Political Quotes

On the recordFebruary 8, 2022
Mr. President, I don't need to tell anyone--except perhaps the Democratic Party here in Congress--that our country has a major inflation problem. The first year of the Biden administration has been characterized by a huge increase in inflation. Inflation is currently at a 40-year high. Let me just repeat that. Inflation is currently at a 40-year high. The last time inflation was this bad, ``E.T.'' was just premiering in movie theaters and ``Return of the Jedi'' hadn't even come out yet. Inflation is so bad that despite wage increases in 2021, Americans saw a de facto pay cut. A December survey by the New York Times found that just 17 percent of Americans said their wages had kept up with inflation. The White House Chief of Staff may think inflation is ``a high-class problem,'' but for the mom at the grocery store wondering if she can afford to buy ground beef this week or for the young worker just starting out who is wondering if she can afford to fill up her car, inflation is a very real problem. Americans are struggling. They are facing huge price increases at the grocery store; huge price increases at the gas pump; big increases in the cost of household goods, like furniture and bedding and laundry equipment; massive increases in the cost of fuel oil and gas service; higher electric bills; and on and on. Inflation is weighing down businesses, too, from larger businesses to family farms and ranches.…
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John Thune
Republican · South Dakota

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