On the recordDecember 14, 2021
for months now, American families have struggled with the growing burden of inflation. New data shows just how bad things have gotten. Last month, consumer prices increased at the fastest pace in 40 years. Now, I would like to take a little walk down memory lane. The last time the American people endured price spikes like this, ``Eye of the Tiger'' was one of the top songs on the radio. I am sure the Senator from Delaware remembers that very well. The world had yet to be introduced to Nintendo and Mario. Consumers were anxiously awaiting the release of the first cell phone, which weighed in at a whopping 2 pounds. I remember those unwieldy telephones well. Over the last four decades, of course, a lot has changed, and I am not just talking about technology--the attacks of September 11, wars in Iraq and Afghanistan, the great recession. Even during the first year of the pandemic, inflation didn't come close to hitting the heights that it has today. Between March 2020 and February 2021, the inflation rate never topped 2 percent. There were countless reasons for us to be optimistic. We had three highly effective vaccines, with shots going into the arms of millions of people every day. Schools were reopening. Employees were returning to work. The American people began to discover a new semblance of normal post-COVID. But the administration ignored all of this progress because they had another plan in mind.…
Source
govinfo.gov




