[Congressional Record Volume 168, Number 148 (Wednesday, September 14, 2022)]
[Senate]
[Page S4587]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]



                               Inflation

  Mr. McCONNELL. Mr. President, the American people's No. 1 priority is 
runaway inflation that is smashing their family budgets and crushing 
our economy.
  Yesterday, the latest inflation report showed that soaring prices are 
still completely out of control. Inflation has totaled 13.2 percent 
since the day President Biden took office. We just had the worst 12 
months for both food inflation and electricity inflation since the 
fallout from the Carter administration.
  President Biden and our Democratic colleagues chose to celebrate--
celebrate--this awful inflation report with a so-called inflation 
reduction party yesterday at the White House. While the Dow Jones 
plummeted over 1,000 points, while the S&P 500 lost more than 4 percent 
of its value in 1 day, while American families can't afford gas, 
groceries, or electricity, Washington Democrats partied on the White 
House lawn to celebrate their policies. That is what happened 
yesterday.
  This is what Democrats do while our economy crumbles. They subsidize 
luxury electric cars; they make plumbers and retail workers eat the 
graduate school debt of doctors and lawyers; and they throw a party for 
themselves on the White House lawn.