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I used to be a business person before entering politics, so when people talk about "bidenomics" and how it's benefiting everyone, I have my doubts. Honestly, I can't think of any measure that shows people are better off now compared to three years ago, even with the impact of COVID-19.

Joe Biden's economic agenda, known as Bidenomics, is characterized by increased spending, regulation, and higher taxes. However, it has resulted in negative consequences for the American people. Gas prices have reached a record high of over $5 a gallon, inflation is at a 40-year high, and real wages have been declining for 26 months. Additionally, Americans now owe nearly $1 trillion in credit card debt. The cost of housing, electricity, natural gas, and food has also significantly increased. Bidenomics has left one-third of Gen Z and Millennials with no savings. In contrast, President Trump's economy saw increased wages, historic low unemployment rates, and a thriving stock market. Trump created 7 million new jobs and achieved record lows in unemployment rates for various demographics. Trump's success on the economy is unmatched by other candidates.

"gas prices at their lowest level for a Labor Day weekend in years." "In some states, they are below $3 a gallon." "GasBuddy is projecting the national average this Labor Day, $3.15 a gallon." "That's the lowest since 2020." "15 states across the country, the average there is now below $3 a gallon." "The biggest driver of gas is always oil prices." "In 2022, after Russia invaded Ukraine, we're talking about 110, a $120 oil prices." "Now it's around $65 a barrel." "GasBuddy is telling me that they think that gas prices are likely to drop below $3 a gallon nationally this fall." "OPEC refused to pump more during the Biden years."

I'm Mike Pence. Gas prices have gone up since Joe Biden became president due to his energy policies. We have a plan to bring back $2 gas and lower electricity prices. Check out the Pence Energy Plan at mikepence2024.com to help us achieve energy independence and become the top energy producer by 2040. Let's lead America to a prosperous future with energy independence and leadership.

Gas prices have skyrocketed to $7.55 per gallon, prompting frustration from the speaker. They jokingly address Putin, suggesting that he should be sent a bill for the high costs. The speaker also mentions that they only managed to put $15 worth of gas in their car.

Here is a summary of the provided transcript: The speaker presents economic data from the Federal Reserve, Bureau of Labor Statistics, Energy Information Agency, and Nasdaq to compare economic performance under the Trump and Biden-Harris administrations. Key metrics include: Inflation rate year over year (1.89% under Trump, 5.28% under Biden-Harris), cumulative inflation (7.8% higher under Trump, 19.2% higher under Biden-Harris), average gas price (down 5.4% under Trump, up 46.6% under Biden-Harris), 30-year mortgage rates (down 34.8% under Trump, up 132% under Biden-Harris), average rent costs (up 11.8% under Trump, up 21.6% under Biden-Harris), NASDAQ Composite (up 138.2% under Trump, up 39.4% under Biden-Harris), grocery prices (up 6.5% under Trump, up 20.9% under Biden-Harris), electricity prices (up 4.2% under Trump, up 29.6% under Biden-Harris), and real hourly wages (up 6.8% under Trump, down 2.2% under Biden-Harris). The speaker suggests these numbers, based on data as of July 12, 2024, can help viewers decide who was the "better CEO" without relying on emotion. The speaker claims Harris would be more liberal and cost everyone more money.

The Interior Secretary is being criticized for celebrating high gas prices and inflation as a positive outcome for the environment. Gavin Newsom claims that we are more energy independent under Biden, but the oil and gas industry disagrees. While there has been an increase in domestic oil production, it is due to policies from the previous administration and not sustainable growth. The Biden administration has restricted the development of fossil fuels and limited funding for future projects, leading to higher energy prices. This is something that Gavin Newsom failed to acknowledge.

Speaker argues that under Governor Pritzker and the Democratic super majority, Illinois has lost 6,000 megawatts of reliable 24-hour power, which they equate to three nuclear plants or enough power for a million homes. They claim this leads to $8,000,000,000 in rate increases on the people of Illinois. They question the timing of a bill, saying a study on a bill didn’t exist when the study was done and that the bill wasn’t filed until Tuesday, asking who believes the administration. They state that people believe their power bill because they get it every month, and accuse the administration of “taking the caps off” and inviting higher costs. They present electricity price data: in 2019 electricity was 8.6¢ per kilowatt-hour, while in the summer of this year it was 23¢ per kilowatt-hour, describing it as triple. They attribute this rise to the leadership of Governor Pritzker and the Democratic super majority, who they say “keep telling us, oh, we’re here to help, little guy. We care. We care about you little guy. We’re gonna make sure your power bills go down.” They reference a green line from 2021 to 2025 showing the rise and increase in costs. They compare Illinois to neighboring states: Illinois residential at 18.09¢ per kilowatt-hour, Kentucky at 13.4¢, and note Illinois is higher than Indiana, Iowa, and Missouri. They say Illinois was right there with Wisconsin, but after this passes it will be a trifecta, resulting in Illinois having the highest energy cost in the entire Midwest. They conclude by reiterating the $8,000,000,000 rate increase on Illinois residents and question how this demonstrates care, stating that this is exactly why nobody believes anybody anymore.

