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We're celebrating the one-year anniversary of the Inflation Reduction Act, a groundbreaking legislation that is the largest investment in clean energy and climate action in US history. Some economists argue that the decrease in inflation is not directly linked to the IRA, and the estimated cost of the climate investments has risen to at least $1.4 trillion. Despite some confusion, the bill has already shown positive effects, with reduced healthcare costs through utility rebates and consumer tax credits. President Biden's administration has prioritized lowering healthcare costs, including prescription drug costs, which are a major concern for families. However, there are concerns that the bill does not specifically address everyday expenses like groceries and gas.

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"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."

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President Trump and his administration are doing a great job, a big difference from his first term. Inflation is coming down to 2.4%, energy costs are down 20%, and eggs are down 59%. Gas is down 59% in Rome, Georgia, and airfare is down 9%. Hartsfield-Jackson Airport had its busiest week over Easter, even pre-COVID. Jobs are up 228,000, and Trump is using tariffs to create a fair playing field for American workers. Tariffs are leveling the playing field for Georgia farmers. Georgians care more about Georgia-based companies and jobs, not importing foreign companies and labor. A battery plant in Cartersville will bring in over 200 families from South Korea. Georgia should support its own companies instead of luring in foreign companies. Georgia should eliminate its state income tax to stop losing residents to Tennessee and Florida.

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A year ago, it took an hour of work for a middle wage worker to get 5.5 gallons of gas, but now they can get 8 gallons. This is a 40% improvement. However, the current gas price is around $3.60 per gallon, compared to $2.39 when Biden took office. So, in less than 2 years, we are in a worse place. The speaker admits that things are worse than before, indicating a pretty bad situation.

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We will eliminate taxes on overtime and tips, and significantly reduce energy prices. Wages will rise, and the cost of living will decrease, leading to an unprecedented economy. On November 5th, we will revitalize our economy, support the middle class, secure our borders, and prioritize America. The middle class is struggling, with prices for essentials like bread and ground beef rising dramatically since the pandemic. I stand with you, committed to fighting for your needs and achieving victory for our future.

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Biden's America is shown in a grocery store with high prices: $6.19 for Lay's potato chips and $12 for ground beef before discount.

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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.

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When Joe Biden and Kamala Harris took office, over 10 million jobs had been lost during the height of the pandemic, and hundreds of people were dying daily due to COVID. The economy had crashed, in large part due to Donald Trump's mismanagement of the crisis. Their highest priority was to rescue America. Inflation is now under 3%, and America recovered faster than any wealthy nation. However, grocery prices are still too high. Harris's agenda includes bringing down the price of groceries by dealing with issues like price gouging.

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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.

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Donald Trump governs financially better than Joe Biden. Inflation is not a global issue due to COVID supply chain disruptions. Prices for gas, groceries, and dining out have risen since Trump left office, attributed to Biden's regulations on industries. Trump would remove regulations to provide relief to Americans.

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We didn't have these problems before. I had no inflation, and the economy was great. Now, prices are high, and you couldn't even buy bacon. The price of eggs was also very high when I inherited the situation. But now, the price of eggs has come down a lot. Interest rates have come down, and gasoline prices have come down. It's all coming down. It's a beautiful thing. We're doing it the right way. I have tremendous confidence in this country and its people. Much more confidence than if I just sat back for four years and enjoyed myself in the Oval Office.

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Americans can expect higher prices for Thanksgiving due to inflation under President Biden's administration. Since taking office, food prices have risen over 17%, with frozen vegetables and uncooked beef steaks up almost 11%. Even sauces and gravies have increased by 7.5%. The consumer price index rose at an annual rate of 3.2% in October, and the inflation we've already experienced has not been resolved. A recent poll shows that two-thirds of adults have seen their household expenses rise, and 73% describe the national economy as poor. Only 21% believe their financial situation has improved under Biden. Single subject spending bills are advocated as a solution to cut spending, as opposed to continuing resolutions and omnibus bills. The Biden administration's claim of a 16¢ decrease in food costs has proven untrue.

