Democrats just accidently showed why “Bidenomics” is a failure… don’t even get me started on the border, energy policy, etc
…The combination of higher home prices and higher interest rates has broken America’s housing market. Since Mr. Biden became president, the median home price has jumped over 27%, and interest rates have risen from 2.8% to 7.2%.
Those two factors have caused the monthly mortgage payment on a median-priced home to more than double, from $979 to $2,075.
That’s costing a family more than $13,000 extra per year for the same house. This has forced many Americans to rent instead, and the increased demand for apartments has driven rents to record highs….
(HERITAGE)
ISSUES & INSIGHTS joins the beat down!
….Of course, this doesn’t count the fact that Americans have to squeeze this spending out of a 4% decline in real average weekly earnings since Christmas 2020. Or, to put it another way, Bidenflation costs the typical family $11,400 a year.
Which is why more than one in three Americans say they are skipping Christmas presents due to inflation concerns.
Is it any wonder, then, that as the Bidens frolic – while lecturing Americans that all is well – food prices, our ability to pay our bills, housing affordability, gasoline prices and overall inflation, are the top five economic issues in the latest TIPP poll?
Most families this year will probably feel less like costumed tap dancers and more like poor Mrs. Cratchit from “A Christmas Carol.”
Imagine the scene. Bob Cratchit raises his glass after the family’s Christmas dinner to toast President Joe Biden, and says, mimicking White House talking points:
“To Mr. Biden! The Founder of the Feast!”
To which Mrs. Cratchit replies: “The Founder of the Feast indeed! I wish I had him here. I’d give him a piece of my mind to feast upon, and I hope he’d have a good appetite for it.”…
