“President Biden is disturbingly out of touch. According to NBC News, President Biden
is baffled that the American people are unhappy with the state of the economy.
It is not baffling; it is the definition of ‘Bidenomics.’”

Click here to watch Sen. Barrasso’s remarks

WASHINGTON, D.C. – U.S. Senator John Barrasso (R-WY) spoke on the Senate floor Tuesday about how under Bidenomics, Americans barely have enough money to pay their bills, let alone save for the future.

Excerpts from Sen. Barrasso’s remarks:

“President Biden has a message for all of these people who are wincing as they fill up, who are worried about the cost of groceries, and who are raiding their savings accounts. Joe Biden's message to them is just this. He says: Don't believe your lying eyes.

“The president will be in Colorado, and he is going to say some things that the American people just will not believe.

“He will say inflation is getting better. He will say Bidenomics is working. He will say that anyone who believes anything other than that is just a victim of misinformation.

“Well, that is not what the families of America are feeling. Americans know that they are subjected day in and day out to incredibly high prices, and they know that Joe Biden is the President of high prices.

“Before Thanksgiving, we got new inflation data, and prices went up again. Prices are now over 17 percent higher today than they were the day Joe Biden took office.

“In real terms, families are paying over $900 each and every month more now for their cost of living than they were for the same things the day Joe Biden came into office.

“As prices continue to go up, people are falling further and further behind when it comes to trying to pay their bills. Bidenomics is forcing three out of every five Americans to live paycheck to paycheck.

“Let's look at personal debt. Credit card debt now exceeds $1 trillion. This is a record high in the history of the United States.

“Let's look at interest rates. Americans are maxing out their credit cards just to get by, and they are having to do it at higher interest rates just to pay their bills, so their debt number continues to go up.

“Under Bidenomics, Americans barely have enough money to pay their bills, let alone save for the future.

“President of the United States Joe Biden is disturbingly out of touch. According to NBC News, President Biden is baffled that the American people are unhappy with the state of the economy.

“It is not baffling; it is the definition of ‘Bidenomics.’ Americans are unhappy with the economy because they don't like paying 20 percent more for food, $1 more for a gallon of gas, or 8 percent mortgage rates.

“On issue after issue after issue, President Biden's actions have made matters worse.

“He keeps attacking our affordable, available, reliable American energy, and my home State of Wyoming is America's energy breadbasket. He has pursued the costliest regulatory burden in American history. The regulations coming out of this administration are penalizing and punishing and are costing the American people a lot.

“Let there be no confusion that the policies of Joe Biden and the Democrats are why families have suffered the worst inflation in 40 years. Democrats have done nothing to correct course or steer the economy in the right direction.

“Instead of working to cure inflation, Senate Democrats tell Americans to endure it. They are pushing policies that increase spending and choke off American energy--policies that keep driving prices and costs higher.

“Republicans have solutions to get the country back on track. Our solutions will lower the cost of living, will increase wages, will reduce Washington red tape, will unleash American energy, and will end our nation's dependence on China.

“In this Congress alone, Republicans have put forward legislative solutions--workable, meaningful solutions--to restore a strong economy. We have introduced bills to reverse these political mandates and eliminate these punishing regulations.

“We have introduced bills to end America's dependence on China, reduce dependence for manufacturing, reduce dependence for medicines, and to promote our own manufacturing.

“We have introduced bills to increase America's production of oil, gas, coal, and critical minerals. That would immediately lower the cost of energy and groceries for families all across America.

“Under Joe Biden and the Democrats, America is heading in the wrong direction, and by overwhelming numbers, the American people will tell you that.

“Republicans have solutions to make a difference--to lower prices, to unleash American energy, to secure the southern border, and, in time, to get America back on track.

“The time to act is now.”

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