On the recordOctober 20, 2021
Mr. President, I rise today to talk about the harmful impacts that President Biden's policies are having on the global supply chain and consumer energy prices. Americans today are facing the highest increase in costs for goods and services in over a decade, with inflation now more than 5 percent and rising. Similarly, our workforce participation rate is stagnant. There are still 4.3 million fewer workers today than there were in February of 2020. Nationally, there are more than 10 million job openings--more than in any other year. Record high job openings, coupled with rapidly increasing consumer demand, is causing disruptions to global supply chains and further increasing costs, increasing inflation. Rather than working to spur economic growth, encourage workforce participation, and return our economy to growth, as we saw with the last administration, President Biden and the Democrats in Congress are focused on raising taxes and enacting harmful, job-killing policies. A prime example of what I am talking about--harmful policies being pushed by the Biden administration--is the Green New Deal that will hinder domestic energy production and increase the expense for every American household. Affordable and reliable energy is foundational to our economy, quality of life, and national security. Across the country and in my home State of North Dakota, we are seeing energy prices rise across the board.…





