Republican lawmakers responded in a flurry of tweets to President Joe Biden’s speech on May 10 on inflation, in which the president cast himself as the ally of struggling American families and repeatedly took jabs at the GOP leadership in Congress, saying they plan on making things even tougher on working people.
Biden’s Argument
The Consumer Price Index rose 1.2 percent in March, and has risen 8.5 percent overall during the past year. But in his hour-long address, Biden defended his heavy spending on infrastructure and his push to make wealthy individuals and corporations “pay their fair share.” Biden said that his policies foster competition among companies of many different profiles in numerous sectors, from internet servicing to meat processing.“We’re helping smaller companies get into the game to compete and help bring down the overall prices. The bottom line is, easing these bottlenecks, and making our supply chains more secure, is a major focus of my economic strategy, so things move more quickly, prices go down, not up,” the president said.
