Joe Biden’s presidency is winding down, and as the curtain falls, one glaring hallmark of his tenure can’t be ignored: inflation. From day one, Republicans warned that Biden’s spending spree would spark runaway prices—and here we are. Trillions in deficit spending didn’t just appear out of thin air. It was funded, in part, by printing more money, which anyone with basic economics knows drives inflation. But Biden and his allies dismissed concerns, labeling them fearmongering.
Now, Biden brags about bringing inflation down from its 9% peak to around 2.5%, as if Americans should be grateful for this so-called “progress.” What he conveniently ignores is that slowing inflation doesn’t mean prices are going down. In fact, prices have kept climbing, just not as quickly.
The federal government’s latest Personal Consumption Expenditure (PCE) index rose 2.4% last month, slightly lower than predicted. But since Biden entered the Oval Office, prices overall have skyrocketed more than 20%.
Let’s break it down: In January 2021, $100 could buy far more than it does now—$120 worth of goods today, to be exact, according to the CPI inflation calculator. Groceries? They’ve outpaced even overall inflation, spiking over 22% since Biden started calling the shots. Families across the country are feeling the squeeze, and Republicans have been right there to hold Biden accountable.
House Ways and Means Committee Chairman Jason Smith summed it up perfectly: “The Biden-Harris Administration’s parting gift to the American people is as welcome as a lump of coal at Christmas: higher prices that keep rising.”
Smith didn’t stop there, pointing out the stark contrast between Biden’s economic failures and the prosperity under President Trump: “Families have been hammered by a 20 percent spike in prices under President Biden…” Smith added, “The American people are ready for the Trump presidency and a return to a strong, prosperous economy that created good-paying jobs.”
Americans seem to agree. Polls consistently show they’ve lost faith in Biden’s economic leadership. This year, Gallup reported that public confidence in Biden’s handling of the economy hit “historic lows,” with numbers worse than those during the Great Recession.
Gas prices? Another glaring failure. Biden’s tenure saw the national average skyrocket to over $5 a gallon—before his administration scrambled to empty the Strategic Petroleum Reserve to bring it back down. When he took office, gas was $2.39 per gallon. Now, it’s hovering around $3.00, still a far cry from where it began.
So here we are, America. Higher prices for groceries, gas, and just about everything else. Republicans called it, warned against it, and now, as Biden’s term comes to an end, the proof is in your wallet. But don’t worry—2025 is just around the corner.
