COLUMNS_ American Families Are Paying the Price of Kamala Harris’ Failures

Townhall

OPINION

American Families Are Paying the Price of Kamala Harris’ Failures

Kaelan Dorr | Oct 12, 2024

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.

AP Photo/Carolyn Kaster


This week, after rebooting her campaign yet another time, Kamala Harris admitted there's not a thing she would have done differently than Joe Biden-including their historic inflation crisis. As November approaches, Thursday’s Consumer Price Index (CPI) report sends another red flag to hard working Americans--confirming what they are already feeling every time they go to the grocery store--inflation worsened, yet again.

Under Kamala Harris, inflation has wreaked havoc on families' bottom lines and made everyday life unaffordable. Year-over-year prices increased by 2.4% in September, marking the 43rd straight month that inflation has exceeded the Federal Reserve's target rate. When President Trump left office, inflation was non-existent, sitting at 1.4%. Since Harris took office, inflation has averaged 5.2%—almost three times higher than during Trump's presidency.

Meanwhile, wages are down while the cost of living remains sky-high. Real average weekly earnings have declined by 3.4% since Harris entered the White House, in stark contrast to the Trump administration, when Americans saw their real wages increase by 8.2%. Most Americans' paychecks simply don't stretch as far as they used to. And the consequences of this prolonged inflation are devastating for American families that have had to max out their credit cards just to keep the lights on. As wages lag and inflation worsens, families struggle to make ends meet.

Inflation is a hidden tax on every American that diminishes your purchasing power and erodes the value of your money. Since Harris took office, the cost of living has skyrocketed, forcing Americans to pay significantly more for everyday necessities. Gas prices are up by 38%, electricity by 31%, and groceries by 22%. The price of eggs has skyrocketed by a staggering 69%, baby food is up 31%, and rent has increased by 23%. Transportation costs are up by 31%, and car insurance costs have risen by 57%.

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READ MORE: https://townhall.com/columnists/kaelan-dorr/2024/10/12/american-families-are-paying-the-price-of-kamala-harris-failures-n2646128

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