[Congressional Record Volume 168, Number 158 (Thursday, September 29, 2022)]
[House]
[Pages H8291-H8292]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       PRESIDENT BIDEN'S ECONOMY

  (Mr. OWENS asked and was given permission to address the House for 1 
minute.)
  Mr. OWENS. Mr. Speaker, President Biden likes to brag about his 
handling

[[Page H8292]]

of the economy: ``I am responsible for the strongest job creation 
economy in modern times.
  ``The stock market has hit record after record after record on my 
watch.
  ``Since I took office, families are carrying less debt, their average 
savings are up.
  ``Our economy had zero inflation in the month of July. Zero percent.
  ``We're not in a recession.''
  Stop lying to the American people, Mr. President. Here is the reality 
of your economy. Americans are facing the highest inflation in 40 
years, up 13.7 percent since President Biden took office, a recession.
  In fact, inflation has increased by 13.7 percent since Biden has 
become President.
  Year after year, prices are up more than 12 percent, the largest 
increase ever. Nearly three in four employees say the cost of living is 
outpacing their salary and wages.
  Gas prices have risen 55 percent since President Biden took office. 
The average mortgage payment is up 42 percent higher than a year ago. 
One in six households are behind in utility payments.
  Democrat-ruled Washington has spent trillions of your hard-earned 
dollars for liberal priorities that Americans don't want and can't 
afford.
  House Republicans have a plan to get our country back on track and to 
put an end to the wasteful spending that has crippled our economy.
  The SPEAKER pro tempore. Members are reminded to direct their remarks 
to the Chair and refrain from engaging in personalities toward the 
President.

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