[Congressional Record Volume 169, Number 196 (Wednesday, November 29, 2023)]
[Senate]
[Page S5648]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]



                               Bidenomics

  Mr. President, now on another matter, President Biden is on the road 
today, and he is facing an uphill battle to convince the American 
people that Bidenomics is somehow working. For months, the President 
has been touring the country with a rosy assessment of the economy on 
his watch. He has been telling working Americans what the 
administration's obsession with radical climate policy is doing for 
them. But by overwhelming margins, the American people haven't been 
buying what the President is selling. The polls continue to show that 
for millions of families, Bidenomics is just a code for higher prices, 
shrinking paychecks, and lower quality of life.

  The entire Nation watched in realtime as the Biden administration's 
war on domestic energy drove the price of gas and home heating through 
the roof. Taxpayers watched Washington Democrats turn their hard-earned 
dollars into subsidies for blue-State liberals' favorite electric cars 
and home appliances.
  Here is how one analysis put it:

       The typical American household must spend an additional 
     $11,434 annually just to maintain the same standard of living 
     they enjoyed in January of 2021.

  An extra $11,000 a year just to stay afloat. But the Biden 
administration's latest tactic appears to be publicly congratulating 
itself that prices on some everyday staples were actually rising slower 
than the record paces that were set during their time in office.
  The President himself has even wagged his finger at American growers, 
manufacturers, and retailers to ``stop the price gouging'' now that 
``inflation has come down.''
  Well, the Bidenomics strategy apparently depends on working Americans 
ignoring the reality they live in every day. The White House seems to 
be counting on middle-class families to forget about the 40-year-high 
inflation their spending binge helped create. They want the country to 
set aside the average food prices that have risen 20 percent since 
President Biden took office.
  Well, it doesn't look like the American people have any intention of 
suspending their disbelief about Bidenomics. And who on Earth would 
blame them?
  The PRESIDENT pro tempore (Ms. DUCKWORTH). The Senator from New York.