Effects of Coronavirus on Economy

Floor Speech

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Mr. COHEN. Madam Speaker, the President has done an excellent job on trying to address our economic problems, and one of the main reasons we have economic problems is because of the coronavirus.

The President has an excellent vaccination program that the Republicans, unfortunately, are fighting. As people have experienced the pandemic, they have been less willing to go out and engage in commerce and travel and had to reduce some of their business activities. This has hurt the supply chain and hurt our economy. So the President's vaccine plan is also an economic plan.

Republicans in the Senate led an effort to cancel all the vaccination programs that the President has to protect us, to keep us healthy, and to move our economy forward. That is unfortunate. We need to support these vaccination plans, and we need to support the President in these efforts.

Inflation has been a problem. The President has released some oil from the reserve to help deal with gas prices. Gas prices are going down, and they will go down naturally.

One of the great reasons why inflation has increased is because of used car prices. You have to think about when used car prices go up, Madam Speaker, somebody is selling that used car, and they are getting more money to put in their pocket. Things are getting better.

God bless New Mexico.

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