Staff Reports
Former President Donald Trump didn’t hold back during his speech at the Minnesota Republican Party’s annual Lincoln Reagan Dinner, firing shots at what he dubbed as “Bidenomics,” the rising inflation, and the steep costs of groceries. Trump highlighted the staggering increases in grocery prices, citing a whopping 22 percent spike in overall costs, egg prices soaring by 50 percent, and electricity and gas prices also ramping up by alarming percentages. He even mentioned the struggles many faced in securing essential services like car insurance due to the soaring expenses.
Trump didn’t mince words when he labeled the current state of affairs under President Biden’s leadership as “Bidenomics,” mentioning the significant drop in real wages and the burden of high inflation on everyday Americans. He pointed out how inflation has made it difficult for many to afford basic necessities, let alone major purchases like cars or homes, painting a grim picture of the economic landscape.
FACT … Pres. @realDonaldTrump: (The Federally Criminal/Criminally Illegitimate, Illegal Occupant of Our White House) @JoeBiden ‘Has Made It Impossible’ for Americans to Buy Cars, Homes.
* U.S. @federalreserve RATE 21 JAN 2021 – .25%
* NOW – 5.50%https://t.co/30LJbf92ei— The American … aka: "El Americano" (@American_US1) May 18, 2024
The former president didn’t stop there, emphasizing the impact of inflation on American families by coining the term “Biden Inflation Tax.” He likened the situation to a historic tax burden on families, attributing the current economic woes to the policies enacted under the current administration. He criticized President Biden for falsely claiming the inflation rate was far lower when he took office than the reality, citing a stark contrast between the claimed figures and the actual data.
Trump painted a troubling picture of the financial strain faced by families in Minnesota, noting the draining effect of the rising costs on their monthly budgets. He lamented the challenges faced by young Americans in particular, highlighting the obstacles they encounter in securing basic necessities like homes and cars with the current economic climate. The former president underscored the severity of the situation, shedding light on the significant impact of inflation on daily life for many Americans.
Recent data showing a continuous rise in the Consumer Price Index (CPI) only served to bolster Trump’s arguments against the economic policies under the Biden administration. With each passing month, the CPI inches higher, reflecting the growing financial pressures faced by households across the country. Trump’s impassioned speech at the event underscored his concerns over the economic hardships brought about by what he perceives as detrimental policies, resonating with conservative audiences eager for change.
