According to CBS News:
“The typical American household must spend an additional $11,434 annually just to maintain the same standard of living they enjoyed in January of 2021, right before inflation soared to 40-year highs, according to a recent analysis of government data.”
MAKE NO MISTAKE: This spike is the direct result of Joe Biden’s reckless government spending and Bidenomics. House Republicans are committed to reining in Biden’s reckless government spending and restoring fiscal responsibility to Washington.
BIDENOMICS BY THE NUMBERS:
- Inflation is a tax on ALL Americans.
- Bidenomics is costing Americans an additional $11,434 a year, according to a recent analysis of government data.
- Americans are paying more for just about everything because of inflation.
- Frozen noncarbonated juices and drinks are UP 22.1%
- Motor vehicle insurance is UP 19.2%
- Frozen vegetables are UP 10.7%
- Uncooked beef steaks are UP 10.6%
- Transportation services are UP 9.2%
- Sugar and sugar substitutes are UP 8.8%
- Baby food and formula are UP 8.3%
- Frozen fruits and vegetables are UP 8.0%
- Sauces and gravies are UP 7.5%
- Rent of primary residence is UP 7.2%
- Uncooked turkey is UP 7.2%
- White bread is UP 7.1%
- Shelter is UP 6.7%
- Crackers are UP 6.0%
- Rolls are UP 5.7%
- Food away from home is UP 5.4%
- Flour is UP 3.2%
- Frozen pies are UP 2.7%
- When Joe Biden took office, inflation was at just 1.4%.
- Prices have risen by 17.1% since Biden took office.
- According to a recent WSJ/NORC poll only 36% of voters said the American dream still holds true, substantially fewer than the 53% who said so in 2012 and 48% in 2016.
- In October, total nonfarm payroll employment increased by 150,000, falling well short of the 189,000 economists expected.
- The unemployment rate increased to 3.9%
- 6.5 million Americans remain unemployed.
- Manufacturing LOST 35,000 jobs.
- Transportation and warehousing LOST 12,000 jobs.
- Information employment LOST 9,000 jobs.
- Motion picture and sound recording LOST 5,000 jobs.