U.S. Senate Republican Leader Mitch McConnell | Mitch McConnell Official website
U.S. Senate Republican Leader Mitch McConnell | Mitch McConnell Official website
U.S. Senate Republican Leader Mitch McConnell criticized President Biden's economic policies, known as Bidenomics, during a speech on the Senate floor. McConnell pointed out that the Democrats' excessive spending has led to a significant increase in inflation, which is negatively impacting working Americans. He shared examples from his home state of Kentucky, where small business owners are struggling to keep up with rising costs.
McConnell quoted a shop owner in Lexington who said, "I make food and chocolates and all the ingredients have gone up. I've been battling with increasing my prices, which I don't want to do." This sentiment is echoed by small businesses across the country, as they face declining foot traffic due to consumers' shrinking paychecks.
The effects of inflation are particularly harsh on fixed-income individuals and retirees. McConnell shared the story of a 68-year-old retiree from western Massachusetts who expressed the daily struggle of choosing between basic necessities. "You get your check and then you have to sit there... like 'What am I going to pay out? Am I going to get food or lose my electricity?... I can't spend nothing anymore. I have to pay rent, utilities, food, medicine.'"
McConnell emphasized that these challenges are not unique to his state or to retirees. He quoted a resident of Scranton, Pennsylvania, who recently reported, "everything's going up except paychecks." This sentiment is shared by working Americans nationwide, who are feeling the pinch of rising prices and stagnant wages.
In contrast to the negative impact experienced by working Americans, McConnell criticized the Biden Administration for praising Bidenomics as "the word of the year." He highlighted White House Press Secretary's statement, calling it "bizarre" and stating that working Americans feel differently about the economic policies.
In conclusion, the effects of Bidenomics on working Americans are becoming increasingly evident. Rising inflation and stagnant wages are putting a strain on small businesses, consumers, and retirees across the country. While the White House may celebrate Bidenomics as the "word of the year," the reality for many Americans is that everything is going up except their paychecks.
Click this link to access more information: https://www.mcconnell.senate.gov/public/index.cfm/pressreleases?ID=A62B7B25-5787-4A7C-91F9-9A5DE9DD2A61
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