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Rep. Elise Stefanik, Chairwoman
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Joe Biden & Far Left Democrats Are Running Away From Bidenomics But the American People Can’t

Washington, March 27, 2024
  • A known terrorist who attempted to enter the United States illegally through our wide open Southern Border was subsequently r
Joe Biden and Far Left Democrats are running away from their failed economic agenda known as Bidenomics, which has caused costs to rise 18.6% and real weekly earnings to fall 4.2%. While Biden and Far Left Democrats have largely abandoned messaging on Bidenomics, the American people are still suffering every day from the consequences of their failed economic agenda, which is costing them over $1,000 more a month. 
 
According to Axios:
 
“In recent months, though, "Bidenomics" mentions by Biden, Democrats in Congress and others in the party have fallen off a table. It's a shift that amounted to an acknowledgment that the White House's messaging effort was falling flat with many voters.”
 
MAKE NO MISTAKE: The American people are smart and they know Biden and Far Left Democrats are responsible for Bidenomics no matter how hard they try and distance themselves from it. 
 
BIDENOMICS BY THE NUMBERS: 
  • Inflation is a tax on ALL Americans. 
  • When Joe Biden took office, inflation was at just 1.4%. 
  • Since Joe Biden took office, inflation has risen by 18.6%.
    • Eggs are UP 49% since Biden took office.
    • Gasoline is UP 38.8% since Biden took office.
    • Transportation services are UP 35.2% since Biden took office.
    • Baby food and formula is UP 29.6% since Biden took office.
    • Electricity is UP 28.6% since Biden took office.
    • Food prices are UP 20.9% since Biden took office.
    • Rent of primary residence is UP 19.5% since Biden took office.
  • Real average hourly earnings for all employees decreased 0.4% from January to February.
  • Real average weekly wages are down 4.2% since Biden took office.
  • Americans are paying more for just about everything because of inflation:
    • Frozen noncarbonated juices and drinks are UP 27.2%
    • Motor vehicle insurance is UP 20.6%
    • Sewing machines, fabric and supplies are UP 11.0%
    • Admission to sporting events is UP 11.0%
    • Transportation services are UP 9.9%
    • Nonprescription drugs are UP 9.3%
    • Uncooked beef roasts are UP 9.2%
    • Baby food and formula is UP 8.8%
    • Food from vending machines and mobile vendors is UP 7.7%
    • Motor vehicle maintenance and repair are UP 6.7%
    • Sugar is UP 6.1%
    • Hospital services are UP 6.1%
    • Rent of primary residence is UP 5.8%
    • Crackers are UP 4.9%
    • Tomatoes are UP 4.7%
  • Under Joe Biden’s failed economic agenda, Americans are spending over $11,400 more annually to buy the basics.  
  • Since Joe Biden took office, Americans are spending over $1,000 more a month than they were three years ago. 
  • The average monthly payments on a new home soared to $3,322 in the third quarter of 2023, marking a staggering 90% increase since late 2020 when it hovered at just $1,746 before Biden took office.
  • According to a recent survey, one in eight retirees plan to return to work in 2024, largely due to Bidenflation.