WASHINGTON, D.C. — President Biden addressed the nation Tuesday to address rising inflation and supply chain challenges that have led to record-high gas prices and baby formula shortages among other issues.
“I want every American to know that I’m taking inflation very seriously and it’s my top domestic priority,” said Biden.
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Biden’s remarks came ahead of critical midterm races around the country.
While Biden did tout his own economic policies, he focused a lot on drawing differences between Democrats and Republicans with the hopes that voters will support his policies when they hit the polls.
“Republicans have offered plenty of blame but not a single solution to actually bring down the energy prices,” said Biden. “They have no plan to bring down energy prices today. No plan to get us to a cleaner energy independence tomorrow.”
There are two paths to fight inflation – mine and Congressional Republicans’, reflecting two very different sets of values. Tune in as I explain. https://t.co/oIhmhg5cyr
— President Biden (@POTUS) May 10, 2022
Biden compared a GOP plan in the Senate pushed by Sen. Rick Scott (R-FL) with his predecessor’s policies.
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“Their plan is the ultimate MAGA agenda,” said Biden.
Biden pointed to two main causes for rising costs: the COVID-19 pandemic and the war in Ukraine.
“The first cause of inflation was a once in a century pandemic,” said Biden. “The second cause – Mr. Putin’s war in Ukraine.”
Republicans, meanwhile, have blamed the Biden administration’s energy and fiscal policies and Democrats in Congress for rising costs.
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“Democrats’ policies have unleashed the worst inflation in more than 40 years,” said Sen. Minority Leader Mitch McConnell (R-KY).
“These rising prices we know are a direct result of policy choices made by the President of the United States, by Chuck Schumer, by leaders of the Democratic Party,” said Sen. Todd Young (R-IN).
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