This week, Joe Biden and House Democrats’ out-of-control spending and war on American energy caused inflation to increase and gas prices to hit a new historic high. Instead of addressing these crises, Joe Biden and House Democrats are doubling down on their radical Far-Left agenda and passing the buck for its disastrous results. BIDEN’S ECONOMIC CRISIS BY THE NUMBERS:
- Inflation is a tax on ALL Americans.
- Inflation has increased every month of Joe Biden’s presidency.
- As of Wednesday, the CPI increased 8.3% over the past 12 months, and it has been the biggest single-year growth level since 1984.
- Americans are paying more for just about everything because of inflation:
- Gas is UP 43.6%
- Airline fares are UP 33.3%
- Used vehicles are UP 22.7%
- Hotels and motels are UP 22.6%
- Eggs are UP 22.6%
- Public transportation is UP 21.8%
- Lodging away from home is UP 19.7%
- Bacon is UP 17.7%
- Chicken is UP 16.4%
- Roasted coffee is UP 14.7%
- Uncooked beef and veal are UP 14.3%
- Pork is UP 13.7%
- New cars are UP 13.2%
- Baby food is UP 13.0%
- Inflation will now cost the average American household over $5,000this year.
- Real wages have decreased under Biden 10 out of the 14 months since his first full month in office.
- Real average hourly earnings decreased 2.6%, seasonally adjusted, from April 2021 to April 2022.
- The national average for a gallon of gas is $4.41 on Thursday.
- This week, U.S. natural gas prices rose to the highest point in 13 years
- Crude oil is currently at $105.73.
- Gas prices under Biden’s failed leadership have been historic.
- Crude oil has remained above $90 a barrel, a 2014 record, for OVER three straight months.
- Skyrocketing gas prices will now cost the average American household an extra $2,000 per year.
- Americans are smart. They know this is Biden’s Price Hike – no one else’s.