Americans Aren’t Buying Biden Admin’s Attempts To Disown Bidenomics
“A recent survey reported that nearly two thirds of middle-class Americans say they’re facing economic hardship. Numbers don’t lie. Neither do consumers. The high prices they’re facing aren’t a matter of ‘bad vibes.’ They’re the predictable and avoidable consequences of Bidenomics.”
WASHINGTON, D.C. – U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding the economy:
“Since President Biden took office, consumer prices have risen more than 20 percent.
“The nation hasn’t seen this sort of persistent drain on our economy since the Carter Administration. And the Biden Administration is desperate to avoid the obvious comparison to the stagflation of the 1970s.
“The White House recently asserted that, ‘President Biden’s top priority is beating inflation, which is why he has taken historic action’. Well that begs the question – which historic action are we talking about here?
“Is the Administration referring to the time it invited historic inflation over the warnings of top liberal economists, like Larry Summers, with the so-called American Rescue Plan?
“Or the time they did the same thing again, but called it the Inflation Reduction Act?
“The Biden Administration is still looking for a safe landing spot. And liberal commentators are tying themselves in knots.
“One liberal editorial board recently suggested that since employment and consumption levels are steady, ‘people will…start to notice and the ‘vibes’ will also return to more normal levels’…
“That, ‘it’s possible that Americans are experiencing the economic equivalent of a hangover.’
“So Mr. President, that’s utter nonsense. And it’s not fooling anyone who actually has to balance a family budget.
“A recent survey reported that nearly two thirds of middle-class Americans say they’re facing economic hardship.
“Numbers don’t lie. Neither do consumers.
“The high prices they’re facing aren’t a matter of ‘bad vibes.’
“They’re the predictable and avoidable consequences of Bidenomics.”
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