Vice President JD Vance criticized Democrats for repeatedly highlighting affordability concerns, arguing that rising costs for housing, health care, and everyday expenses are the direct result of policies enacted during the Biden-Harris administration.
Speaking about the economy, Vance said current challenges were inherited and that recent improvements reflect a shift toward policies prioritizing American workers, energy production, and domestic investment.
Vance said he was struck by how often Democrats emphasize affordability while, in his view, ignoring the causes behind higher prices.
“And I got to say, I’m a little surprised. I’m a little surprised by when the Democrats talk all the time about affordability,” Vance said.
“Democrats say, you know, things aren’t affordable. This isn’t affordable. This has gotten more expensive. Drugs have gotten more expensive, housing has gotten more expensive. And you know what? They’re right? And it was because of them. It ain’t that hard.”
Vance pointed specifically to housing costs, noting that prices surged during the four years of the Biden-Harris administration.
He attributed that increase to immigration policies he said strained housing supply.
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“If you go back to the four years of the Biden administration, why did housing get so expensive? Double in price during the Biden administration, it’s because Joe Biden let in 20 million illegal immigrants who took homes that all by right, go to American citizens and to the people of this great state,” Vance said.
He also addressed rising health care costs, arguing that Biden-era policies allowed pharmaceutical companies to charge Americans significantly more than consumers overseas.
“When we talk about, why did health care get so unaffordable during the Biden administration, it’s because Joe Biden allowed prescription drug companies to take advantage of this country,” Vance said.
“You know, Europeans were paying way less for prescription drugs than our American citizens.”
Vance contrasted that with actions taken by President Donald Trump, describing direct engagement with drug executives.
“It took Donald J Trump to haul those pharmaceutical executives into the Oval Office and say, No more,” Vance said.
“Europe is going to pay more for drugs and America is going to pay less for drugs, because we got to fight for the American people for a change.”
Turning back to housing, Vance said recent declines in rent prices reflect changes in immigration enforcement.
“Why? Have rents gone down for four consecutive months? And I know they’re still too high, but why have rents gone down for four consecutive months?” he asked.
“Because we were starting to get those illegal aliens out of the United States of America, those criminals, those gang members, those people who are taking homes that ought, by right, go to the people in this room, and your children and your grandchildren.”
Vance framed the issue as a straightforward supply-and-demand problem.
“It’s simple economics,” he said.
“If you have fewer people, fewer illegal aliens, trying to buy homes, that means American citizens are going to finally be able to afford a home. Again. It’s very, very simple economics.”
He also credited changes in trade and investment policy for what he described as a surge in domestic investment.
“When you ask, why is it that we have trillions of dollars of new investment coming into the United States of America, because we finally got a president who says, If you’re going to build in America, if you’re going to invest in America, we’re going to make it easy for you,” Vance said.
He added that companies moving jobs overseas would face consequences.
“But if you’re not going to build anything in America, if you’re going to try to ship an American job overseas, then we’re going to penalize you for doing something overseas that you ought to do in the United States of America,” Vance said.
“That’s why we’ve got so much money coming in.”
Vance said the administration inherited what he described as severe economic conditions from Biden, including record debt, inflation, and energy costs.
“So if you look at every single affordability crisis that we talk about in the United States of America today, it’s because we inherited a nightmare of an economy from Joe Biden,” he said.
“The highest peacetime debt and deficits in the history of the United States of America. That blows the door off inflation, the highest energy prices in the history of the United States of America.”
He emphasized the role of energy policy in lowering costs, particularly fuel prices.
“We are in one of the great energy regions in the entire world, not just in America, in the entire world,” Vance said.
“You know why energy prices are lower? You know why gas prices have come down so much? Because we finally got an American president who wants to invest in American energy and American workers instead of green energy boondoggles that are produced overseas.”
Vance concluded by expressing optimism while acknowledging ongoing challenges.
“So on all these things, my point, ladies and gentlemen, is that we are making progress,” he said.
“And I never forget where I come from. I never forget who I serve, and I know that there is so much more progress to be made.”
WATCH:
.@VP slams Democrats on the issue of affordability: “Democrats say, ‘This isn’t affordable… housing’s gotten more expensive.’ And you know what? They’re right — and it was because of THEM.”
“You know why gas prices have come down so much? Because we finally got a @POTUS who… pic.twitter.com/CX9WOquV1O
— Rapid Response 47 (@RapidResponse47) December 16, 2025
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