Republican lawmakers including RepStefanik, RepDavidKustoff, PeteSessions, SenJoniErnst, MarshaBlackburn, and SenatorWicker, as well as the GOP and HouseGOP Twitter accounts, are criticizing President Biden's economic policies, dubbed 'Bidenomics.' They claim Americans are now spending over $11,400 more annually on basics due to a general consumer price increase of 17.2%, with specific hikes in motor vehicles (20.3%), transportation services (9.7%), and rent for primary residences (6.5%). Food prices have risen by 20%, gas by 34%, and rent by 19%. Small businesses report 61% believe the economy is bad, 80% face skyrocketing operating costs, and 51% say the situation is deteriorating. The GOP states overall costs have surged by 17.3%, with food prices up 20.3%, rent 19%, and electricity 25%.
#Bidenomics does not work. Americans are spending over $11,400 more a year on the BASICS.
FACT CHECK: Costs are up “across the board” under Biden! Overall costs are up 17.3%, food prices are up 20.3%, rent costs are up 19%, and electricity prices are up 25% https://t.co/IkkiBvmMfP
Since @POTUS took office in January 2021, overall costs have soared more than 17 %. December was the 33rd consecutive month in which prices rose faster than normal, cementing high inflation as a key Biden administration legacy. #WickerReport https://t.co/2b6n1147aD
Under Biden, prices are up 17.3% across the board. “Bidenomics” is not working for Tennesseans. https://t.co/Pb83p8Tefb
Food prices are up 20%. Gas prices are up 34%. Rent is up 19%. Americans are feeling the strain of Bidenflation every day.
#Bidenomics is crushing America’s #smallbiz across the board. ❌61% say it’s bad for the economy ❌80% say operating costs have skyrocketted ❌51% say things are only getting worse I’ll say it again - #Bidenomics IS NOT WORKING. https://t.co/fp8G0ZcbrK
Consumer prices have risen 17.2% since President Biden took office. 📈 Motor vehicles are up 20.3% 📈 Transportation services are up 9.7% 📈 Rent of primary residences are up 6.5% Americans are spending $11,400 more per year due to Bidenomics. https://t.co/m1UK04sLPy
Under #Bidenomics, Americans are spending $11,400 more annually to buy everyday goods and services. This is not an economy that works for West Tennesseans. https://t.co/5vncFUbpma
Americans are paying OVER $11,400 more a year to buy the basics because of #Bidenomics. Enough is enough.