With less than a year until the 2024 presidential election, Democrats are abandoning the term "Bidenomics" as the economy under Biden faces increased criticism. Since taking office, consumer prices have risen by over 17%, gasoline prices by over 35%, and credit card debt by over 40%. On the other hand, wages have decreased by nearly 3%. The president continues to emphasize job numbers, despite Americans being more concerned about inflation and rising prices, which have surpassed 3%. The Wall Street Journal highlights this discrepancy, noting that the president's focus on jobs presents a more favorable image for him.

Eggs cost under $1.50 a dozen when Kamala Harris took office, but now cost around $4 due to her inflationary policies. Pennsylvania has seen some of the worst grocery price increases in the nation because Harris cast the deciding vote on the "inflation explosion act." Pennsylvanians should be able to afford groceries, but Harris has presided over a $1,000 increase in monthly expenses to afford the same life as three and a half years ago. The speaker believes that firing Kamala Harris and returning to common sense economic policies is the only way to make groceries affordable again.

I will bring prices down starting on day one. But that isn't true. Since day one of my presidency, prices have not gone down. They're up, and inflation is getting worse, including the price of gas. Their plan is awful. The Republican plan is to win, families and families win, and billions win. That is the truth.

I'm Mike Pence. Gas prices were $2 a gallon before Biden. Our Pence Energy Plan aims to restore energy independence by 2040, making the US the top energy producer globally. Visit mikepence2024.com to support American energy leadership for a prosperous future.

I will immediately bring prices down starting on day one. That is simply not true. Since day one of my predecessor's presidency, prices have not gone down; they have gone up. Inflation is getting worse. The prices of gas are high. Their plan is awful. The Republican plan is simple: Billionaires win, and families lose. That is the truth.

The speaker acknowledges that the economy was in a bad state when the current president took office. They claim that the previous administration lacked a comprehensive plan and that the current president has taken steps to improve the economy. They mention that gas prices increased due to Putin's war. Another speaker counters these points, stating that most of the jobs created by Biden were actually recovered from the pandemic and that the economy is still far from where it was under Trump. They argue that gas prices rose because of Biden's restrictions on domestic energy production, not because of the Ukraine war. They express skepticism towards the speaker's claims and criticize their credibility.

Economic growth at the time of inauguration was at 2.8%. The bottom 20% of workers saw the largest real wage gains during the Biden administration. Since January 20, the stock market overall has gone down 1.3% and gas has gone up. The current president said he was going to bring down the cost of living, but costs have not gone down. If this legislation is not passed, it will trigger the largest tax hike because of the 2017 tax cut. Only 12% of hourly workers receive overtime. Only 2.5% of American workers are affected by tips, and only 40% of tip earners file federal taxes. There's no acceleration of economic growth in this legislation because there's not being meaningful cutting of tax rates. Savings were said to be $2,150,000,000,000. Prices are down substantially since February 2025. The stock market, as judged by the S&P, is up on the year.

Ranking member Raskin is creating a "boogeyman" that isn't there. The speaker authored the EPA chapter on project 2020 5, but did not work with President Trump or his campaign. The speaker is not vying for a position in the next administration and now lives in Mississippi. The leading candidate is running away from policy actions that make Americans' lives difficult. Vice President Kamala Harris did not answer when asked if Americans are better off than they were 4 years ago. Most Americans are struggling with expensive gas, electricity, and groceries due to the Biden-Harris Administration's day 1 energy policies. Since January 2021, President Biden, Vice President Kamala Harris, and Congressional Democrats have taken over 250 actions that make it harder to produce energy in America. Actions include stopping the Keystone XL Pipeline, issuing a moratorium on new oil and gas permits on federal lands, greenlighting Putin's Nord Stream 2 pipeline, rejoining the Paris climate agreement, blocking the Twin Metals mine, and slowing permits for LNG facilities.

