Sen. Tom Cotton (R-AR) explained what's causing inflation in the U.S. and why the White House is attacking him for pointing it out.
The blame, he said, is entirely on President Biden over the policy decisions he's made since taking office.
The White House is attacking me for pointing out that Biden is causing inflation.
— Tom Cotton (@TomCottonAR) November 11, 2021
Instead of lashing out, they should focus on fixing the mess they created.
Here's how Biden's policies are driving up inflation: pic.twitter.com/hYBxjbMCjY
"President Biden's first action was to block the Keystone pipeline. Next, he ended oil & gas leases on federal land. Then, he appointed anti-energy progressives to his cabinet. These actions reduced our supply and drove up the cost of energy," Cotton tweeted.
President Biden's first action was to block the Keystone pipeline. Next, he ended oil & gas leases on federal land. Then, he appointed anti-energy progressives to his cabinet.
— Tom Cotton (@TomCottonAR) November 11, 2021
These actions reduced our supply and drove up the cost of energy. pic.twitter.com/pWoG5yw3rp
"In March, Biden spent $1.9 trillion that we didn't have. It included paying people more money to stay home than to work. We warned him, but he didn't listen. Fewer workers but more cash further increased inflation," he continued.
In March, Biden spent $1.9 trillion that we didn't have. It included paying people more money to stay home than to work.
— Tom Cotton (@TomCottonAR) November 11, 2021
We warned him, but he didn't listen.
Fewer workers but more cash further increased inflation. pic.twitter.com/Xiq25ByXmz
Meanwhile, the administration "denied inflation was happening."
The Biden administration denied inflation was happening.
— Tom Cotton (@TomCottonAR) November 11, 2021
They attacked anyone who warned them, even liberal economist Larry Summers. pic.twitter.com/LqATJXztHO
"Now, Biden wants to spend another $1.75 trillion that we don't have. A huge portion of the Build Back Better plan is welfare without work requirements, which means more money chasing fewer goods," Cotton said.
Now, Biden wants to spend another $1.75 trillion that we don't have.
— Tom Cotton (@TomCottonAR) November 11, 2021
A huge portion of the Build Back Better plan is welfare without work requirements, which means more money chasing fewer goods. https://t.co/s1wn4VVgc9
Instead of taking actions that would reverse the course of inflation, the Biden administration appears to be doubling down.
"Joe Biden needs to wake up, realize he's been wrong, and change direction," Cotton argued.
The first step to getting out of a hole is to stop digging. But everything this administration is doing will make inflation worse.
— Tom Cotton (@TomCottonAR) November 11, 2021
Joe Biden needs to wake up, realize he's been wrong, and change direction.
As Katie reported this week, inflation is at its highest level in three decades.