'Numbers Don't Lie': Mitch McConnell Torches 'Bidenomics' Over High Inflation

6 months ago

During remarks on the Senate floor, Senate Minority Leader Mitch McConnell (R-KY) spoke about consumer prices under the Biden Administration.

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Transcript

00:00Since President Biden took office, consumer prices have risen more than 20 percent.

00:09The nation has sustained this sort of persistent drain on our economy since the Carter administration.

00:19And the Biden administration is desperate to avoid the obvious comparison to the stagflation

00:28back in the 1970s. The White House recently asserted that, quote,

00:36President Biden's top priority is beating inflation, which is why he has taken historic action.

00:46Well, that begs the question, which historic action are we talking about here?

00:51Is the administration referring to the time it invited historic inflation

00:58over the warnings of top liberal economists like Larry Summers?

01:07But they ignored that and went ahead with the so-called American Rescue Plan.

01:12Or the time they did the same thing again, but called it the Inflation Reduction Act.

01:24The Biden administration is still looking for a safe landing spot.

01:30And liberal commentators are literally tying themselves in knots.

01:37One liberal editorial board recently suggested that since employment and consumption levels

01:43are steady, quote, people will start to notice and the vibes will also return to normal levels.

01:56That, quote, it's possible that Americans are experiencing the economic equivalent of a hangover.

02:11So, Mr. President, that's just utter nonsense.

02:14And it's not fooling anyone who actually has to balance a family budget.

02:20A recent survey reported that nearly two thirds of middle-class Americans say they're facing

02:27economic hardship.

02:31Numbers don't lie.

02:35Neither do consumers.

02:38The high prices they're facing aren't a matter of bad vibes.

02:45Bad vibes.

02:47They're the predictable and avoidable consequences of Bidenomics.

'Numbers Don't Lie': Mitch McConnell Torches 'Bidenomics' Over High Inflation

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