Bidenflation

Below you will find talking points regarding American families struggling under the weight of Bidenflation. Let us know if the NCGOP Communications Team can help with further messaging for your region.

Bidenflation Crushes American Families And Businesses

• Joe Biden’s economy is continuing to fail the American people. As prices surge, supplies run short, and wages fall, Americans know Joe Biden is to blame.
• The Consumer Price Index rose by 7 percent in December compared to last year – the  largest annual increase in over 39 years.
  • Core consumer prices – which excludes food and energy – rose by 5.5 percent since last year, the largest increase since  February 1991.
  • Inflation has completely wiped out nominal wage gains, with real average hourly earnings decreasing 2.4 percent in December.
  • Apples to Apples: If inflation were still calculated in the same manner as it was in 1982? The latest reading would be at 15%!
• Producer prices have risen 9.7 percent since last December, the “largest calendar-year increase” on record.
  • Core producer prices – which excludes food and energy – also increased at a record 8.3 percent.
• “This type of inflation can ultimately derail an economy,” with prices rising for “pretty much everything ” from:

• This week’s inflation news is yet another indictment of Biden’s failing economic policies.
  • In December, Biden oversaw the worst jobs report of the year – just 199,000 jobs were added, well below economists’ expectations.
• For months, Biden and members of his administration downplayed inflation, even making jokes about it:
  • July 2021, Biden said “it’s highly unlikely that it’s going to be long-term inflation that’s going to get out of hand.”
  • Just last month, White House Press Secretary Jen Psaki said prices are “mov[ing] in a good direction.”
  • Energy Secretary Jennifer Granholm said “that is hilarious” when asked  what the administration’s plan to lower gas prices was.
• Now, with key measures of long-term inflation showing no signs of relenting, Treasury Secretary Janet Yellen said it’s time to “ retire the word transitory” when it comes to Biden’s inflation crisis.
• Biden’s vaccine mandate will make matters even worse – it threatens nearly 45 million jobs and could bury businesses with at least $1.29 billion in compliance costs, exacerbating the supply chain crisis and driving costs higher.
  • One poll found that seven in ten unvaccinated workers would likely quit their jobs rather than adhere to the vaccine mandate.
  • Far-left mayors in cities like Chicago, New York, and Washington, D.C. have also enacted vaccine mandates that will crush the liberties of their residents.
    • In D.C., Mayor Bowser’s mandate will disproportionately impact Black residents. Under Bowser’s order, over half of D.C.’s Black citizens will be banned from entering restaurants, gyms, and other indoor establishments.
• Biden’s incoherent economic policies are having devastating effects across the nation. Whenever Americans face higher prices, supply shortages, or lower wages, they can thank Joe Biden.

Thank you,

--NCGOP Communications Team