As much as American workers feel the detrimental effects of the Biden-Harris economy, some of America’s greatest job creators fear that four more years of these economic policies will destroy the American dream for millions of workers.
We believe that unbridled government spending, inflationary policies, high interest rates, open borders, and now socialist-style price controls will make things exponentially worse. And without a doubt, Kamala Harris owns the destructive results of this administration’s policies as much as Joe Biden.
As vice president, Harris cast the tiebreaking vote in favor of trillions of dollars in deficit spending that helped drive inflation up to the highest level we’ve seen since the “stagflation” of the 1970s and early 1980s. The administration’s unprecedented levels of deficit spending amount to a cruel, hidden tax on the future earnings of the middle class, which is the foundation of the American economy. Prices are up by more than 20% since Biden and Harris took office — even more for staples like gas, groceries, and rent.
As a result of all that inflation, real wages are nearly 4% lower than they were in January 2021. In other words, Biden and Harris went on a spending spree, and American workers took a pay cut.
