Political Quotes

“I come to the floor today to talk about our Nation's economy. On Friday, we saw new inflation numbers, and we found inflation remains the worst that it's been in 40 years. We also found out that in the first three months of this year, the American economy actually shrank. Why did it shrink? Well, because of the inflation that is hitting hard every family in America. So now we have a terrible situation with soaring inflation and a stagnant economy--both at the same time. People are paying more and more, and they are getting less and less. Now, the last time this happened, was in the 1970s. It was called ``stagflation.'' Back then, all the liberal economic experts said it was impossible, you couldn't have soaring inflation in a stagnant economy, but we did. And now here we are 50 years later, same thing again. This is hitting American families like a sledgehammer, and the people are suffering all across this country. Inflation has been so high for so long, the experts tell us it might lead to a recession. Now, a recession is when the economy shrinks for six months. We are already halfway there. Joe Biden, the other day, said everything was fine. He said he was not concerned at all about a recession. He said no one is predicting a recession right now. Well, that is just not true. Maybe he is not listening, but people within his own administration are predicting additional dire economic times ahead.…”