Joe Biden's economic agenda, known as Bidenomics, is characterized by increased spending, regulation, and higher taxes. However, it has resulted in negative consequences for the American people. Gas prices have reached a record high of over $5 a gallon, inflation is at a 40-year high, and real wages have been declining for 26 months. Additionally, Americans now owe nearly $1 trillion in credit card debt. The cost of housing, electricity, natural gas, and food has also significantly increased. Bidenomics has left one-third of Gen Z and millennials with no savings. In contrast, President Trump's economy saw increased wages, historic low unemployment rates, and significant job creation. Trump's policies benefited various demographics, including African Americans, Hispanic Americans, Asian Americans, and individuals with disabilities. Trump's success on the economy is unmatched by other candidates.

Everyday prices are too high, including food, rent, gas, and back-to-school clothes, which is called Bidenomics. A loaf of bread costs 50% more today, and ground beef is up almost 50%. There's not much left at the end of the month. Bidenomics is working. The price of housing has gone up, and it feels hard to get ahead. The speaker states they are very proud of Bidenomics.

Since Biden and Pelosi took control, the economy has taken a hit. Inflation has risen from 1.4% to 8.3%, mortgage rates have increased from 2.65% to over 7%, and rent prices have gone up by over $400. Real wages are declining, and energy prices have skyrocketed by 15%. This means your income is down and costs are way up. The speaker promises to fire Nancy Pelosi, cut federal spending, and get America back on track.

Wages are up and inflation is down under President Biden, whose record is moving things in a positive direction. However, the high cost of living in the United States remains a challenge. Conversely, it is claimed that costs are not going down, but going up, and inflation is also rising. This is attributed to Trump's reckless mismanagement of the economy.

Kamala Harris is talking about fixing the economy, which they said was booming. To fix it, they want to give more control to the government to control prices and prevent gouging, even though the government created the problem. They shut down the economy and transferred $3.4 trillion from the lower and middle class to the elites, allowing large corporations to grow while wiping out competition. The speaker claims Harris doesn't mention profit margins, net profits, revenues, or inflation. For example, grocery stores with 2-3% profit margins saw revenues increase due to COVID-related inflation, but their profit margin remained the same. The speaker says the government doesn't talk about reducing taxes, regulations, or insurance costs. Gas stations make 3-7¢ profit per gallon, while the government makes 53¢ through taxes and regulations. The speaker concludes that government policies, not businesses, are responsible for price gouging by eliminating competition.

During the Trump administration, the speaker was able to grow his business and open more locations. Under the Biden-Harris administration, the speaker claims his business has been stagnant. He says he has been dealing with rising costs and battling for employee pay, and trying to raise prices to keep up.

Gas prices in America have dropped from over $5 to $3.39 since I took office. To continue this progress, energy companies should lower the cost of a gallon of gas to match the price they pay for a barrel.

The President mentioned that inflation was high when he took office, but it was actually 1.4% in January 2021. The pandemic and supply chain disruptions caused inflation to rise globally. The situation worsened due to Russia's war in Ukraine. The President took action to address supply chain issues, like releasing oil reserves. Progress has been made in lowering costs and managing inflation since then.

The speaker argues that the affordability crises facing Americans are traceable directly to Joe Biden and congressional Democrats. The speaker attributes three specific failures to this leadership, presenting them as causal factors behind rising costs and economic strain. First, the speaker claims that homes have become unaffordable because “we had 20,000,000 illegal aliens in this country taking homes that ought by right to go to American citizens.” This assertion links housing affordability directly to immigration levels and a perceived misallocation of housing resources. Second, the speaker contends that tax bills have become unaffordable because “Democrats were raising taxes while congressional Republicans under president's leadership were now cutting taxes.” In this view, tax policy under Democrats is framed as punitive to ordinary Americans, in contrast to Republican tax reductions during the same period. Third, the speaker asserts that food has become more expensive due to “trillions of dollars” being printed and directed into “green scams that made our agricultural economy suffer while Americans were paying higher prices for food.” This claim connects monetary policy and climate-related or green initiatives with increased food costs. Across these points, the speaker emphasizes a consistent narrative: on each major affordability issue—housing, taxes, and food—the administration’s and Democrats’ policies are presented as the root cause. The speaker concludes with, “On every single one of those issues, mister president, I think we've made incredible progress,” signaling a claim of progress despite the cited problems. The statement implies that while the speaker believes progress has been made, the underlying causes identified for each affordability challenge remain central to the discussion.