A Congressional hearing turned on President Joe Biden when Republicans pointed out the ongoing economic issues that are hitting everyday Americans.
The hearing comes as the U.S. experiences extreme inflation, a supply chain crisis and skyrocketing energy costs.
“Here in the U.S., inflation is at a 30-year high and energy prices are the highest in 7 years,” said Rep. David B. McKinley, R-W.V.
“Meanwhile, Europe and countries like China, are experiencing blackouts and energy rationing. They simply don’t have enough capacity to meet the demand. Rather than rush to 100% renewable energy, wouldn’t it make more sense for the U.S. to invest in carbon capture and use fossil fuels as a bridge for the next several decades until we can build out renewables?”
The members also brought up the quickly rising gas prices.
“America’s economy is in trouble. Under President Biden, inflation is surging to record levels, driving up household bills and wiping out savings,” said Rep. Fred Upton, R-Mich.
“Yes, we are in an energy crisis. The average prices for a gallon of gas in my Michigan district is over $3.40. The price at the pump has nearly doubled from last year. We’re also in a supply chain crisis. We know that. Shipping backlogs and trucker shortages reveal how critically dependent we are on imports from China and other parts of Asia. The congestion in U.S. ports is also hurting American small businesses and farmers who depend on a smooth supply chain to send their goods to market.”
The energy problems also raise concerns about our dependence on China.
“I’m concerned that we’re also dependent on China for nearly 90% of the critical minerals and materials that are required for some clean energy technologies like wind turbines, solar panels, batteries,” Upton said. “When it comes to energy, we want to make sure that the supply chain is here in the U.S. so that our electric bills do not spike simply because of supply chain issues.”