As many as American workers feel Biden-Harris economy's negative impact on some of America's biggest job creators fear Four more years of these economic policies will destroy the American Dream for millions of workers.
We are convinced that unchecked government spending, inflationary policies, high interest rates, open borders, and now socialist price controls will make things exponentially worse. And make no mistake, Kamala Harris is just as responsible as Joe Biden for the destructive results of this Administration's policies.
Progressives can ridicule Trump’s “billionaire pals” all they want, but their class war rhetoric does nothing to improve the lives of American workers.
As vice president, Harris Tiebreaking vote He supported trillions of dollars in budget deficits, helping to drive inflation to its highest levels since the “stagflation” of the 1970s and early 1980s. The Administration's unprecedented budget deficits amount to a cruel, hidden tax on the future incomes of the middle class, the bedrock of the American economy. Prices have risen by more than 20% since Biden and Harris took office, with basic necessities like gasoline, groceries and rent rising even more.
As a result of this inflation, real wages Approximately 4% decrease It's higher than it was in January 2021. In other words, Biden and Harris went on a spending spree and American workers got their pay cut.
Falling wages hurt working Americans and their families and threaten the long-term health of our entire economy: When people spend 70% of their income on food, shelter, and energy, there’s little money left to feed their families and revitalize the overall economy.
Small businesses that rely on consumer spending, like my namesake Papa John's Pizza restaurant franchise, will be the first to feel the effects of declining real revenues, and the economic decline will spread quickly from there.
In a major economic speech in North Carolina, Kamala Harris argued that price controls could fix the economy she and Joe Biden have led for nearly four years. But history shows that price controls only make things worse. If we don't address the root causes of inflation, they create artificial shortages, which inflate prices, fuel black markets, and criminalize ordinary people just trying to feed their families.
Job creators understand this all too well, which is why so many of America's iconic founders and business leaders across the political spectrum, including major Democratic donors, are lining up to support Donald Trump in this election.
This includes the CEO of Blackstone. Stephen SchwartzmanHedge fund manager supports abortion rights Bill AckmanA longtime Democrat who has donated large amounts of money to Democrats including Barack Obama, Chuck Schumer, Beto O'Rourke and Pete Buttigieg.
Technology Entrepreneur David SachsHe donated $70,000 to Hillary Clinton's campaign in 2016 and is now one of Donald Trump's top fundraisers.
Activist Investors Paul SingerHedge fund entrepreneur Ken Griffin, an outspoken supporter of LGBT issues, has donated millions of dollars to support Democratic candidates and causes, including the Obama Foundation and Chicago Mayor Rahm Emanuel's campaign. He recently met with Trump to discuss donations to his campaign.
And Elon Musk, once a staunch Democrat, has essentially turned the tide in recent years. Expelled from the partyNow he's a vocal supporter of President Trump and calls on other former Democrats and independents to do the same.
Progressives are skeptical of President Trump's “Billionaire's buddy” They can say all they want, but their class war rhetoric does nothing to improve the lives of American workers, many of whom have never made a payroll in their lives, but what they don't understand is that founders and entrepreneurs want workers at all levels to succeed, because that's how they themselves succeed.
This economy is devastating working families, and if we continue on this path, we will not be able to sustain the vision and risk-taking required of American innovators and job creators. Successful liberals are leaving the Democratic Party because they recognize how harmful the Biden-Harris Administration's policies have been and fear the consequences of repeating those same policies.
Many founders, myself included, have declared that Donald Trump's proven policies are by far the best option in this election. With workers feeling the pain of this economy and job creators fearing another four years of this, it's time for all of us to stand up and do the right thing to restore the American Dream.
