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Advisor Group chef strategist Phil Blancato and Baird PWM market strategist Michael Antonelli discuss recession fears in the U.S., the Fed's handling of inflation and how investors can navigate the market.

EXCLUSIVE: One year after becoming the first GOP committee or outside group to launch ads taking aim at Democrats over soaring inflation, the National Republican Congressional Committee is coming back for round two.

The NRCC, the re-election arm of the House GOP, on Thursday launched a new digital ad campaign blaming President Biden and congressional Democrats over the rising costs for Americans holiday plans over the long July 4 weekend.

The NRCC says their new ad campaign, which was shared first with Fox News on Thursday, will target 25 House Democrats they consider vulnerable in Novembers midterm elections, when the GOP needs a net gain of just five seats in the 435-member chamber to win back the majority.

"Last year was the most expensive Fourth of July ever. This year, its even worse," the narrator in the spots emphasized.

FOURTH OF JULY BBQ PRICES UP $10 FROM A YEAR AGO

The ad then noted how the prices of buns, burgers, propane, and gas have skyrocketed.

"Democrats harmful economic policies are making everything more expensive and theres no end in sight," the narrator charged before urging those viewing the ads to tell the House Democrat being targeted that "we cant afford this."

The ads are taking aim at Democratic Reps.Josh Harder (CA-09), Julia Brownley (CA-26), Katie Porter (CA-47), Mike Levin (CA-49), Sanford Bishop (GA-02), Cindy Axne (IA-03), Frank Mrvan (IN-01), Jared Golden (ME-02), Kathy Manning (NC-06), Andy Kim (NJ-03), Tom Malinowski (NJ-07), Melanie Stansbury (NM-01),Teresa Leger Fernandez (NM-03), Dina Titus (NV-01),Susie Lee (NV-03),Steven Horsford (NV-04), Marcy Kaptur (OH-09),Chrissy Houlahan (PA-06),Susan Wild (PA-07), Matt Cartwright (PA-08),Vicente Gonzalez (TX-15),Henry Cuellar (TX-28),Elaine Luria (VA-02),Abigail Spanberger (VA-07) and Jennifer Wexton (VA-10).

CLICK HERE FOR LATEST FOX BUSINESS REPORTING ON SOARING INFLATION

Last July 4 holiday weekend, the NRCC became the first GOP committee or allied outside group to launch ads targeting House Democrats over rising consumer prices.

A gas tank driver delivers 8,500 gallons of gasoline at an ARCO gas station in Riverside, Calif., Saturday, May 28, 2022. (AP Photo/Damian Dovarganes) (AP Photo/Damian Dovarganes / AP Newsroom)

"Democrats promised theyd get record inflation under control, but prices have only gone higher," NRCC chair Rep. Tom Emmer argued. "This year's 4thof July is the most expensive in history, and voters know Democrats are to blame."

The NRCC says their new digital spots are backed by a modest five-figure ad buy.

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While the NRCC continues to blame Democrats for surging gas prices, the Democratic Congressional Campaign Committee (the NRCCs counterpart) keeps pointing fingers back at House Republicans.

"The Democratic Party is the only party in Washington fighting to solve problems and bring meaningful change to peoples lives. Democrats priority is lowering costs for working families, while Republicans priority is to win power by playing politics and siding with wealthy corporations," DCCC spokesperson Chris Taylor charged last month.

Originally posted here:
House GOP re-election arm targeting Democrats over Most Expensive 4th of July Ever: Part II - Fox Business