Resurfaced campaign video shows Biden promise Americans will see ‘costs go down’

President Joe Biden campaigned as a unifying figure who would work to ensure that the standard of living for Americans would increase.

Amid runaway inflation and supply-chain disruptions, however, critics say that his campaign promises included a number of flat-out lies.

Standards of living

One outlet highlighted a video clip from last year in which he vowed that the cost of living would go down under his administration.

“None of you will have your taxes raised,” he declared at the time. “Anyone making less than $400,000 will not see a penny in taxes raised. You’ll actually see your standard of living go up and your costs go down.”

Social media users added to the backlash, with one Twitter user predicting that Biden’s “Build Back Stupid” agenda “will just further destroy” the standard of living for all Americans.

New polling data shows that economic fears have become more common in recent months. One survey last month found that nearly 9 in 10 respondents regarded inflation as a major concern.

Widespread concerns

The same report determined that almost half of all Americans say they could only survive for three months or less on their accumulated savings.

An increasing number of people say their financial situation has become more precarious than it was during the summer. Whereas 17% of respondents indicated in June that they were getting ahead financially, that number dropped by three points as of October.

Among the major causes for concern is a spike in consumer prices, most notably the cost of gasoline. About two-thirds of respondents said higher prices at the pump is a “major problem” for the nation and half said it had become a serious issue for their own household.

Of course, costs are up almost across the board as goods and services of all types have become more expensive.

Not only do items cost more, but supply-chain interruptions mean some goods are increasingly hard to find, resulting in 71% of respondents confirming that they had recently noticed items out of stock on store shelves.

Share on facebook
Share To Facebook

Welcome to our comments section. We want to hear from you!

Any comments with profanity, advocacy of violence, harassment, personally identifiable information or other violations will be removed. If you feel your comment has been removed in error please contact us!

Latest Posts