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I hope you saw my latest weekly column.



ROGER WICKER: Americans Crushed by 20 Straight Months of Rising Prices
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Almost a year ago, President Biden declared that inflation had finally peaked
at 6.8 percent, yet we have now endured seven straight months of inflation over
eight percent. June was the worst month yet, with prices surging by 9.1
percent, but last month was not much better. In September, prices rose by 8.2
percent from a year ago, and “core” inflation – which omits food and energy –
increased by 6.6 percent, the fastest jump in 40 years. These numbers confirm
that we are not even close to being out of this inflation crisis.

Recently, at an ice cream shop, President Biden was asked if he is worried
about inflation. Grasping an ice cream cone (which has risen in price by 14
percent on his watch), the President dismissed the question, saying “our
economy is strong as hell.” Those words reveal a President who is deeply out of
touch. In reality, our economy has been shrinking for six months – the textbook
definition of a recession – and a new forecast from Bloomberg says it is 100
percent likely that the recession will continue into next year. President
Biden’s agenda has clearly failed, and we are all paying for it.

Groceries, Car, Homes Become Unaffordable

For many Americans, a routine trip to the grocery store has become a cause of
distress. Food prices have soared under President Biden, most noticeably for
eggs (98 percent), chicken breasts (46 percent), coffee (34 percent), bacon (27
percent), flour (25 percent), and sugar (23 percent). Meanwhile, the cost of
eating out has gone up by 12 percent, and those who visit a restaurant are more
likely to face longer wait times because of staff shortages.

With interest rates going up, the dream of owning a home is now further out of
reach for millions of Americans. Mortgage rates now stand at a 20-year high,
prompting potential buyers to wait on the sidelines indefinitely. In the last
year alone, the average monthly payment on a mortgage has jumped by 51 percent.
This trend will likely get worse as the Federal Reserve continues raising
interest rates to fight the President’s inflation.

Life is also getting more difficult for tenants, with rents increasing by nine
percent under President Biden. In the same period, furniture prices have risen
by 22 percent, making it harder to furnish a home. Electricity costs are also
up 23 percent. And for those who want to keep warm this winter, home heating
bills are expected to hit a 25-year high. Even at home, there is no escaping
the President’s rampant inflation.

Inflation Raids Family Savings

High prices are forcing many Americans to cut into their savings just to stay
afloat. Since the President took office, monthly savings have fallen by 83
percent, and inflation has wiped out a month’s worth of earnings for half of
American workers. Pension funds have declined in worth by 15 percent, and the
average 401k has lost a quarter of its value because of the economic downturn,
forcing many older Americans to delay retirement or reenter the workforce.

Republicans Show the Way Forward

This economic pain is a direct result of the President’s agenda. In less than
two years, he and his Democrat majorities in Congress have managed to turn our
economic recovery into an inflationary recession through tax-and-spend
policies. Republicans are offering a way forward with plans that would ease
inflation, spur economic growth, and lower the cost of energy.



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Senator Roger Wicker






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