On the recordMarch 30, 2022
Mr. President, American families are currently struggling with the worst inflation in 40 years--40 years. Food prices, gas prices, used car prices--everywhere Americans look, they are paying more. Wages increased on average last year, but inflation outstripped wage growth, which means that, instead of a wage increase, a lot of Americans got a de facto pay cut. And there is no clear end in sight. It is no wonder that nearly two-thirds of the American people disapprove of President Biden's handling of the economy, and they are right to do so because Democrats bear a substantial part of the responsibility for this inflation crisis. While it is true that supply chain issues and the reopening of economies after COVID shutdowns contributed somewhat to inflationary pressures, a big part of the reason for our current inflation crisis is the Democrats' decision to pass the American Rescue Plan last March. The very definition of ``inflation'' is too many dollars chasing too few goods and services, and that is exactly the situation that Democrats helped create with their so-called American Rescue Plan. Democrats took control mere weeks after Congress had passed a fifth-- fifth--bipartisan COVID relief bill totaling more than $900 billion and meeting essentially all current, pressing COVID needs. It was abundantly clear that we were not in immediate need of trillions more in government spending, but that didn't stop Democrats.…





