Catskill, NY – President Joe Biden and Josh Riley's (D-Washington, D.C.) policies of more spending, canceling student loans, and their Green New Deal energy policies have made inflation, and now we are learning about the costs of their extreme policies.
According to a new report, under President Biden’s watch, the average American has lost $34,000 in their retirement account, along with having more money for groceries, household goods, and gas.
“President Biden and Josh Riley’s economic policies have been a disaster, and the average American has lost $34,000 from their agenda that has made the inflation crisis worse and the cost of gas more expensive,” said Will Dawson, campaign manager for Marc Molinaro. “While this might be a drop in the bucket to millionaires in Washington like Josh Riley, this is real money for working-class families, and it’s why Marc Molinaro will work on solutions to reduce inflation and rising interest rates.”
Average American is losing $34K and everything else on Biden’s watch. “Most of the 150 million Americans with one form or another of retirement savings have invested the majority of those tens of thousands of dollars in stocks. … The average 401(k) plan had over $135,000 at the start of this year. Today, those assets have shrunk on average to about $101,000. In other words, the average 401(k) plan is down about $34,000 — more than 25% in less than one year!” (New York Post, 10/17/22)
Josh Riley donated to Joe Biden and is a supporter of his liberal tax-and-spend policies that have made inflation worse. (FEC, 06/25/20)