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US President Biden delivers remarks following assassination attempt on Donald Trump, Washington, USA - 14 Jul 2024

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Over Bidens near-four years in office, inflation is up roughly 20%.

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Under Trump, inflation was up 8%, Moore wrote.

Heres a more detailed look atwhat a Biden presidency could mean for inflation.

Impact Healths Thompson also noted that Bidens massive government spending programs are a recipe for inflation.

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This kind of fiscal irresponsibility risks destabilizing the economy.

Finally, Goss said that Bidens re-shoring of microchip manufacturing will cost taxpayers billions of dollars via corporate giveaways.

These costs are often passed on to consumers in the form of higher prices, he said.

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A more balanced approach that fosters job creation without burdening businesses is necessary.

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