On the recordJuly 12, 2023
I join my colleagues on the floor to talk about Joe Biden's economy. Over the past few weeks, the President has traveled across our great country. He has been giving speeches on what he calls Bidenomics. He is bragging about how good our economy is. I have got news for the President: The American people aren't buying what you are selling. Two-thirds of the American people disapprove of him on the economy-- two-thirds. Three out of four Americans say our country is on the wrong track. Most economists think we are going to have a recession within the next year. We all hope that doesn't happen. Nevertheless, I agree with the American people. Bidenomics has been a disaster, a complete disaster, for the people of this country. When Joe Biden took office, this economy was ready to take off. We were opening back up after the pandemic, but obviously Joe Biden took credit for that too. The Congressional Budget Office said the economy didn't need any stimulus--no more money. We were expected to fully recover within just a few months. Guess what. Our President didn't listen. He signed the biggest stimulus bill in history. Joe Biden spent $2 trillion that we didn't need. It wasn't paid for. We didn't have the money, but we approved it anyway, in this room. That $2 trillion is going straight to the national debt--$32 trillion. Embarrassing. Even the Democrats' own experts warned them not to do this.…
Source
govinfo.gov




