I thank my good friend Mr. Johnson very much, our conference vice chair, for putting this together today. Madam Speaker, as we all know, we have the latest crisis under the Biden administration, known as the supply chain bottlenecks, particularly at our U.S. ports. We have thousands of ships waiting to be unloaded with goods that the consumers of the U.S. have purchased. Now, some of this could be said to have been COVID related due to the manufacturing delays and disruptions in the U.S. and worldwide. But that was the reason for shortfalls last year. This situation has been very much exacerbated by the policies of the Biden administration. You see, in Q4 of 2020, we had a 4 percent GDP growth, which is pretty good, and it was followed by 6 percent in Q1 of 2021, which is very good. Then came along the so-called rescue plan, which every economist worth anything said was three times too high in taxpayer dollars. They continued enhanced unemployment supplement under this plan; spent trillions of taxpayer dollars; extended 100 percent health insurance through COBRA, a further disincentive to work; and sent stimulus checks of $5,600 to families of four. There is something in all of the sciences, Madam Speaker, known as the law of cause and effect, and the effects of these actions have included disincentives to work, rampant inflation, heavy consumer spending, but nobody to make the goods and provide the services. So since the production in the U.S.…
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