June 24, 2024
Americans can’t afford four more years of “Bidenomics.”
- 58% of Americans disapprove of President Biden’s handling of the economy (RCP Average).
- 62% disapprove of his handling of inflation (RCP Average).
- Nearly half (45%) say Bidenomics has mostly negatively affected them and their families. (KAConsulting)
- More than half of Americans think they and their families were better off financially under the previous administration. (KAConsulting)
By the Numbers
| When Biden Took Office | Now | |
|---|---|---|
Gas Price per gallon |
$2.39 |
$3.44 |
Inflation |
1.4% |
3.3% |
Mortgage Rate (30yr fixed) |
2.65% |
7.01% |
Real Average Earnings |
+8.2% |
-3.9% |
Things just cost too darn much under the Biden Administration.
- Prices have increased 20.1% under Biden (3x faster than under Trump)
- Gasoline up 54.8%
- Car Insurance up 51.7%
- Car repairs up 40.6%
- Groceries up 21.2%
- Margarine up 51.9%
- Eggs up 40.1%
- Airline fares are up 39.9%
Fast Food is no longer affordable under President Biden
| McDonald’s | 2019 | 2024 | % Increase |
|---|---|---|---|
Medium French Fries |
$1.79 |
$4.19 |
134.1% |
McChicken |
$1.29 |
$3.89 |
201.6% |
Big Mac |
$3.99 |
$7.49 |
87.7% |
Cheeseburger |
$1.00 |
$3.15 |
215% |
| Taco Bell | 2019 | 2024 | % Increase |
|---|---|---|---|
Beefy 5-Layer Burrito |
$1.69 |
$3.69 |
118.3% |
Nachos Bellgrande |
$3.29 |
$5.89 |
79% |
Crunchwrap Supreme |
$3.49 |
$5.29 |
51.6% |
Because of Bidenflation, Americans are relying on their credit cards to stay afloat.
- Total household debt has risen to an all-time high of $17.69 trillion.
- Credit card debt is at $1.12 trillion, nearly a record high.
- Credit card balances have increased by %over the past three years.