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The U.S. can no longer continue a policy of unilateral economic surrender. Donald Trump intends to punish anyone outside the country producing goods that America should produce for itself, raising revenue and protecting American jobs. Trump's game is "America First," and he claims to have the backbone to get it done. This is a proven economic formula. Mortgage rates and inflation have come down, with trillions of dollars in investment and companies expanding operations, creating nearly a quarter of a million new jobs. Consumer prices dropped, which never happened under Joe Biden. Inflation is at 2.4%. The dollar is shooting up over 2,000 points. Energy costs, groceries, and gasoline are down, with gasoline way under $3. This is described as the most aggressive effort at pro-American growth in American history.

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Energy costs and gasoline prices are way down. Grocery costs are also coming down, and the country is finally getting costs under control. No one wants to talk about it because the news is so positive. The price of eggs has plummeted by 50%, but no one has written about it yet.

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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.

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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.

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When this president showed up to the White House, the six month annualized core inflation rate was 3.7%. Today, six months later, the six month annualized core inflation rate is 2.4%. Inflation will be tracking at 1.9%. And then I would also point to that report this morning showing that small business optimism has reached a five month high. We inherited an economic mess from the previous administration, but this administration is focused on fixing it every day. And part of that is signing the largest tax cuts into law to put more money back into the pockets of these small business owners.

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The US is facing record inflation, the worst in 30 years, due to increased prices on essentials like bread and gas. The Build Back Better agenda aims to reduce living costs by making childcare and elder care more affordable and accessible for working families. This plan will be funded without additional costs to taxpayers.

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President Trump and his administration are doing a great job, a big difference from his first term. Inflation is coming down to 2.4%, energy costs are down 20%, and eggs are down 59%. Gas is down 59% in Rome, Georgia, and airfare is down 9%. Hartsfield-Jackson Airport had its busiest week over Easter, even pre-COVID. Jobs are up 228,000, and Trump is using tariffs to create a fair playing field for American workers. Tariffs are leveling the playing field for Georgia farmers. Georgians care more about Georgia-based companies and jobs, not importing foreign companies and labor. A battery plant in Cartersville will bring in over 200 families from South Korea. Georgia should support its own companies instead of luring in foreign ones. Georgia should eliminate its state income tax to stop losing residents to Tennessee and Florida.

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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.

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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.

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A loaf of bread costs 50% more today than before the pandemic. Ground beef is up almost 50%.

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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.

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Inflation has steadily cooled over the past two years despite seeing a slight stall in October and November 2024. Prices for items like gasoline, used cars, and energy have declined accordingly. But food prices continue to outpace inflation, increasing by 28% since 2019. Eighty six percent of consumers reported feeling frustrated with rising grocery prices, and over a third said they have resorted to buying fewer items to save money. That's one of the real gauges people have of their cost of living because it's an important aspect of their cost of living, and it's something that we have a lot of exposure to. We go to the grocery store. We pick up the different products. We look at the prices.

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Krystal And Saagar's THANKSGIVING Dinner Advice

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On this Thanksgiving edition, Krystal and Saagar survey how inflation reshapes family chats, noting the cost of a traditional dinner and how price moves differ across states, while debating the idea that simply relocating can solve affordability. They reference a Council on Economic Advisors claim that blue states carry higher inflation and argue policy should ease burdens for people who want to stay where they grew up. The conversation broadens to housing, data centers, and the overall sense of precarity around everyday expenses, with a breakdown showing small increases in several Thanksgiving staples but a notable 40% jump in cranberry products and cheaper turkey and pie mix offsetting some of the rise. The hosts pivot to culture and travel, critiquing airline service and fashion at the airport, then riff about Epstein, the media, and the value of finding common ground across political lines during holiday meals, before closing with a light AMA tease and Baja Blast pie antics.