To the Editor:
A simple test to determine if government is managing the economy for you is answering the question, “Are you better off now than you were two years ago?”
If the answer is “yes”, then those leaders should stay in power and you will be better off. If the answer is “no”, then those leaders should be voted out, because their policies are hurting you.
Let’s look at different facets of affordability for the middle class in Iowa based on October 2024 vs. October 2026 prices:
Inflation: 2.6% vs. 3.7% (up 42%) - U.S. Bureau of Labor Statistics
Ground beef prices: $5.59 vs. $6.79 (up 21.5 %) - U.S. Bureau of Labor Statistics
Median Sales price for single-family homes: $250,000 vs. $262,500 (up 5%) - Iowa Association of Realtors
30-year mortgage Interest rates: 6.5% vs. 7.5% (up 15.4%) - Iowa Mortgage Rates
Electricity: $0.11675/kw vs. $0.13398/kw (up 14.7%) - Alliant Energy