![]() ![]() “The challenge is rising cost of living,” said Youngkin, speaking at a Monday event in Washington hosted by Bloomberg News. Glenn Youngkin, a Republican, put the blame solely on Biden for inflation and people feeling downtrodden. John Barrasso, R-Wyoming, said in a recent floor speech. “Joe Biden’s message to them is just this: He says don’t believe your lying eyes,” Sen. And Republican lawmakers have argued that people should trust their gut on the economy instead of the statistics cited by Biden. As the annual inflation rate has fallen, GOP messaging has focused instead on multi-year increases in consumer prices without necessarily factoring in wage gains. ![]() The Republican counter to Biden has been to dismiss the positive economic data and focus on how voters are feeling. Biden’s campaign sent out a statement after Friday’s employment report that said, “ Despite his claims of being a jobs president, Donald Trump had the worst jobs record since the Great Depression, losing nearly three million jobs.” “The American people are tired of being played for suckers.”Īnd Biden is now going after the track record of former President Donald Trump, the current GOP front-runner. “Let me be clear: Any corporation that is not passing these savings on to the consumers needs to stop their price gouging,” Biden said recently in Pueblo, Colorado. The president’s argument is suspicious to many economists, yet the intended message to voters is that Biden is fighting for them against those he blames for fueling inflation. Second, Biden recently started to blame inflation on corporations that hiked prices when they saw an opportunity to improve their profits, bringing more prominence to an argument first used when gasoline prices spiked. Biden repeatedly emphasizes that he lowered insulin costs for Medicare participants, while other officials discuss how gasoline prices have dropped from their peak. They noted lower prices for turkeys during Thanksgiving as well as for eggs. White House officials have pointed out specific items for which prices have fallen outright.
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