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Biden Bailout Ruined Recovery Already Underway

Floor Speech

Date: March 18, 2022
Location: Washington, DC

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Mr. SMITH of Missouri. Madam Speaker, last Friday marked the 1-year anniversary of the Biden bailout bill. This $2 trillion package has directly led to worker shortages, billions in waste, and the worst inflation in 40 years.

The Biden bailout didn't rescue our economy. It ruined a recovery that was already underway.

Madam Speaker, $500 billion spent to incentivize business closures, lockdowns, and antiscience masking policies; billions wasted, misused, or repurposed for projects unrelated to the pandemic: Florida golf courses, checks for prisoners and Japanese citizens, trees for New York, libraries in the President's home State. The list goes on.

And as a result, American families are finding it harder to put food on their table, clothes on their backs, and gasoline in their cars.

President Biden sold the American people a COVID package that spent less than 9 percent on fighting COVID. He created a massive worker shortage and instigated the highest inflation in a generation. That is his legacy.

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