On the recordJuly 12, 2023
We just heard my friend from Nebraska say that Biden wants Bidenomics to be all about restoring the American dream. Well, for most Americans, it is turning out to be a nightmare. Inflation brought on by the Biden administration's misguided policies has Americans trying to figure out how to afford everyday necessities. One thing that they are not buying is the Biden administration's latest catchphrase: Bidenomics. Over the Fourth of July break, I held meetings in 24 of Iowa's 99 counties. There was a very common theme there. That common theme was that families and businesses are struggling with the economic impact of inflation. It is not just Iowans who are feeling the pain from the economy under the Biden administration. According to a recent Associated Press survey, only 34 percent of Americans approve of President Biden's handling of our economy. President Biden's message to these Americans is: Don't believe your bank accounts. Well, that message doesn't resonate. Iowa families are hit with ballooning bills and higher prices at every corner. For 2 years, Iowans have been stretched thin because of decades-high inflation stoked by Democrats' reckless $2 trillion spending spree, a spending spree that would not have happened if they had listened to their own Democratic economists, particularly the outstanding Harvard economist and former Secretary of Treasury in the Clinton administration and economic adviser to other Democratic Presidents.…
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