As Democrats continue their partisan made-for-TV hearings, Americans are struggling to pay the staggering price of inflation and historic gas prices. According to a new Moody’s Analytics analysis, American households are now paying an extra $460 a month on Biden’s inflation tax.
In addition, gas prices are maintaining their new record high of $5.01 a gallon, forcing Americans to pay on average an extra $160 per month just to fill up their tanks. In Joe Biden’s America, 64% of Americans are now making less trips to the grocery store to lessen the pain at the pump, according to a new poll.
BIDEN’S ECONOMIC CRISIS BY THE NUMBERS:
Inflation is a tax on ALL Americans.
In May, the CPI increased 8.6%for the 12 months ending May, the largest 12-month increase since the period ending December 1981.
Wages are not keeping up with inflation, and have actually DECREASED, while prices for goods have risen.
Real wages are down nearly 4% from the beginning of the Biden Administration.
A new report shows Americans will spend $5,000 this year on gas, a 78% increase from the $2,800 Americans spent a year ago.
This means Americans are spending over $2,000 extra a year on gas under Joe Biden.
64% of Americans are now making less trips to the grocery store to save money.
President Biden has continued to recklessly deplete the Strategic Petroleum Reserve (SPR), which is meant for war or major weather events, for his political benefit. Now, the SPR is at its lowest point since 1987.
Americans are smart. They know this is Biden’s Price Hike - no one-else’s.
MAKE NO MISTAKE: President Biden and House Democrats created this rampant inflation and historic gas prices with their reckless spending and anti-energy agenda. This is NOT Putin’s Price Hike. Democrats own these crises—but Americans are paying for them.