Inflation Is Not a High Class Problem

Inflation continues to dominate the headlines as November's inflation rate was up 0.8%, bringing the total inflation increase to 6.8% this year, the highest in 40 years. Though the Biden Administration continues to blame the press – and anyone else they can – for stoking fears about inflation, American families know that inflation is real, and they know that the President's poor policies are largely to blame. At a time when gas prices, food prices, used car prices, and more are strangling American families, the President continues to impede our economic recovery by pushing massive spending, harmful vaccine mandates, and a war on American natural resources.

This time last year, America was an energy exporter. Today, gasoline prices have risen 58.1% and natural gas is up 25.1%. This should not be surprising after President Biden handicapped American energy production by cancelling the Keystone XL pipeline and new oil and gas leases on federal land, greenlit Russia's oil production through Nord Stream 2, and then begged OPEC+ to produce more oil for us to buy.

77% of Americans say that inflation personally affects them, despite President Biden's Chief-of-Staff's claim that this is a "high-class" problem. Inflation is a tax on hardworking American families, driving down real wages as the cost of living rises. We all know that you just can't buy as much with a dollar now as you did last year.

The sad reality is that the American people would be in a better economic position today if President Biden had done nothing when he entered the White House. I want to change course and put American families back in control, and I can only hope that the President and his allies in Congress will join me.