20230629 - Liberty Minute
Let's talk Biden-conomy
I'm Peter Serefine with another Liberty Minute.
Resident Biden and his team are standing behind their economic record as Biden kicks off his re-election campaign. Let's talk about some numbers.
$2.39 was the price of a gallon of regular gasoline on inauguration day, 2021.
$3.56 was the average price yesterday. That is a $1.17 or 49% increase which costs the average driver an additional $525 per year.
So, Biden-conomy is not good on gasoline.
2.65% was the rate for a 30-year mortgage when Biden took office.
7.51% is the 30-year fixed rate today. That is a 283% increase that costs home buyers and extra $528 per month on a $100,000 mortgage.
Add those together and the Biden-conomy costs the average home buyer with a car an extra $6861 per year.
Sure, unemployment is down, but Biden-flation is robbing all of us.
Remember to listen to what a politician doesn't say.
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Until next time, si vis pacem, Para bellum
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