In Canada, things a cost a lot more than in America. Canada imposes a lot of anti-business regulations and taxes on businesses. For example, businesses have to pay part of the costs of “free health care” for their employees, and they pass those costs on to consumers. Joe Biden also introduced a lot of government regulations since he became president. And we’re paying for it.

Here’s an article about a new study in the UK Daily Mail:

Joe Biden’s slew of regulations implemented over the course of his two-and-a-half years running the country have cost every American household nearly $10,000.

If the president continues on his current regulation path and is reelected for a second term in 2024, according to the report from the Committee to Unleash Prosperity, Americans could be slammed with a $60,000 increase in costs by 2028.

The study is authored by Casey B. Mulligan, an economist and professor of economics at the prestigious University of Chicago. He also served as chief economist at the White House Council of Economic Advisers.

Here are some of the key findings from the study:

• • As of the end of 2022, the Biden administration imposed new regulatory costs on American households and businesses at a pace surpassing that of the Obama administration during a comparable period.

  • The added costs from these Biden-era final rules, which include both their current and expected future costs, amount to almost $10,000 per household. If regulatory costs continue to rise at the same rate as they did during the Obama administration, the total costs of Biden’s rulemaking over an eight-year period would almost reach $60,000 per household.

  • While the automobile fuel economy and emissions standards contribute the greatest single cost, they still account for only a third of the total regulatory costs. Collectively, health, labor, telecommunications, and consumer finance regulations impose costs that exceed those of automobile regulations.

It looks like the costs imposed by these regulations will get a lot worse, should Biden win a second term. $60,000 per household.

The UK Daily Mail article notes that these costs are separate from inflation, which has also increased during Biden’s first term:

The regulations have contributed to only one part of the massive increased financial burden on Americans since Biden took office, with inflation also impacting consumers’ bottom line.

From Biden’s election in 2020 to current day, inflation has risen a total of 16.45 percent.

Some items are affected more than others – like food and grocery costs.

Americans saw the cost of beef rise at a much faster rate than average inflation with a 20.4 percent increase from April 2021 to April 2022. And in that same time period the cost of chicken went up by 13.4 percent, while eggs went up by 11.2 percent.

I’m really surprised to see Biden polling competitively with Trump and DeSantis in swing states. In my mind, people should notice that their savings are going down, and their debts are going up, and realize that something is going wrong with our laws and policies.

Far-left CNN posted this in May 2023:

Americans’ debt levels continue to climb to new heights at a time when economic conditions are becoming increasingly less stable.

Household debt balances set a fresh record high of $17.05 trillion during the first quarter, growing $148 billion or 0.9% from the fourth quarter of last year, the Federal Reserve Bank of New York reported Monday.

That debt load has spiked by $2.9 trillion since the end of 2019.

During the first quarter, the increases in debt were seen across practically all categories, with larger (and new record) balances for mortgages, home equity lines of credit, auto loans, student loans, retail cards and other consumer loans.

Does anyone know why Biden is polling around 50% versus Republican candidates? I don’t understand why anyone would vote to impoverish themselves and their families. Americans aren’t doing well under his leadership, and we should vote for a change of direction in 2024.