Op-ed by Lisa Noeth | Photo: Alamy
The echo chamber of “Build Back Better” haunts Americans who are being financially crushed by failed Biden economic policies. The truth is Democrats don’t care about the average American’s daily struggle to live with the alarming rates of inflation.
Press conference after press conference, White House Press Secretary Karine Jean-Pierre refuses to acknowledge the harsh reality of inflation.
Americans are not doing better under President Biden for the last three years. Take a good look at your bank account and 401k. Are you feeling the pinch of your purchases? Most Americans can agree that going out shopping has become increasingly frustrating due to the inflated prices of everything. Biden claimed in one of his most recent interviews when confronted about grocery prices up 30 percent since the COVID-19 pandemic: “Americans have the money to spend.”
The cold hard truth is Biden is out of touch. Americans are all feeling the financial struggle in their wallets due to the Biden administration cutting out energy independence by closing oil refineries. The impact of diesel prices at an average of $4.50 a gallon has increased the transportation of goods in the last three years, which trickles down to the cost for consumers at grocery stores and dining in at restaurants.
The new normal of fast food and dine-in restaurants as a luxury
Consumer confidence is declining ahead of the presidential election. Americans are pinching every last dollar with the cost of living increasing for everything, especially ordering fast food and dining out.
Here’s a simple rundown of how bad the economy has gotten by looking at the costs of out-of-control fast-food prices. Fast food used to cater to families as a cheap and convenient option. However, ordering fast food is now considered a “luxury” with 62 percent of Americans cut back from ordering burgers, fries, and a drink at fast food chains according to Lending Tree’s new survey.
Meanwhile, sit-down dine-in restaurants are becoming unaffordable with families tightening their budgets. The socioeconomic ripple effects of the high cost of soaring food prices are now causing restaurant chains file to close their doors, including Red Lobster. Even ordering food on delivery apps is becoming more expensive with high delivery fees due to the high markups for restaurants to profit from listing menu items for delivery on Uber Eats or DoorDash.
Overall, many Americans are realizing it’s more cost-effective to cook meals at home instead of going out to eat.
Inflation affects the pockets of Americans everywhere
Walk into a grocery store and look around at the prices of eggs, meat, and milk. The average everyday American continues to face economic hardships from paying rent, car payments, insurance, utility bills, childcare, medications, and healthcare. The skyrocketing list goes on and on, while Americans must cut costs by budgeting to afford basic needs and to pay their bills on time. The stock market continues to take a nosedive.
Many Americans are struggling to save money as excess savings dwindles while living paycheck to paycheck. There are also rising unemployment rates as major companies cut costs by laying off their workforce. Millennials and Gen Z can no longer qualify for a mortgage because the cost of buying a home is double on top of student loan debt. The new normal cost of new car payments is an average of $700 a month.
The delusions of the Democrats trying to convince Americans inflation has gone down 60 percent, while job creation remains strong under the Biden administration needs to stop.
The American Dream is becoming a distant memory the longer Joe Biden remains in office.
Circling back to President Trump’s economy under his first term
Let’s look back at the booming economy as President Trump’s achievements during his first term with his implementation of economic policies. There are several key factors to consider when comparing President Trump’s economic policies during his first term over President Biden.
President Trump delivered his promises of tax relief through the Tax Cuts and Jobs Act (TCJA) by lowering taxes and increasing the take-home pay of hard-working Americans. President Trump implemented huge tax breaks for all Americans as 6 million Americans experienced wage increases, bonuses, and increased benefits under his first term.
President Trump secured record low unemployment in 50 years at 3.5 percent before the COVID-19 pandemic. He built a thriving economy; he brought manufacturing and energy jobs into the United States. Every American prospered under his booming economy with the stock market and 401k’s performing well.
President Trump will bring back the same success for all Americans because the bottom line is we all thrived under his economic policies. He delivered on his promise to Americans, unlike the struggles we are facing now under Biden with the high inflation rates.
Undecided voters and lifelong Democrats, it’s time to vote with your wallet this November for President Trump. Americans are now hitting their breaking point down to the last dollar, there cannot be another four years of Biden’s failed economic policies. On November 5, 2024, voters will bring back the Trump economy together knowing that his first administration’s economic policies brought growth and opportunity for every American.