On the recordMay 7, 2024
Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I have to hand it to my friend from Virginia. He is resilient, but he has got a tough job trying to defend the economic record of the current administration. We have got some 4 million people less working than were working when he became President. Everyone knows that under the previous administration, again, we had record-low unemployment and record-high labor participation. Now we have a record-low labor participation rate. We had unemployment that was at record lows for everyone during the previous administration and real wage growth under the previous administration. Now we have 40-year high inflation. Inflation was nonexistent before this President got into office. We have 20-year high interest rates which are further crushing the American people. We have got our credit being downgraded because of the reckless, excessive, wasteful, and unprecedented spending which will cause interest rates to go even higher. Mr. Speaker, you can't fool the American people. You can't tell them it is good when they know that it is bad. They are suffering at the grocery store, they are suffering when they pay the utility bill, they are suffering at the gas pump, they are suffering when they make the mortgage payment or when they make the rent payment, and they are suffering when they are unable to afford to buy a home, especially for young people starting out. This is all a direct result of bad policy from this President.…





