anything from President Biden’s term of office, “There is not a thing that comes to mind in terms of — and I’ve been a part of — of the decisions that have had impact,” said Harris.
Kamala's inflationary policies sent prices soaring in the first place — and she'd double down if she's elected in November with the largest tax hike in history, a Soviet-style price control scheme, and a housing plan that will only drive home prices higher.
Which may be why Kamala Harris has pretty much stopped talking about the economy, jobs, and anything else where objective metrics can be applied to her performance in office. Given Harris’s commitment to “more of the same” Biden economic policies, the only way back to economic prosperity and opportunity for all Americans is by re-electing President Donald J. Trump in November.
2024 Election
Consumer Prices
Inflation rate
Biden Harris administration
gas prices
grocery prices
rent prices
Wages
personal savings rate
mortgage rates
credit card delinquency
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