In 2023, President Joe Biden promoted his economic policies, branded as "Bidenomics," asserting that they had successfully guided the economy and American workers toward recovery from the pandemic. During a rally at the Philly Shipyard, he highlighted the creation of 13 million jobs and improvements in wage growth. However, public sentiment did not align with his optimistic portrayal, as many Americans were grappling with rising costs of living.

Inflation surged following the pandemic, driven by increased demand and substantial stimulus measures implemented during the COVID-19 crisis. By the time Biden addressed workers in Philadelphia, the cost of goods had risen approximately 17% since he took office, with projections indicating a further increase to 21% by the end of his term. Polls indicated that inflation and economic conditions were top concerns for voters, and Biden received low approval ratings regarding his handling of these issues.

Despite acknowledging some economic improvements, Biden's messaging often downplayed the severity of the cost-of-living crisis. He noted that inflation had decreased over the previous year, but this followed a significant rise that marked the highest inflation rates in four decades. His assertion that the U.S. had the lowest inflation rate among major economies was met with skepticism from the public, who continued to face daily financial pressures.

Former President Donald Trump capitalized on these economic concerns during his 2024 campaign, positioning himself as a candidate who would address affordability issues. He promised to reduce prices significantly upon taking office. However, inflation rates remained high, and his economic policies, including increased tariffs on imports, contributed to rising consumer costs. Public approval ratings for Trump's economic management mirrored Biden's, with many Americans believing that his policies had worsened economic conditions.

Trump's focus on political ambitions rather than urgent economic concerns has drawn criticism. Republican lawmakers are feeling the pressure, recognizing that Trump's tendency to blame Biden for economic issues may jeopardize their reelection prospects in the upcoming midterms. Representative Brian Fitzpatrick from Pennsylvania emphasized the need for legislation aimed at reducing living costs for those most affected.

The Senate is anticipated to vote soon on extending subsidies for Affordable Care Act programs, which are set to expire. Failure to act could result in millions facing significantly higher premiums or losing coverage altogether. Trump's dismissive remarks regarding the affordability crisis, labeling it a "Democrat scam," contrast sharply with the lived experiences of voters facing rising expenses.

Polling indicates that a majority of Americans believe Trump's policies have worsened economic conditions, with only a minority approving of his economic management. This disconnect raises questions about whether Trump and his affluent administration are out of touch with the economic realities faced by many citizens.

As Congress approaches the holiday recess, the chances of reaching a consensus on health care reform appear slim. Many individuals have already made their health care budget decisions for the upcoming year, leading some Republicans to argue that extending subsidies is the only viable option. Trump's attempts to connect with voters on economic issues often fall short, as he struggles to acknowledge the political significance of affordability.

While Trump continues to assert that the economy is thriving, inflation rates have recently increased, contradicting his claims. His administration's focus on courting corporate interests has not translated into tangible benefits for working Americans, who remain skeptical of the administration's commitment to their economic well-being. As the political landscape evolves, the economic realities confronting American families will likely play a significant role in shaping voter sentiment and electoral outcomes in the upcoming midterm elections.