West Viginia Democratic senator Manchin released a statement blaming Biden and the Fed for failing to curb inflation, which is now at a 40-year high.
He sees what we all see–a painful and out of control tax on the savings and earnings of average Americans.
Manchin’s statement was released on Twitter:
My statement on consumer inflation rising to 8.5%, the largest 12 month increase in four decades: pic.twitter.com/qlKlDVU2Vu
— Senator Joe Manchin (@Sen_JoeManchin) April 12, 2022
Let me be clear, inflation is a tax, and today’s historic inflation data tells another chilling story about how these taxes on Americans are completely out of control. Hard-earned wages and financial savings are disappearing faster every month as prices continue to climb, while the pain and frustration of spending more on everyday items linger over us all, especially among those who can afford it the least. Americans are seeing some of the largest increases in goods such as gas up 48%, beef up 16%, chicken and milk up 13%, and staples like coffee and eggs are up 11%.
When will this end? It is a disservice to the American people to act as if inflation is a new phenomenon. The Federal Reserve and the Administration failed to act fast enough, and today’s data is a snapshot in time of the consequences being felt across the country. Instead of acting boldly, our elected leaders and the Federal Reserve continue to respond with half-measures and rhetorical failures searching for where to lay the blame. The American people deserve the truth about why record inflation is happening and what must be done to control it.
Here is the truth, we cannot spend our way to a balanced, healthy economy and continue adding to our $30 trillion national debt. Getting inflation under control will require more aggressive action by a Federal Reserve that waited too long to act. It demands the Administration and Congress, Democrats and Republicans alike, support an all-the-above energy policy because that is the only way to bring down the high price of gas and energy while attacking climate change. The United States of America is equipped to be energy independent from Russia and other terror-sponsoring countries while also working to fight global climate change and break our dependence on the critical mineral supply change from China.
The inflation number today is only the beginning unless we take immediate action to address the pain being felt across our nation. This is one problem facing the American people that one political party alone cannot fix. The American people cannot wait any longer.
What’s noteworthy about the statement is Manchin breaks from the Democratic party line, i.e. blaming inflation on “Putin’s Price hike”.
Manchin appears to take issue with that deception.