President Biden’s Inflation Still Hammering Americans Two Years Later
‘ Democrats’ reckless spending and green energy fantasies are sending our economy deep into the red. For two years straight, Americans have had to tighten their belts just to get by. It’s time for this Administration to wake up and do the same.’
WASHINGTON, D.C. – U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding inflation:
“Last week’s inflation report reinforced what working families across America already know: Washington Democrats’ inflation is still packing a punch.
“Prices climbed 4.9 percent from this time last year. Just in the last month, they accelerated nearly half a percentage point.
“The Biden Administration called the news, ‘welcome breathing room for families.’
“Welcome breathing room? According to the latest data, families have paid thousands of dollars more just to put food on their tables on his watch.
“In Colorado, your average family has paid over $2,000 in additional food costs since 2021.
“In Arizona, those same groceries have cost households $1,800. In Montana, over $1,700.
“And in my home state of Kentucky, families have paid $1,600 more on average since President Biden took office.
“This doesn’t sound like breathing room. Especially at a time when workers’ wages are failing to keep pace with out-of-control prices.
“Meanwhile, confidence in President Biden to do the right thing with the economy is at its lowest point since the Great Recession. That’s hardly surprising when his top economic advisers refuse to even admit there’s a problem.
“The President’s latest pick to lead his Council of Economic Advisors has repeatedly said this Administration didn’t miss a thing on inflation.
“So, while the Biden Administration pats itself on the back for a job well done, let’s remember where we were just two years ago.
“Since the President took office, prices have climbed a staggering 16%.
“Gasoline is up 54%. Electricity is up 22%. Groceries are up 20%. And higher interest rates are making it harder for working families to borrow and save for the future.
“Washington Democrats’ reckless spending and green energy fantasies are sending our economy deep into the red.
“For two years straight, Americans have had to tighten their belts just to get by. It’s time for this Administration to wake up and do the same.”
Related Issues: Democrats' Reckless Taxing And Spending Spree, Energy, Middle Class, Inflation, Senate Democrats, Economy