Jim Jordan: “Remember when markets were very expensive when the Republicans were in power?”

It reminded me. Jim Jordan (R-OH) told Americans on Monday that prices were lower as Republicans took control of Washington DC, leading to a stark conflict between the two parties as the midterm elections loomed.

“Remember how expensive the markets were when the Republicans were in power? Number! ‘ cried Jordan.

Remember when markets were so expensive when the Republicans were in power?

Number!

– Representative Jim Jordan (@Jim_Jordan) 27 June 2022

His statement came at a time when America was experiencing 41 years of high inflation, and because most Americans view inflation and the economy as major concerns ahead of the midterm elections. In addition, most Americans admit their “concern” about their ability to pay for “everyday things”:

Overall, 65% said they were “concerned” about their ability to pay for “everyday things” and 66% said they were “concerned” about their ability to “holiday or travel”.

Nearly three-quarters, or 73 percent, said they were “concerned” about their ability to buy “expensive things,” and another 73 percent said they were “concerned” about their ability to save money now.

These concerns are consistent with reports of July 4th staple food prices rising 17 percent each year, according to a survey by the American Farm Bureau Federation (AFBF):

The average cost of a 10-person summer picnic is $69.68, which is less than $7 per person. The total cost of cooking in Ukraine increased by 17%, or about $10, compared to last year, due to continued disruption in the supply chain, inflation and war.

Individual degradation is even worse. For example, two pounds of ground beef increased 36 percent and two pounds of boneless chicken increased 33 percent. In addition, 32 ounces of pork and beans were up 33 percent, while three pounds of medium pork chops were up 31 percent. Lemonade, another summer product, rose 22%.

“Despite high food prices, supply chain disruptions and inflation have made agricultural products more expensive; “Like consumers, farmers are price takers, not producers,” AFBF Chief Economist Roger Cryan said in a statement.

As a result, the high price paid to farmers in most cases does not cover the increase in agricultural costs,” he said. “Fuel prices went up and fertilizer prices went up.”

Not even before these trends. A CBS News/YouGov poll in April found that 53 percent of Americans had to cut back on food and groceries due to rising prices.