I come to the floor today to talk about the Biden economic crisis that the American people are facing every day. Last week, Democrats threw a big party at the White House; even Hollywood celebrities flew in to celebrate. If you take a look at what was going on, on the split-screen television all across the country, they saw Democrats celebrating and the stock market collapsing; people's savings, retirements evaporating; Democrats dancing. It was the worst day on Wall Street since the pandemic, and by the time the party at the White House was over, $1.6 trillion was erased from the value of those who hold American stocks. So why did this happen? The reason that this happened was because just hours earlier the world found out that inflation in America went up once again. Prices people have to pay for things are up more than 13 percent since the day Joe Biden took office. Costs which economists predicted would go down last month, actually went up instead. Well, the economists made a prediction, but the American people know what they are facing every day when they go to the grocery store, pay their rent, pay their energy bills, try to buy back-to-school supplies for their kids. Inflation is now going up after the Democrats passed a reckless tax- and-spending bill. This is nothing to celebrate even though they were down at the White House celebrating. The American people aren't celebrating; they are suffering.…
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