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Democrat Sen Warns Congress Can 'No Longer Ignore Economic Pain' as Inflation Soars

Senator Joe Manchin responds to reports of 'record inflation' in Biden's economy

 on 11th November 2021 @ 12.00am
reports show america is experiencing  record inflation  in joe biden s economy © press
Reports show America is experiencing 'record inflation' in Joe Biden's economy

As news broke Wednesday that America has been hit with "record inflation" under Democrat Joe Biden's economy, a top Democrat senator has responded by warning that Congress "can no longer ignore the economic pain."

West Virginia Democratic Sen. Joe Manchin warned that officials in Washington D.C. need to open their eyes to what Americans are experiencing during Joe Biden’s first year in office.

On Wednesday, the Department of Labor (DOL) announced U.S. consumer prices rose more than 6 percent in October.

The figure is the biggest surge in more than three decades, according to CNBC.

Manchin said the spike in inflation poses a "threat" to the American people.

“By all accounts, the threat posed by record inflation to the American people is not ‘transitory’ and is instead getting worse,” the senator tweeted in response to the DOL report.

democratic sen  joe manchin warned that lawmakers need to open their eyes to what americans are experiencing under joe biden © press
Democratic Sen. Joe Manchin warned that lawmakers need to open their eyes to what Americans are experiencing under Joe Biden

“From the grocery store to the gas pump, Americans know the inflation tax is real and DC can no longer ignore the economic pain Americans feel every day,” he added.

Manchin also commented on the nation’s rising inflation last week.

"West Virginians are concerned about rising inflation,” he tweeted on November 3.

"We cannot throw caution to the wind & continue to pile on debt that our country can’t afford."

In September, the personal consumption expenditures price index rose at an annual rate of 4.4 percent, the fastest pace of inflation since January 1991, according to CNBC.

Even without soaring food and energy costs, year-over-year inflation hit the highest rate since May 1991 at 3.6 percent.

As prices went up, personal income declined 1 percent in September.

Jason Furman, who led the White House Council of Economic Advisers under former President Barack Obama, said government spending is to blame.

“The original sin was an oversized American Rescue Plan,” Furman said, according to The New York Times.

"It contributed to both higher output but also higher prices."

Since then, inflation has been “everywhere,” Republican Rep. Kevin Brady of Texas said.

“You can’t live your life without seeing your paycheck buy less.”

The new Labor Department figures showed fuel prices skyrocketed 12.3 percent for the month and 59.1 percent since last year, according to CNBC.

The price of food was up 0.9 percent in October and 5.3 percent for the year.

It had been an article of faith in the Biden White House that the inflation was a side effect of the economy restarting and would settle down soon.

america is suffering  record inflation  under democrat joe biden and it s getting worse © press
America is suffering 'record inflation' under Democrat Joe Biden and it's getting worse

Treasury Secretary Janet Yellen, who this week said inflation would remain high through mid-2022, tried to pitch sunshine despite Friday’s bleak report.

"Year-over-year inflation remains high and will for some time simply because of what’s already happened in the first months of the year,” Yellen said.

"But monthly rates I believe will come down in the second half of the year.

“I think we’ll see a return to levels close to 2 percent.”

[RELATED] JPMorgan Chase CEO Warns America: Prepare for 'Catastrophic' U.S Credit Default

tags: Joe Biden | economy
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