Rep. Patrick McHenry (R- NC) gave a scathing speech on Joe Biden’s inflation on the House floor on Wednesday.
“The president announced that his focus is going to be on the economy this month. And to kick it off, his Treasury Secretary, Secretary (Janet) Yellen, finally admitted that she was wrong when she called inflation transitory last year. So the Biden administration and congressional Democrats, I'd like to say to you, welcome to the party, you're a year late. The American people have been feeling this pain of inflation. And I'm glad you're coming to the realization that we have to do something about it.,” McHenry said.
“Everyday goods and services are more unaffordable today, especially for low and middle income Americans and those on fixed incomes. Skyrocketing consumer prices are outpacing wage gains. US households will spend an extra $5,200 this year compared to last year for the same basket of goods and services they normally buy.
The national average for the price of gasoline has reached a staggering $5 a gallon. And that's if that weren't bad enough, our economy is now shrinking. The US GDP came in at a -1.4% in the first quarter of this year. That is problematic. That is bad.
Democrats want to blame everything from Putin to so-called corporate profiteering for the inflation crisis. They're still looking for who did it. Well, guess what, folks? The call is coming from within the house, they are the ones that put this on the American people. This is all the results of Democrats bad economic policies, and this crisis is of their own making. “
Related: Biden: 'Notwithstanding the Inflation,' the Job Market ... - MRCTV
The Biden Administration will blame ANYONE for the rising gas prices. pic.twitter.com/5zmcazgaob
— MRCTV (@mrctv) June 15, 2022