OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

America in Crisis

Floor Speech

Date: Oct. 20, 2021
Location: Washington, DC

BREAK IN TRANSCRIPT

Mr. CLYDE. Madam Speaker, I thank Vice Chairman Johnson, my good friend from Louisiana, for yielding.

Madam Speaker, no matter how hard the White House attempts to spin this economic crisis as a high-class problem, our Nation's financial future is in shambles because of the Biden administration's policies and it affects all of us.

Inflation continues to climb ahead of the holiday season hitting a 13-year high just last week. From the gas pump to the grocery store, Americans are paying more for just about everything while they are working less. Despite having over 10 million job openings across the country, only 194,000 jobs were added last month, making September President Biden's worst jobs report since taking office.

Instead of putting the brakes on spending, Biden and his allies in Congress are carelessly adding fuel to the inflationary fire by advancing their $1.2 trillion--only 9 percent--infrastructure bill, and $4.3 trillion Big Government socialist spending package. So in the face of an economic catastrophe, Democrats are gearing up to spend a whopping $5.5 trillion on their liberal wish list. That is wrong for small businesses. That is wrong for hardworking people across the country, and that is just wrong for America.

Squandering trillions of dollars for unpopular, radical, and dangerous policies, while imposing a $2.1 trillion tax hike to pay for it, will only inflame the current economic crisis and burden Americans with more financial instability.

How many more empty shelves will it take and record-high gas prices-- yes, look, $3.30 per gallon is where we are right now. That is a 50 percent increase from where we were for the last 4 years under the Trump administration. How many more struggling Americans will it take for the Biden administration to get serious about this economic crisis and call it a crisis, and act like it is a crisis?

For the sake of our country, I call on President Biden to join us. Reverse course and work with Republican lawmakers to get our economy back on track.

BREAK IN TRANSCRIPT


Source
arrow_upward