On the recordMay 15, 2024
Mr. President, this morning's inflation report shows just how stubborn President Biden's inflation crisis is. For the 37th month in a row, prices have risen by more than 3 percent, and there is still no end in sight. Overall, prices are up 19.9 percent since President Biden took office. Grocery prices are up 21.3 percent. Car repairs are up 30.2 percent. Rent is up 20.8 percent. And the list literally goes on and on. As Americans turn on their air conditioners this summer, they can contemplate a grim report from the Wall Street Journal, which notes that electricity prices have gone up 13 times faster under President Biden than they did in the previous 7 years. All told, it costs a typical family more than $1,000 a month just to maintain the standard of living it had when President Biden first took office--more than $1,000 a month just to tread water. So it is shocking to hear President Biden say things like he did last week when he suggested that people ``have the money'' to pay higher prices. But that is the kind of disconnect we have come to expect from the President, who claimed inflation would be ``temporary'' and who has persistently downplayed and denied the painful economic reality Americans are experiencing thanks to Democrats' reckless spending. That pain is real. As one working parent in Connecticut said: Every time I look at my bank account, it's always going down.…





