Joe Biden is stumbling towards a rematch with Donald Trump this fall.
His re-election campaign could be doomed because of a crucial mistake.
And John Kennedy revealed one simple truth about Joe Biden that left Democrats frantic.
The cost of living has become a crisis after President Joe Biden unleashed the worst inflation on America in four decades.
The President used his State of the Union speech to paint a rosy picture of an economy that he claimed was improving.
Biden bragged about how “wages keep going up and inflation keeps coming down.”
“Inflation has dropped from 9% to 3% – the lowest in the world. And trending lower,” Biden said.
John Kennedy gives Joe Biden a reality check about inflation
Senator John Kennedy (R-LA) took apart Biden’s claim that things are getting better for Americans.
“Pres. Biden’s pretty words can’t hide his price hikes: Grocery store staples cost Americans 21% more under his economic mismanagement,” Kennedy wrote on X.
Pres. Biden’s pretty words can’t hide his price hikes: Grocery store staples cost Americans 21% more under his economic mismanagement.https://t.co/V7vet3PodN
— John Kennedy (@SenJohnKennedy) March 8, 2024
Inflation is increasing at a slower rate, but prices haven’t gone down.
Prices at the grocery store are still increasing.
Grocery prices are up 21% since Biden’s inauguration in January of 2021.
Federal Reserve Chair breaks the hard news about prices under Biden
Federal Reserve Chair Jerome Powell told the truth about prices during an interview on CBS’ 60 Minutes.
“The prices of some things will decline,” Powell said. “Others will go up. But we don’t expect to see a decline in the overall price level. That doesn’t tend to happen in economies, except in very negative circumstances.”
The high prices of the Biden Presidency are here to stay.
Americans will be looking for wage increases to help them manage the new reality created by Biden’s inflation.
“If you think about the basic necessities, things like bread and milk and eggs and meats of various kinds, if you look back, prices are substantially higher than they were before the pandemic,” Powell added.
A Yahoo Finance/Ipsos poll from November found that 67% of voters said high food prices have been impacted the most by inflation.
It topped gasoline, housing, and transportation costs by more than 50%.
Eggs and milk, two grocery staples, have seen a dramatic jump from January of 2021 to January of 2024.
The average price for a dozen Grade A eggs has increased by 52.6% and a gallon of milk is up 13.2%.
In the 1980 election, Ronald Reagan asked voters at a Presidential debate against President Jimmy Carter if they were better now than they were four years ago.
The soaring cost of living is one reason why Joe Biden is the most vulnerable Democrat incumbent since Carter.
