SURREAL VALECITY
  • Surreal ValeCity online media
  • October 19 2022 Edition
    • Passion Exhibit Gallery Arte Azulejo
    • Gov Ivey Improved Broadband Access
    • Release Alaska Vital Statistics
    • Gov Lamont Clean Energy Investment Plan
    • Gov Reynolds Appoints Eric Howe
    • Gov Reynolds Iowa Budget Surplus
    • Baker Polito 24 Million Skills Capitol Grants
    • Gov Whitmer Increasing Road Patrol Funding
    • Gov Whitmer Investments Jobs Saginaw
    • First Food Delivery Nevadans in Need
    • Gov Sisolak Statement Escaped Inmate
    • Statement Donald J Trump Sept 27
    • Luna Fest Womens Film Festival
  • Elections 2022
    • Kelly for Alaska >
      • Tshibaka Premiere Energy Summit on Facebook
      • Alaska Radio Station Rejects McConnell Attack
      • Tshibaka Endorsed by America's Candidate Fund
      • New Tshibaka TV Ad Highlights
      • Kelly Tshibaka Endorsed by Edgar Blatchford
      • Tshibaka Time For a Change Education
      • As Fauci Retires Remember Murkowski
      • Kelly Tshibaka Statement Alaska Primary
      • Kelly Tshibaka Closing Primary Argument
      • Confirmed Rank Choice Voting Scheme
      • New Tshibaka Ad Can't Trust
      • Tshibaka Earns A Rating
      • Buzz Kelly Suspends Campaign Endorses Tshibaka
      • Tshibaka Time for a Change Constitutional Rights
      • Murkowski Continues Charade Pressing Haaland
      • Kelly Tshibaka Statement Planned Trump Rally
      • Tshibaka Statement Supreme Court Ruling Abortion
      • Tshibaka Blasts Gun Control Deal
      • Murkowski Embraces Gun Control Package
      • Murkowski Erode 2nd Amendment Rights
      • Tshibaka Endorsed by Harold Hamm
      • Jimmy Carter Lisa Murkowski Create Obstacles
      • Tshibaka Murkowski Gross Disregard Workers
      • Kelly Tshibaka Leaked Draft Supreme Court
  • Supporting ALL Law Enforcement
  • Thanks to the sponsors
  • Staff and Contact Information
  • Archive 2022
    • Arts
    • Dining Out
    • Editorials
    • Events
    • Festivals
  • Archives 2021
  • Archives 2020
  • Archives 2016 - 2019
  • A Valley and Beyond
Tweet
Are you looking for a shipping solution? Maybe you need to change freight carriers? Find out what the hard working and reliable people at Team Worldwide can do over land, sea and air

Fox Business: 'Skyrocketing' inflation exacerbated by Dems’ economic policies, Rep. Luetkemeyer says

Picture
WASHINGTON, D.C. – In case you missed it, on Wednesday, Fox Business published an article titled, "'Skyrocketing' inflation exacerbated by Dems’ economic policies, Rep. Luetkemeyer says."


The text of the article and the link to the full article can be found below.





Republican Missouri Rep. Blaine Luetkemeyer, ranking member of the House Committee on Small Business, on Wednesday pointed to Democratic economic policies for record-high inflation.


The consumer price index (CPI) has risen 6.2% compared to October of last year — the largest annual increase in 30 years since November of 1990, according to a Wednesday report from the Labor Department.


"Today’s skyrocketing inflation report reaffirms what Republicans have been saying all along," Luetkemeyer said in a Wednesday statement to Fox News. "Biden and the Democrats’ failed economic policies are crushing Main Street U.S.A. It remains clear that higher prices are here to stay, and the Democrats are only exacerbating the problem with their reckless spending agenda. This is the last thing hardworking Americans need ahead of this year’s holiday season."


Earlier this month, President Biden said, "This Thanksgiving…things are a hell of a lot better and the wages have gone up higher, faster than inflation."


"And we have generated real economic growth. As bad as things are in terms of prices hurting families now, trade this Thanksgiving for last Thanksgiving," he said at the time.


But according to the U.S. Bureau of Labor Statistics, all major food groups have seen price increases over the past year; food prices over all have seen the largest increase in 30 years. Overall energy prices have risen 30% since last year, with gasoline increasing 49.6% from a year ago at its highest level since September of 2014. Fuel oil has risen nearly 60% since 2020.


