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Tags: cpi | economy | tax

McDaniel: GOP-Led States Have Record of Economic Success

red state prosperity
 (Radomír Režný/Dreamstime.com)

By    |   Wednesday, 01 June 2022 03:11 PM EDT

Amid soaring gas prices, crushing inflation, and a cascading number of crises caused by Biden and Democrats, Americans are increasingly — and rightfully — anxious about their finances.

The number of Americans now saying inflation is a problem stands at 99 percent

Even worse, economic indicators suggest life isn’t going to get much better over the next five months, with economists warning of a recession.

Meanwhile, the 2022 midterm elections are fast approaching.

One thing is clear: Republican-led states consistently lead in terms of economic success. Voters should take note.

Data recently released by the Labor Department confirms Republican policies create jobs, empower businesses, and put money in the pockets of Americans.

Through April, 9 of the top 10 states for jobs recovered since the pandemic began are led by Republican governors — and all 10 states have Republican-controlled legislatures.

Out of the top 25 states with the lowest unemployment rates, 20 are led by Republican governors and 20 have Republican-controlled legislatures.

This is not a one-off.

Republican-led states have consistently built a record of economic success while Democrat-led states have fallen behind.

Biden and Democrats have not only squandered the economic recovery they inherited from President Trump, but they passed a partisan $1.9 trillion "stimulus" which economists across the aisle say led to the inflation we’re seeing today.

For good measure, Democrats also exacerbated the financial woes of American families by waging war on U.S. energy independence and driving gas prices through the roof.

The results have been disastrous. For the last month, gas prices have risen or remained level every single day. In April, the Consumer Price Index (CPI) rose by 8.3% compared to last year --- higher than what economists expected — carrying on a devasting trend of falling real wages.

Inflation now costs the average American family an extra $569 per month — the equivalent of $6,800 per year. The Producer Price Index also rose 11% since last year —just shy of the highest increase on record.

Meanwhile, small business confidence in the economy continues to plummet and the Federal Reserve is raising interest rates in response to this skyrocketing inflation.

Last month, new-home sales saw the biggest drop in nine years.

In short, the data show that the economic situation could very well worsen.

And what lie does Biden keep telling?

He claims that the U.S. economy is going from "on the mend to on the move."

In reality, the economy shrank last quarter and economists are warning the U.S. could see "a major recession."

Just this week, on gas prices, Biden claimed America is going through an "incredible transition" as families from coast-to-coast struggle to make ends meet.

Now dependence on less reliable clean energy sources puts two-thirds of the United States "at high or elevated risk of power outages this summer." Together, this spells bad news for both the U.S. economy and Democrats ahead of midterms.

Biden’s strategy?

To be less than truthful in trying to get his way out of his mess.

Biden has repeatedly claimed, for example, that congressional Republicans want to raise taxes – a lie so totally false that even The Washington Post fact-checked the claim and gave it Three Pinocchios (barely missing Four)."

In truth, it was President Donald Trump and congressional Republicans whose 2017 tax cuts put money back into the pockets of Americans.

And last year Democrat-led states like California and New York — whose tax burdens are some of the highest in the United States — saw a mass exodus, while Republican-led states with low tax burden like Florida saw the highest influx.

Simply put, the facts do not lie.

Polls are another indictment of Biden’s failed economy.

For someone who hasn’t done a bona-fide press conference since Feb. 10 (more than 100 days ago), Biden ultimately answers to the American voter.

According to Gallup, 73% of low-income adults are worried about maintaining their standard of living — up 17 points since last year. According to CBS, 69% of Americans says the economy is bad — the highest it’s been under the Biden administration.

The economy will be a top voter concern in November, and, unfortunately for Biden, Americans know exactly where the blame lies.

A new CNN poll shows 66% disapprove of his economy and 77% rate the economy as poor — the most in a decade.

I could go on.

As the economy grows worse and the mind-boggling incompetence of Biden more shocking — evident in the baby formula shortage — the midterm elections in November will be an opportunity for voters to make their voices heard.

As Republican-led states continue to create jobs, empower businesses, and pull the country’s economy forward, the choice is clearer than ever.

Ronna McDaniel has been chairwoman of the Republican National Committee (RNC) since 2017. Previously, she was chair of the Michigan GOP (2015-2017). 

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One thing is clear: Republican-led states consistently lead in terms of economic success. Voters should take note.
cpi, economy, tax
Wednesday, 01 June 2022 03:11 PM
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