David Schweikert: “Just getting ourselves set up. I was going to yield some time to a fellow Member for a moment, but I think that Member…”

“Just getting ourselves set up. I was going to yield some time to a fellow Member for a moment, but I think that Member has disappeared. We are going to try something tonight. And for anyone watching and listening, if you don't like lots of geeky conversation and lots of math, this isn't your night to watch. We are going to try to walk through a handful of concepts. One is one we have been discussing with our economic team. Look, I am blessed to be on Ways and Means, but I also am the senior Republican for Joint Economic. I have a handful of Ph.D. economists, and we have been sort of trying to understand what the Federal Reserve is doing on inflation and why it is becoming so difficult to crush inflation in our society and in our economy. Then we are going to walk through some numbers so there is an absolute understanding of what has happened, particularly to the working middle class in this country, demonstrate how much poorer they are today than even a couple years ago in purchasing power and the reality of just how devastating inflation is to people, people that save, people that tend to have a retirement, actually people who are just trying to make a living and survive. We are going to show some charts just demonstrating how much poorer Americans are.…”