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  • 2 months ago
WATCH: Vice President JD Vance delivers a stark breakdown of the economic 'nightmare' inherited from the Biden administration, laying out inflation spikes, supply chain chaos, and job market distortions in a fiery address. From skyrocketing grocery bills to energy crises crippling families, Vance pulls no punches on what he calls 'four years of Democrat mismanagement' now being reversed under President Trump.
Transcript
00:00I'm a little surprised by when the Democrats talk all the time about affordability.
00:08Democrats say, you know, things aren't affordable. This isn't affordable. This has gotten more
00:13expensive. Drugs have gotten more expensive. Housing's gotten more expensive. And you know
00:18what? They're right. And it was because of them. It ain't that hard. If you go back to the four
00:25years of the Biden administration, why did housing get so expensive, double in price during the Biden
00:31administration? It's because Joe Biden let in 20 million illegal immigrants who took homes that
00:37all by right go to American citizens and to the people of this great state.
00:46When we talk about why did health care get so unaffordable during the Biden administration,
00:51it's because Joe Biden allowed prescription drug companies to take advantage of this country.
00:58You know, Europeans were paying way less for prescription drugs than our American citizens.
01:03It took Donald J. Trump to haul those pharmaceutical executives into the Oval Office and say, no more.
01:08Europe's going to pay more for drugs and America's going to pay less for drugs because we got to fight
01:13for the American people for a change. Why have rents gone down for four consecutive months? And I know
01:23they're still too high, but why have rents gone down for four consecutive months? Because we were
01:28starting to get those illegal aliens out of the United States of America. Those criminals, those gang
01:34members, those people who are taking homes that all by right go to the people in this room and your
01:39children and your grandchildren. It's simple economics. If you have fewer people, fewer illegal
01:45aliens trying to buy homes, that means American citizens are going to finally be able to afford
01:50a home again. It's very, very simple economics. When you ask, why is it that we have trillions of
01:57dollars of new investment coming into the United States of America? Because we finally got a president
02:02who says, if you're going to build an America, if you're going to invest in America, we're going to make
02:07it easy for you. But if you're not going to build anything in America, if you're going to try to
02:11ship an American job overseas, then we are going to penalize you for doing something overseas that
02:17you ought to do in the United States of America. That's why we've got so much money coming in.
02:26So if you look at every single affordability crisis that we talk about in the United States
02:32of America today, it's because we inherited a nightmare of an economy from Joe Biden,
02:38the highest peacetime debt and deficits in the history of the United States of America,
02:43that blows the door off inflation.
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