David Schweikert: “Forgive my getting organized. The floor has been moving a little faster than we expected. Mr. Speaker, I am going to try…”

“Forgive my getting organized. The floor has been moving a little faster than we expected. Mr. Speaker, I am going to try a couple of things and try not to bore everyone out of their minds over the next hour. Some of what I am going to touch on is going to be a little technical. Part of it is really cranky. I have a number of different boards, and they are going to try to hit different points in different orders. I will beg of staff, help me sort of get them all stacked up right here, if we could. First thing, I want to go to geek town for a moment. Just to put this in perspective, I have come to this floor since January talking about inflation. Now, how many of you remember the discussions we were all having--actually, it would be more had at us--that inflation was transitory. Now, they sort of apologize--the Federal Reserve, the Treasury Secretary Yellen, hopefully the White House, though the White House seems to be disconnected from reality--that it is not transitory. If you saw the numbers that came out last Thursday, Friday, we have something called structural. What does that mean to anyone? Does this place even care to understand? First, let's do the first bit of geeky. When you hear a discussion that the yield curve is inverted, how many of you immediately reach over to your television and say, ``Oh, God, I have the wrong channel on,'' and turn it off? It is not that complicated. It is a way of people using big words to try to sound smart.…”