The Biden administration’s policies have had devastating consequences for the American economy, with inflation at 40-year highs and prices skyrocketing. The rising costs are crushing American families, with an average increase of $15,133 per year for basic necessities such as food, housing, and transportation.
In addition to the inflation crisis, the Biden administration’s regulatory agenda is spiraling out of control. Since taking office, Biden has implemented over 209 Economically Significant Rules, which are regulations that have a significant impact on the economy. These regulations are suffocating businesses, increasing costs for consumers, and stifling innovation.
For example, Biden’s environmental regulations are driving up the cost of energy and making it more difficult for businesses to operate. His labor regulations are making it more expensive to hire and retain workers. And his financial regulations are making it more difficult for businesses to access capital.
The cumulative effect of these regulations is to make it more difficult for businesses to compete and create jobs. As a result, the American economy is slowing down and unemployment is rising.
Making matters worse, Biden is planning to end the Trump-Pence tax cuts, which were a major boost to the economy. If Biden succeeds in raising taxes, it will further hinder economic growth and lead to higher prices for consumers.
The Biden administration’s policies are a disaster for the American economy. They are making it harder for families to make ends meet, businesses to create jobs, and the economy to grow.
It is time for Biden to change course and adopt policies that will help the American people, not hurt them.
