On the recordJune 13, 2023
Mr. President, at the end of last week, President Biden published an op-ed in the Wall Street Journal touting his economic record. It was not exactly new material. The President is well known for attempting to put a rosy spin on his economic record. But I still have to marvel every time the President claims that he is building the economy from the bottom up and the middle out and working to give families ``more breathing room'' because if there is one thing that can be said about the Biden Presidency, it is that American families have lost a lot of their breathing room. The inflation crisis the President helped make is costing American families $880 this month. Let me just repeat that. The inflation crisis the President helped create is costing American families $880 this month--$880 for just 1 month. Meanwhile, real wages have declined for 26 consecutive months under President Biden--26 consecutive months; 2- plus years. So it is no surprise that in a poll last month, 49 percent of Americans reported that their personal financial situation is getting worse or that in another poll, 61 percent said recent price increases had caused financial hardship for them or their household. Let's be very clear. This is not a random situation that just happened to occur on the President's watch.…





