There have been many presidential elections over the course of our nation’s history that have been decided by economic factors, as this is the one area of politics that actually impacts the day-to-day living of every single person in the country, regardless of whether you’re a Democrat or Republican. And it looks like the 2024 election is going to be no different. If you’re President Joe Biden, seeking reelection, that’s very bad news, because the current economy sucks royally. People are livid over what’s happening to the economy, and trust me when I say, they have first hand experience of the suckage that is Bidenomics every single time they step foot in a grocery store.
What is really rubbing people the wrong way is how the mainstream media propagandists are trying to gaslight us all into believing that the economy is actually doing well and that what we’re experiencing when we ring up purchases at the supermarket is actually not a bad thing. That’s a hard pill to swallow when you have tons of retail businesses closing thousands of stores, small companies closing up shop, and poverty expanding while the middle class shrinks.
The biggest reason why Americans are so angry over all of this is because of how ridiculously high inflation is. And a brand new survey has revealed this has now become the top issue for voters in the country.
Inflation is “far and away” the biggest issue for Americans heading into the 2024 election, but economic outlooks and President Biden’s approval rating vary by race and ethnicity, according to a new Harvard CAPS/Harris poll.
The survey discovered that a whopping 58 percent of Americans now consider the economy to be weak, with only 34 percent believe this nightmare is on the up and up.
Just 34 percent of respondents said they believe the economy is on the right track, although that answer varied significantly depending on whether the respondent was a Republican or Democrat — 13 percent and 59 percent, respectively.
And this isn’t the only survey that has reached this conclusion. A survey produced by ABC News/Ipsos revealed that 85 percent of adults in the United States think inflation is an important issue.
U.S. adults trust former President Donald Trump over President Joe Biden on the issue of inflation by a double-digit margin, according to a new ABC News/Ipsos poll this month, which found that price increases remain a top concern for voters, with less than six months to go until Election Day.
In all, 85% of poll participants said inflation is an important issue, making it the second-highest priority among adults surveyed. The top priority, the economy, also relates to individuals’ perceptions of price increases.
On each of those issues, the economy and inflation, adults surveyed by ABC News/Ipsos said they trusted Trump over Biden by a margin of 14 percentage points.
So, if the administration is correct and inflation is no big deal, why do so many American voters disagree? There are quite a few headlines plastered all over mainstream media outlets that say everything is just fine and dandy, that inflation is well under control.
Then why has the cost of basic goods and services skyrocketed in recent years?
Gas prices are currently sitting at a national average of $3.45 per gallon, down from $3.50 last week as low demand and increasing supply provide relief at the pump, AAA said. But overall, today’s prices are still 45% more expensive than in January 2021, when it cost $2.38 per gallon to fill up.
Electricity costs are up about 29% since Biden took office.
It also costs more to buy a car (20.4% increase), maintain it (30.5%) and insure it (51.3%) than it did four years ago.
The cost of housing has become so expensive it’s enough to drive your average middle-aged man straight into a drinking problem.
See the numbers for yourself…
The real estate firm Zillow reports that since January 2020, the monthly mortgage payment on a typical U.S. home has nearly doubled. It’s up 96% in just four years.
According to Zillow, a typical buyer will now pay nearly $2,200 a month, with a 10% down payment. Meaning, homeownership now costs well above the 30% of median income that was once thought to equate to “affordable” housing cost in America.
And with the 30-year fixed-rate mortgage hovering around seven percent right now, there’s not a whole lot of light at the end of this tunnel.
Who wouldn’t need a martini or six after looking at this while trying to buy a home?
Another victim of inflation is small business owners.
Big time business man Kevin O’Leary of “Shark Tank” fame, recently explained how the cost of food for restaurants has increased well over “30 to 40 percent over the last 6 months.”
Supply chains crippled by the COVID pandemic lockdown haven’t recovered. Food costs – especially for proteins like chicken, beef and seafood – are up 30 to 40 percent over the last 36 months. Worst of all for the restaurant industry – customers haven’t returned from the shutdowns.
One thing many have not thought of is how detrimental working from home has become for local restaurants. This new trend has reduced the amount of foot traffic to local businesses located in urban areas.
And while Americans rarely worked from their home prior to the pandemic, an estimated 22 millions employed adults (about 14 percent of the workforce) haven’t returned to the office, according to Pew Research Center.
That means fewer people are going out to lunch or meeting colleagues for dinner after work.
This has been devastating to businesses that invested in brick-and-mortar locations. Eateries in urban locations have been hit especially hard as their expensive locations are no longer receiving the footfall they need to meet rent.
Things are craptastic all across the board economically speaking. Times are tough, and honestly, they aren’t getting better any time soon. All of this discomfort has come about as a result of failed Democratic policies enacted by President Joe Biden. It’s no wonder Americans are good and ticked off. I have no doubt we’ll all let our frustrations be heard in a few months when we cast a ballot for the next president.