[Congressional Record Volume 169, Number 188 (Tuesday, November 14, 2023)]
[Senate]
[Page S5483]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                               INFLATION

  Mr. McCONNELL. Madam President, now on another matter, this morning's 
October inflation report tells a story that has become familiar on 
President Biden's watch. Prices remain stubbornly high and well above 
the Federal Reserve's 2-percent target. Prices are up 3.2 per year over 
year, and cumulative inflation since the President took office now 
clocks in at 17.6 percent.
  Even as the rate prices are growing ebbs, working Americans are 
growing more frustrated with an expensive new normal. The price of a 
gallon of milk has risen 15.8 percent since January of 2021. Meanwhile, 
a gallon of gas is going for 54.8 percent more. As one small business 
owner in Texas put it to reporters recently, he said:

       I'm trying to think of one area where prices have eased, 
     and I can't think of anything.

  Earlier this month, President Biden told a gathering in rural 
Minnesota that ``Bidenomics is just another way of saying `the American 
Dream.''' The American people are just simply not buying that.
  According to one recent survey, only 14 percent of U.S. voters have 
said President Biden has made them better off, and 65 percent of voters 
said they had cut back on nonessential spending.
  So, if the President thinks that Bidenomics is the American dream, he 
might want to pay closer attention to how many Americans are desperate 
to wake up.

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