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"While the overall number is something the Biden Administration wants to celebrate, as soon as you dig into these numbers, you see it’s not good for the American people. Let’s just think about this, the cost of airline tickets right before the Christmas and holiday travel season – up 30%. Eggs up 49%, butter 27%, chicken 12%, milk 15%. These are the things the American people buy every day, and the prices are still sky rocketing. You’ve even got the price of fuel still higher.
When you look at inflation, don’t just look at the year-to-year or month-to-month number because that’s what can be easily spun. When you look at inflation during the not even two years that Joe Biden has been in office, it’s nearly 14%. That’s nearly double the amount in under two years than the inflation for all four years of Donald Trump’s presidency.
And so what does this mean to the average American? Sixty percent of people are saying they are living paycheck to paycheck. Forty three percent, nearly half, are saying they are dipping into their retirement accounts for paying for daily expenses. Credit card debt is rising at the fastest rate in more than 20 years and because the Fed is having to increase interest rates to tame Bidenflation, your interest payments are going up, your mortgage payments could be going up."
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