Biden Admin’s Runaway Energy Regulations Delivering More Economic Pain
‘As the Administration races to conjure up a market for expensive electric vehicles, growing evidence suggests that its grand plans to leave the most affordable and reliable forms of American energy behind are pushing electric grids to a breaking point… Whether you call it Bidenomics or the Green New Deal, Washington Democrats are presenting working Americans with some tough choices.’
WASHINGTON, D.C. – U.S. Senate Republican Leader Mitch McConnell (R-KY) submitted the following remarks today regarding the economy. Below is the text as prepared for delivery:
“Yesterday’s inflation report did little to help working Americans make sense of Bidenomics. The 3.5% year-on-year jump recorded last month puts cumulative inflation since President Biden took office at 19.4%. Grocery prices are up 21.2%, gasoline prices are up 47.8%, and rent prices are up 20.4%.
“And it’s getting particularly difficult to keep the lights on. The latest 5% jump in electricity prices is just the latest bad news for ratepayers facing overall energy inflation of 38.8% since January 2021. And it’s no wonder why: working families aren’t just up against Democrats’ reckless inflationary spending. They’re also facing the effects of the mountain of devastating regulations rolled out under President Biden’s activist climate agenda.
“He’s ticked his way down a green activist wish-list from cancelling job-creating pipeline infrastructure to freezing LNG export permits to micromanaging home appliances to imposing debilitating emissions standards on automakers and effectively requiring that 2 of every 3 vehicles manufactured for America in 2032 be electric.
“Honestly, it feels like the Biden Administration itself cares less about a grand green future than about making the entire country follow the consumption habits of deep-blue California. And that’s particularly bad news.
“As the Administration races to conjure up a market for expensive electric vehicles, growing evidence suggests that its grand plans to leave the most affordable and reliable forms of American energy behind are pushing electric grids to a breaking point. And grid security experts are warning that ‘overly rigid’ environmental policies are creating significant black out risks across the country.
“Whether you call it Bidenomics or the Green New Deal, Washington Democrats are presenting working Americans with some tough choices. Here’s how one California retiree described it.
Quote: ‘Food has been a worry, but now electricity is the worry. Unless you want to go to candles and firewood, we have no other choice but to bite the bullet and pay.’
“Fortunately, the Senate will soon have another opportunity to pull an emergency brake on the Administration’s runaway regulations – legislation from Senator Crapo to overturn the President’s disastrous de facto EV mandate.
“The tailpipe emissions rule would effectively force American auto dealers to sell 2 EVs for every gas-powered vehicle, even at the inevitable expense of further reliance on Chinese supply chains. And with electric vehicles already piling up at dealer lots across the country due to low demand, it would force American consumers to buy vehicles they don’t want!
“What utter madness. I’m grateful to the senior Senator for Idaho for bringing this legislation to the floor. And I’ll encourage our colleagues to join me in supporting this step to rein in some of this Administration’s worst ideas.”
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