The Kansas Constitutional

Sen. Roger Marshall speaks on "Bidenomics" on the Senate Floor

Inflation rates came out this week with a 3.0 percent inflation rate for the U.S. from June 2022 to June 2023. While the inflation rate is far better than the 9.1 percent the U.S. was experiencing in June of last year, make no mistake, a 3.0 percent inflation is still not great. All that the 3.0 percent inflation means is that the value of our dollar is going down slower than it did last year, but it is still 3.0 percent less valuable than it was last year—and that’s on top of it being 9.1 percent less valuable than the year prior to that.

The White House got on Twitter to brag about the economy earlier this week, stating that the inflation-adjusted income is up 3.5 percent since POTUS took office, which ended up getting fact checked for misinformation.

In reality, American families have lost $7,400 due to inflation. Fact checkers noted there has actually been a decline of 3.3 percent for the inflation-adjusted income.

On the Senate Floor, Kansas Senator Roger Marshall spoke on “Bidenomics.”

“When my grandkids, when my great-grandkids open up their history books and they get to the 46th President of the United States, the title is going to be ‘Bidenflation,’ and the subtitle: ‘The worst economy in 40 years,’” Sen. Marshall said. “Certainly it’s the worst economy in my professional lifetime. So, when I say it’s the worst economy, I want to start by saying, I haven’t had one person in recent memory, in the past two years come up and say, ‘Hey, this economy is just great. I just love that I’m paying so much more to make a living.’”

Sen. Marshall then provided some statistics as to the issues Kansans have been dealing with due to the economy, including:

  • The average Kansas family is spending $800 more a month to pay for basic needs.

  • When given tax cuts under the previous administration, the average Kansas family was able to put $2,000 more back into their pocket.

  • Gas prices doubled under Biden.

  • Groceries are up 20 percent.

  • Utility bills have doubled compared to previous winters.

  • The average monthly payment for a person searching for a new home has doubled under President Biden.

“The White House economy has made housing totally unaffordable, especially for first-time homebuyers,” Sen. Marshall said.

Sen. Marshall then claimed that he recently had the largest number of people from the Builders Association from Kansas in his office that he’s ever had, concerned about the cost of living. He also noted that he’s heard the same concerns from friends, family, businessowners, union workers, senior citizens, and young families with kids.

Sen. Marshall went on to say he asked those from the Builders Association if there was a policy remaining that the White House could implement that could hurt their business more.

“They sat their silent—crickets—they couldn’t think of one more thing this White House could do to hurt their business,” Sen. Marshall said. “They don’t have workers because the White House pays them more to stay at home than to go to work. They need lumber, they need nails, they need bolts, they need plumbing supplies, heat and air. And if they can get them, those are all through the roof.”

He also stated that the higher interest rates are killing housing and are a “direct reflection of Bidenflation.”

“This government spends millions, perhaps billions on affordable housing, but inflation has destroyed any gain that we’ve made recently,” Sen. Marshall stated.

He further claimed that Reaganomics was “perhaps the greatest economy of [his] lifetime,” and asked why Biden would put his name on “the worst economy in nearly half a century.”

At the time of this publishing, there are only three comments on Sen. Marshall’s speech, one of which was about the situation in Venezuela, and the other two seeming to oppose Sen. Marshall.

Screenshot of comments from Sen. Roger Marshall’s YouTube video, “Sen. Roger Marshall Speaks on Bidenomics on the Senate Floor”

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Ian Brannan

Ian Brannan is an independent journalist who founded The Kansas Constitutional in April 2022. His work focuses on issues including abortion, Convention of States, drug policy, education, government, LGBT issues, media, and more. He is also the co-host of the Rainbow Rabble-Rousers podcast.

Like our work? You can help support us at buymeacoffee.com/kscon.

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