Story thread · 2 reports / 2 sources

The real reason everything is expensive and what you can do

theblaze.com · 4h · first reportShare

Joe Biden has been out of office for almost two years now — so why does everything still feel so expensive? As midterm elections draw nearer, that’s the question on the top of American minds, and BlazeTV host Ron Simmons has some answers. While prices are up, Simmons points out that this all began under Biden, where “prices rose about 21%.” “That’s over 5% a year. And since that time, since the second administration of President Trump, they’ve grown a little over 2% a year, about 2.5% a year,” he explains. “When prices grew to 21%, so if something cost a dollar and then when Biden left it cost a $1.20, it didn’t go back down to a dollar when President Trump got elected,” he says. “What he has done, and his administration have done, is they’ve just reduced how fast it’s increasing,” he adds. Simmons explains that prices will go down when demand goes down. “If you remember back to 2008, 2009, when they had the huge housing crisis, well, in 2007, do you know what interest rates were for m