Inflation data came out Wednesday showing the fastest rise in prices in decades, and the Democratic-led Congress and White House are feeling the heat.
“The all items index rose 7.0 percent for the 12 months ending December, the largest 12-month increase since the period ending June 1982. The all items less food and energy index rose 5.5 percent, the largest 12-month change since the period ending February 1991. The energy index rose 29.3 percent over the last year, and the food index increased 6.3 percent.”
Republicans have blasted the Biden administration for continuing to push for printing more money for federal debt spending, even as inflation soars.
“This crushing report shows Democrats’ spending has pushed Bidenflation to achieve the highest prices in 40 years, killing family budgets and wiping out three years of wage gains,” House Ways and Means Republican Leader Kevin Brady said. “As Chairman Powell said yesterday, inflation is a severe threat to getting workers off the sidelines and back into the workforce—yet the Biden Administration has ignored it, denied it, and is now passing the buck for their own incompetence. No one is buying Democrats’ excuses: The American people are suffering as they watch this Administration refuse to lift a finger to help them out of this crisis.”
Even Sen. Mitt Romney, R-Utah, who has been no conservative in recent years, blasted Biden and the Democrats.
“Inflation hits a 40-year high—hurting the middle class and most vulnerable,” he said. “Just as predicted given Biden and Schumer’s $1.9 trillion spending extravaganza last March—passed without a single GOP vote.”
Trish Regan has taken on the inflation issue at length on her podcast. Check it out HERE.
“I mean, it’s like a triple whammy, quadruple whammy inflation, Ukraine, Afghanistan and our economy being nothing like what it was pre COVID. I mean, not to mention, of course, that we’re dealing with escalating coronavirus rates. I mean, every which way you turn right now, we’ve got bad news.”