On the recordSeptember 15, 2022
first, I would like to associate myself with the comments of the Senator from Oklahoma and thank him for all of the work he has done on this. The Abraham Accords are really something to celebrate, something that we should be building on. And there is not a lot of good news right now on a whole bunch of scores, and this is worth celebrating. So commendations on your resolution. Something we shouldn't be celebrating is inflation, and I wasn't invited, but it looks like there was one heck of a party this week at the White House. In case folks missed it, President Biden, Majority Leader Schumer, Speaker Pelosi, and others gathered on the south lawn of the White House on Tuesday afternoon to clink champagne glasses and celebrate the so-called Inflation Reduction Act, passed along straight party lines last month. James Taylor even flew in for the festivities. But at the same time that Washington politicians were patting themselves on the back, here is actual reality--not Orwellian rhetoric, not sort of made-up names for legislation to spend hundreds and hundreds of billions of dollars--here is actual reality: Americans are getting slapped in the face with yet another month of bad news. Core inflation grew another six-tenths of a percent just in the month of August, defying even the most pessimistic estimations and analyses heading into those reporting numbers. Both the Dow and the S&P had their worst day since the very arrival of COVID.…





