[Congressional Record Volume 167, Number 134 (Friday, July 30, 2021)]
[House]
[Page H4300]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           BIDEN'S INFLATION

  (Mr. McCARTHY asked and was given permission to address the House for 
1 minute.)
  Mr. McCARTHY. Madam Speaker, I want to take one second to 
congratulate Jake Ellzey on his election to Congress.
  It brought two people back together.  Mike Garcia and Jake actually 
served our Nation earlier, before he served in this body. He flew F-18s 
off an aircraft carrier into Iraq. They were brothers, and now they are 
back together again, serving their Nation and putting it forth.
  It might be a little ironic that they both came in in a special 
election. They both were turning points on those elections and, I would 
say, underdogs in those elections. But it shows they both graduated 
from the Naval Academy, served their Nation, and continue to serve 
again. This is a good day in this House.
  Madam Speaker, 1 week ago, President Biden said inflation was 
temporary. He went on to say that spending trillions more would 
``reduce inflation, reduce inflation, reduce inflation.'' I think he is 
the only one who believes that.
  I say to the President, with all due respect, we need to wake up. 
Inflation has risen every single month since he took office, and last 
month was the largest increase in 13 years.
  Now, let's be very clear. Inflation is a tax on every single 
American. Everyone who is buying groceries knows it. Everyone who is 
filling up their car knows it. Everyone who is booking a summer flight 
knows it.
  Yet, President Biden told a townhall in Ohio last week: ``I don't 
know anybody . . . who is worried about inflation.''
  Madam Speaker, the only people I could imagine who are not worried 
about inflation make $5 million in a couple of months trading stock 
options or sell paintings for half a million dollars.
  Why doesn't the President of the United States know what is going on? 
This is what Americans hate about Washington. They turn on their TV and 
hear the President telling them their concerns aren't real.
  Enough is enough. People are fed up with the ignorance and arrogance 
and hypocrisy.
  Madam Speaker, President Biden needs to get a clue about inflation 
before it is too late. And it is not just Republicans who have been 
warning the Democrats if they pass the bill it would bring inflation, 
and here it is. It was Democrats who served in the Obama administration 
and Clinton administration, who warned them if they spend more 
trillions, inflation will come. And it has come every single month. And 
what is their answer for the future? More trillions. They will probably 
even try to call us back in August to make sure inflation grows a 
little more.
  And, if that is not enough, just yesterday, we missed every 
indication and every prediction for growth in America. Americans can't 
take this much longer. November can't come sooner.
  Inflation is a tax on every single American. But for those who don't 
know it, spend a little time with the real America and you will realize 
it.

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