While Americans may have 4.6% more cash in their wallets, they are spending 6.2% more compared to last year.


Republican Iowa Rep. Ashley Hinson, who serves on the House Budget Committee, also took aim at Democrats in a Wednesday statement noting the record consumer price increases.


"Our economy isn't working for families right now," she said. "Food and energy prices continue to climb and are clearly showing no signs of going back anytime soon. Now is the time to lower taxes and ease this burden on small businesses, families and farmers. Instead of spending trillions of dollars we don't have, the administration and Congress should work together on commonsense economic policies to bring down the cost of goods..."


Hinson's statement is likely in reference to Democrats' recent success in passing their $1.2 trillion infrastructure bill and expected vote on President Biden's $1.5 trillion Build Back Better Act, which addresses a wide-ranging combination of social and climate issues.


The Biden administration believes the legislation will help curb inflation. Biden tweeted Wednesday touting the recent fall of unemployment claims, but did not mention the consumer price index results.


Rep. Sam Graves, R-Mo., and ranking member of the House Transportation and Infrastructure Committee told Fox News, "It’s clear the Biden administration will never acknowledge that ongoing, massive spending and radical policies are perpetuating the inflation they brushed aside as a temporary issue."


"Their plan to push through another multi-trillion-dollar spending bill in the coming weeks instead of zeroing in on the supply chain crisis or cutting costly regulations is mind-blowing. It’s a disservice to Americans who will be paying higher prices for everything this holiday season and beyond."


Picture
​Ready for reliable and friendly service in a towing company? Combined with competitive rates? Call Force 1 Towing and Auto Body in Catasauqua at 610-266-6721
Powered by Create your own unique website with customizable templates.
  • Surreal ValeCity online media
  • October 19 2022 Edition
    • Passion Exhibit Gallery Arte Azulejo
    • Gov Ivey Improved Broadband Access
    • Release Alaska Vital Statistics
    • Gov Lamont Clean Energy Investment Plan
    • Gov Reynolds Appoints Eric Howe
    • Gov Reynolds Iowa Budget Surplus
    • Baker Polito 24 Million Skills Capitol Grants
    • Gov Whitmer Increasing Road Patrol Funding
    • Gov Whitmer Investments Jobs Saginaw
    • First Food Delivery Nevadans in Need
    • Gov Sisolak Statement Escaped Inmate
    • Statement Donald J Trump Sept 27
    • Luna Fest Womens Film Festival
  • Elections 2022
    • Kelly for Alaska >
      • Tshibaka Premiere Energy Summit on Facebook
      • Alaska Radio Station Rejects McConnell Attack
      • Tshibaka Endorsed by America's Candidate Fund
      • New Tshibaka TV Ad Highlights
      • Kelly Tshibaka Endorsed by Edgar Blatchford
      • Tshibaka Time For a Change Education
      • As Fauci Retires Remember Murkowski
      • Kelly Tshibaka Statement Alaska Primary
      • Kelly Tshibaka Closing Primary Argument
      • Confirmed Rank Choice Voting Scheme
      • New Tshibaka Ad Can't Trust
      • Tshibaka Earns A Rating
      • Buzz Kelly Suspends Campaign Endorses Tshibaka
      • Tshibaka Time for a Change Constitutional Rights
      • Murkowski Continues Charade Pressing Haaland
      • Kelly Tshibaka Statement Planned Trump Rally
      • Tshibaka Statement Supreme Court Ruling Abortion
      • Tshibaka Blasts Gun Control Deal
      • Murkowski Embraces Gun Control Package
      • Murkowski Erode 2nd Amendment Rights
      • Tshibaka Endorsed by Harold Hamm
      • Jimmy Carter Lisa Murkowski Create Obstacles
      • Tshibaka Murkowski Gross Disregard Workers
      • Kelly Tshibaka Leaked Draft Supreme Court
  • Supporting ALL Law Enforcement
  • Thanks to the sponsors
  • Staff and Contact Information
  • Archive 2022
    • Arts
    • Dining Out
    • Editorials
    • Events
    • Festivals
  • Archives 2021
  • Archives 2020
  • Archives 2016 - 2019
  • A Valley and Beyond