On the recordSeptember 14, 2022
My colleagues tempt me to wander afield from what we have come here to talk about since they want to talk about seemingly everything else. So let me try to respond to a few of the points that have just been lobbed in our direction. First, they seem to want to assign responsibility to the President of the United States for the inflation rate. But then, surely, they will assign responsibility to the President of the United States for the unemployment rate, which now stands at around 3.5 percent, the lowest unemployment rate in 50 years. You have got to go back a half century to find the kind of job situation that President Biden has brought to the United States of America. Last week, we learned that payroll employment is up by 315,000 in the month of August alone. Since President Biden came into office, we have added 668,000 manufacturing jobs. Now, it is true the President has been fighting inflation ever since he got into office. Why? Well, the economy started to come roaring back--not just in America, but all over the world in the wake of the pandemic. So we saw a tremendous demand with broken supply chains. So what happens under the law of supply and demand? The prices go up. But, unlike our colleagues who seem to want to chortle about it and use it as a campaign talking point, President Biden and the Democrats have been acting to bring inflation down. Every single day.…





