Are you better off than you were four years ago? That's the subject of tonight's riff. "Are you better off than you were four years ago" – the fellow who perhaps most famously asked this question to great effect was Ronald Reagan. Take a listen: RONALD REAGAN: "Next Tuesday, all of you will go to the polls, will stand there in the polling place, and make a decision.
During the Biden years, groceries are up 21%, gasoline up 45%, electricity up 27%, new and used cars up almost 20%, shelter and rent up over 20%. These are all killers. That's what people think about and, with Bidenflation, interest rates have soared. Mortgage rates up over 7%, car loans running up around 10%, credit cards up 25-30%. These high personal borrowing costs are also killers. Essentially, working folks cannot afford the Biden economy.