McCaul Condemns Biden Administration’s Failed Economic Policies
I released the following statement after news that inflation continues to remain at historical highs, with the Consumer Price Index (CPI) at 8.2 percent. This news comes days after President Biden denied that the U.S. was experiencing a recession – despite two consecutive quarters of negative growth – the very definition of a recession.
“This news shows just how out of touch the Biden administration and Democrats in Congress are regarding the alarming increase in the costs of goods and services Americans face daily. Instead of looking to address the root causes, this administration has continued to fan the flames of inflation with reckless, runaway spending. The American people deserve real leadership, which Republican lawmakers have offered in their Commitment to America. It’s time to end one party rule and put people, not politics first.”