Biden and the big government socialists’ cost-of-living crisis
The only solution to this crisis is a big Republican victory in November
COMMENTARY
By Newt Gingrich - - Tuesday, September 20, 2022
OPINION:
The scale of the Joe Biden-Big Government Socialists’ disaster is becoming more obvious.
Scott Rasmussen has reported that 88% of Americans agree we are in a cost-of-living crisis. In fact, 66% – two of every three people – said it is a serious crisis.
Last week, economist Steve Moore, in his invaluable Unleash Prosperity Hotline, reported that Biden’s Big Government Socialist program had dropped real earnings by $3,000 for the average American in less than two years (with even more cuts to real income coming down the road). For 17 consecutive months under Mr. Biden, the cost of living has risen faster than wages.
The most recent Consumer Price Index Report had an average rise of 8.3%. But even this understates the pain in key areas. Fuel oil is up 68.8% (watch New Hampshire and northern Wisconsin and Michigan as this hits home in October). Electricity is up 15.8%, and more than 20 million American families are already behind in paying their electric bills.
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READ MORE: https://www.washingtontimes.com/news/2022/sep/20/biden-and-the-big-government-socialists-cost-of-li/
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