Democrat Sen. Joe Manchin (WV) slammed President Biden on Wednesday for Biden previously claiming the inflation crisis was just “transitory.”
“By all accounts, the threat posed by record inflation to the American people is not ‘transitory’ and is instead getting worse. From the grocery store to the gas pump, Americans know the inflation tax is real and DC can no longer ignore the economic pain Americans feel every day,” Manchin wrote on Twitter.
By all accounts, the threat posed by record inflation to the American people is not “transitory” and is instead getting worse. From the grocery store to the gas pump, Americans know the inflation tax is real and DC can no longer ignore the economic pain Americans feel every day.
— Senator Joe Manchin (@Sen_JoeManchin) November 10, 2021
Manchin was referencing claims made by Biden in July that inflation was a result of “transitory effects” from COVID-19 rather than inflation resulting from deficit spending.
Manchin’s comments come the same day that the Department of Labor released data showing that inflation levels had reached their highest point since 1990 with the consumer price index rising 6.2% from October 2020 to October 2021. In October alone, inflation surged 0.9%, 50% more than the 0.6% economists expected, according to CNBC.
As Treasury Secretary Janet Yellen said earlier this year, Biden’s inflation crisis will likely continue through next year.
“On a twelve-month basis, the inflation rate will remain high into next year because of what’s already happened. But I expect improvement by the end of — by the middle to end of next year, second half of next year,” Yellen said. “We are going through a period of inflation that’s higher than Americans have seen in a long time.”
