By Brigette Gabriel, ACT for America – October 20, 2024
Why Inflation Is Out of Control—And How You Can Fix It on Election Day!
“In 4 years, the democrats have destroyed our economy, and now Harris is asking for your vote?”
| On Biden and Harris’s first day in office, inflation was unleashed, climbing from a manageable 1.4% to 7.1% by the end of his first year, the highest annual increase since 1981.Today, inflation has reached an alarming 21.4%, levels unseen since World War I. Let that sink in—America is grappling with the worst inflation since 1917.In just four short years, we sent our economy and border security back 40 years!Americans are hurting across all sectors: |
| 78% of Americans (262 million) are living paycheck to paycheck, unable to keep up with skyrocketing costs of goods and services.63% can’t afford to buy a home or manage increasing rent, due to surging home prices and interest rates—affordability is at a 37-year low.Gas prices have nearly doubled, from $2.39 per gallon in January 2021 to over $4.57 today. In states like California, gas prices hover around $5. |
| The cause? Biden’s policies to dismantle U.S. energy independence. On his first day, Biden canceled the Keystone XL pipeline and banned new drilling leases on federal lands. The results were immediate—over 11,000 American jobs were lost, and oil production plummeted. Under Trump, the U.S. became the world’s top oil and gas producer, driving energy prices down. Biden reversed all of that, sending gas prices and inflation soaring. Consider this: Trump left office with the U.S., producing over 13 million barrels of oil per day, making us a global energy powerhouse on a trajectory to produce four times that, doubling the combined production of Russia and Saudi Arabia! Today, under Biden, we are forced to rely on foreign oil, including Venezuela. Even more shockingly, Biden drained our Strategic Petroleum Reserve, selling nearly half of it—including sales to China, Iran’s largest oil buyer and a major adversary. This compromise of our national security has been matched with begging foreign nations like Saudi Arabia and Venezuela for more oil, which only further drives up costs at home. With “friends” like this, who needs enemies? Childcare costs have skyrocketed as well, with parents paying up to double the cost of rent for one child in many areas. And, to add insult to injury, the child tax credit, which provided vital relief, was slashed by 80% under Biden.Inflation can be cured quickly—if we restore sound energy policies that prioritize American production. Trump’s vision of energy independence was already working, making the U.S. the most productive and efficient energy provider in the world. Biden and Harris’s “no more drilling” stance has crippled our energy sector, made the cost of living unbearable, and created economic hardship for millions of hardworking Americans.Failure to vote in this election will directly contribute to America’s decline, pushing us toward an unrecognizable and possibly irreversible future.The solution is simple: vote to restore energy independence, bring back affordable gas prices, and stop runaway inflation. You can end this economic crisis by voting for leadership that puts America first, prioritizes economic stability, and delivers prosperity for all. Your vote can turn the ship around—starting on day one. Let’s reclaim our future. Please share this with everyone you know today! |
