Apparently, JD Vance thinks so.*
To not go all anecdotal right here, however in 1981, I purchased my first automobile, a brand-new Mazda GLC hatchback, for $5770. In 2024 {dollars}, that’s $20,000. It had no radio, no air-con and no passenger-side solar visor.
My most up-to-date automobile buy was a 2013 Honda Match four-door, which I purchased for $15,000. It has a radio and CD participant, cruise management, air-con, entrance and side-door air baggage and each driver- and passenger-side solar visors. So far more automobile for much less cash (actual {dollars}).
Kevin Drum has a submit with precise, you recognize, information. He plots the common value of a brand new automobile as a p.c of common family earnings and reveals that the trendline has been flat for over 30 years.
JD Vance isn’t simply bizarre, he’s unmoored from actuality. Whereas that makes him a superb match for the Trump ticket, he’s not the form of Vice President America wants.
*What Vance really stated was “Thanks to Kamala Harris’s spending policies, the average new car costs nearly $50,000 a year.” Not solely does a mean new automobile not value $50K/yr, however the VPOTUS doesn’t set spending insurance policies. If Biden dedicated a gaffe like that, there could be bleats all around the MSM that he ought to step down due to dementia.
