Crises the White House is Causing At Home and Abroad

Floor Speech

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Mr. BURCHETT. Mr. Speaker, I thank the gentleman for yielding to the great State of Tennessee.

Mr. Speaker, a recent CNBC survey illustrates how Americans are feeling about inflation. Fifty-two percent of adults reported they are under more financial stress today than they were 1 year ago.

The poll also shows how consumers spending habits changed over the last 6 months in response to rising prices: Fifty-three percent say they are cutting back on dining out; 39 percent are driving less; 32 percent switched from a brand-name product; and 29 percent canceled a vacation.

The economy is in a tailspin, Mr. Speaker, thanks to President Biden's Big Government agenda. His failed policies are making the cost of doing business more expensive, and those increased costs are passed directly on to consumers.

Many companies use catchy slogans and taglines to advertise their services but, in this economy, some businesses might rethink their marketing campaigns.

Remember the $5 foot-long at Subway? It costs at least $10 for a foot-long sandwich from Subway these days, Mr. Speaker.

Southwest Airlines' low-cost flight motto is ``Wanna Get Away?'' Flights are now so expensive; Southwest should change its offers to Wanna Go One Way? Did you catch that? One way, since that is all travelers obviously can afford.

Walmart tells customers they will ``Save Money, Live Better'' by shopping at its stores. Americans are probably thinking more along the line of Spend Money, Live Worse after making a trip to Walmart in recent weeks.

Finally, Mr. Speaker, lots of folks are doing their banking with Capital One, which asks ``What's in Your Wallet?'' Pretty soon Capital One will be asking consumers What's Left in Your Wallet?'' Thanks to rising prices.

Mr. Speaker, Americans are really just fed up with President Biden's handling of the economy. From the same CNBC poll I referenced earlier, 61 percent disapprove of the President's response to inflation, and 81 percent fear a recession is coming in 2022. And I would dare say, CNBC is not the most conservative folks out there.

Earlier this week, thank goodness, Elon Musk, he swooped into Twitter to save the company from the woke politics that are running it into the ground, censorship being one of those.

President Biden needs a similar hero who can come in and stop this administration from destroying the economy. Alternatively, he could simply give up on his Big Government agenda that is failing American citizens, Mr. Speaker.

I appreciate Vice Chairman Johnson's lackluster leadership and his constant mention of complimentary snacks which are not here, coming forthwith.

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