White House’s ‘Word Of The Year’ Is Crushing Working Americans
‘By one estimate, the average American family would need an extra $11,400 a year just to maintain the standard of living they had when President Biden took office. And needless to say, folks on fixed incomes are among the hardest hit.’
WASHINGTON, D.C. – U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding Bidenomics:
“Working Americans can’t seem to catch a break from Bidenomics.
“Washington Democrats’ spending sprees on President Biden’s watch have driven inflation up 17.6%. And the effects are becoming inescapable.
“In my home state, many small business owners have been forced to raise their prices to keep up with rising costs.
“As one shop owner in Lexington put it, ‘I make food and chocolates and all the ingredients have gone up.’
“’I’ve been battling with increasing my prices,’ he said, ‘which I don’t want to do.’
“Just like in cities and towns across the country, small businesses in Lexington are facing declining foot traffic…
“Which might have something to do with consumers’ shrinking paychecks. Inflation is eating away at people’s savings.
“By one estimate, the average American family would need an extra $11,400 a year just to maintain the standard of living they had when President Biden took office. And needless to say, folks on fixed incomes are among the hardest hit.
“One sixty-eight-year-old retiree in western Massachusetts summed up his struggle to make ends meet in the Biden economy:
“‘You get your check and then you have to sit there … like ‘What am I going to pay out? Am I going to get food or lose my electricity? … I can’t spend nothing anymore. I have to pay rent, utilities, food, medicine.’
“This is what the American people are up against. This is everyday life under Bidenomics.
“Bizarrely, the Biden Administration still seems to hold its favorite phrase in high esteem. The White House Press Secretary called Bidenomics, ‘the word of the year’.
“Well, working Americans feel quite differently. And the President’s hometown is no exception. As one resident of Scranton, Pennsylvania reported recently, ‘everything’s going up except paychecks.’”
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Related Issues: Economy
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