Now, while Biden's bailouts get held up in court, Americans
are getting stuck in his economy as more than 3/4
of voters report they've had to cut back on basic
necessities just to stay afloat.
And it's the Americans who Biden claims to be fighting
for that are getting hit the hardest, like low income
and minority voters.
And for that reason, is it any wonder voters trust
Trump to handle almost everything of importance like crime, immigration
and the economy?
Let's bring in Heritage Foundation public finance economist EJ Anthony
EJ The the trust on how to deal with the
economy.
Things are pretty good under Donald Trump and not so
good under Joe Biden.
Well, Jason, you're absolutely right.
If you look at how the typical American family did
under the first Trump term, you saw that their annual
income, not just in nominal terms but in what they
could actually buy, increased by thousands of dollars.
Under Biden, it's done exactly the opposite.
It's fallen.
And I think that's one of the reasons why we're
in such a unique moment in modern American political history
where voters don't need to look at what these politicians
are promising they will do.
They can simply look back at what each of these
people have already be done because again, this is unique
in modern times where both of these men have already
been president, you know.
And I think, I think the numbers are important, obviously,
because it gives a a sensibility for those who might
not be suffering as much.
But Americans when they get up, they know every day
it's on their mind when they go to sleep.
What is what can we do at the grocery store?
Do I have enough gas in the car?
It's still an issue.
There's the the supply chain issues are still an issue
that the the media is just really just doesn't discuss
this kind of thing.
So isn't it really more And this is the problem
for the Democrats is that it is a daily lived
experience and not something you need to learn about in
a seminar somewhere.
Well, Tammy, one of the things we've seen over the
last 3 1/2 years has been this complete and total
disconnect between what the mainstream media has been proclaiming about
this economy and how people actually respond in polls.
In other words, how they are telling us they are
feeling and they are feeling terrible.
Why?
Because conditions out there are terrible.
Not not only do you have the high prices because
of inflation, the government spending, borrowing and printing too much
money, but on top of that you have a regulatory
burden which isn't even included in the those inflation metrics.
You know, when the government adds thousands of dollars per
year per family, which is what they've done over the
last three years, they've added that much in regulatory costs.
Those costs are not included when they calculate inflation.
And that's one of the reasons why people feel much
worse off than we're being led to believe by these
quote UN quote, official numbers.
Well, let's move on to this.
A new national study reveals that in Biden's economy, a
minimum wage worker would have to have worked 95 hours
a week just to afford the average one bedroom, one
bedroom apartment.
Look, to put that into perspective, that means working almost
2 1/2 full time jobs or about 19 hours a
day.
I you know, isn't this, that the nature EJ of
you know, the absurdity of what people are facing?
It's, it's literally hopeless when you think about it, you
know, and that's one of the reasons why, Tammy, we
are seeing an increase in, in what some people call
doom spending, where a lot of young Americans have literally
given up on the dream of the American dream of
home ownership.
Instead, they're saying, the heck with it.
I'm never going to be able to afford a home.
I'm never going to be able to afford to retire.
And they've stopped saving for these things entirely.
I mean, look at what's happening.
If you look around the country, you will find in
many states, not a single major metropolitan area where home
ownership is afforded, rents aren't even affordable.
You literally have to go back decades to find a
time when it when the cost of living was this
nice.
That's why we hope to never hear about Biden nomics
again.
EJ Anthony, thank you so much for joining us.