Commentary
Since President Joe Biden has taken office, his administration has claimed some significant achievements. In fact, the White House issued a document touting Biden’s accomplishments despite high gas prices, high inflation, rising crime, unemployment, and record government debt.
According to the White House, one of Biden’s successes was lowering the costs of families’ everyday expenses through the Inflation Reduction Act. Inflation, which exceeded 9 percent earlier this year, is still 7.7 percent—a figure two to three times the Federal Reserve’s usual target. This level of inflation has not been seen in decades. In addition to general inflation, gas prices hit $5 per gallon in June. The price has since come down but is still about 50 percent higher than in 2020….