Hill GOPers Hammer Biden on Latest Inflation Report; Democrats Want to Change the Subject
Inflation in the United States remains high at an 8.5 percent annual rate, according to the last such report that Americans will see before they vote on Nov. 8, and congressional Republicans appear set to remind them of it every day between now and Election Day.
But even as Republican lawmakers issued a blizzard of statements and Twitter posts about the latest Bureau of Labor Statistics (BLS) Producer Price Index report on Oct. 12, Democrats in Congress seemed determined to talk about anything but the rising cost of living.
Typical was this statement issued by Sen. Roger Marshall (R-Kan.), who said: “Today’s inflation report is the last one Americans will see before going to the polls in 26 days. The picture it paints is clear: Democrat tax and spend policies have failed this nation as inflation remains at historically high rates.
“Kansans and all Americans are currently paying 13.5 percent more since they were when Joe Biden took office. In turn, we see lower wages, savings accounts being drained, and the cost of living more expensive across the board. The American people can no longer afford the financial anxiety and failing economic agenda of Joe Biden. To truly put an end to this crisis, we must put an end to Democrats’ reign in D.C.”
In his statement, Marshall pointed out that utility gas prices have increased 33.1 percent for the year, while electricity prices are up 15.5 percent, transportation prices are up 14.6 percent, and food prices at home are up 13 percent.
The Senate Finance Committee’s ranking Republican member, Sen. Mike Crapo (R-Idaho), stated that the new BLS report “signals yet more inflationary pressures remain in the economic pipelines, which will hit consumers down the road.”
“Inflationary policies have forced the Federal Reserve to dampen overall demand in the economy through higher interest rates, which means more debt service costs for the federal government, and higher rates on mortgages and credit balances for American families already struggling with higher food and energy costs,” he wrote.
He added that “the current administration took an economy on an impressive rebound from lockdowns, injected trillions of dollars in reckless spending, and American families and future generations will pay the price of economic mismanagement.”
Sen. Rick Scott (R-Fla.) pointed to surging prices as making it harder for residents to recover from the devastation caused by Hurricane Ian.
“Skyrocketing inflation has been hurting Florida families every day for nearly two years. But, when times get tough, inflation becomes an unbearable kick for families trying to get back on their feet,” Scott wrote in a statement. “Make no mistake—Joe Biden’s skyrocketing inflation is a huge roadblock for so many families now fighting to recover from Hurricane Ian.”
On the other side of Capitol Hill, Rep. Kevin Brady (R-Texas), the ranking GOP member of the House Ways and Means Committee, predicted that prices will continue going up and the economy will be in a recession.
“Main Street businesses continue to struggle with higher prices and there’s no end in sight. Thanks to President
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