McCarthy Sends Nancy Spinning
We have witnessed an increase in the price of nearly everything for more than a year now. Because of the severe level that inflation has reached, the majority of Americans have seen their salaries decrease. The majority of professionals are not mystified as to why this is taking place. And House Minority Leader Kevin McCarthy is directing his criticism squarely at Nance. Kevin McCarthy, a Republican, lashed out at Joe Biden and Nancy Pelosi for the policies that they pursued, pointing out how they contributed to the rapid rise in inflation.
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Upon taking office, President Joe Biden signed a number of orders that put a halt to energy production in the United States. The drilling restriction on federal land was by far the most detrimental. The cost of energy has been steadily climbing as a direct result of the inability of American businesses to create more of it. That factor alone has led to a significant increase in the price of virtually all goods.
But to add fuel to that raging inferno, Pelosi and her fellow Democrats enacted a “stimulus” bill that flooded the economy with 1.9 trillion new dollars. This was done to add fuel to the fire. Because of this decision, the value of the dollar has decreased, which means that everything will now cost more.
However, wage growth has not kept pace with the recent acceleration in inflation. McCarthy claims that this has meant that most Americans have had to put in the equivalent of more than a month’s worth of unpaid labor. It was referred to by him as “the Pelosi pay cut.” Even in the year 2020, the standard of living for Americans is far worse than it was when she and the rest of the Democratic Party took power.
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And Democrats, including President Joe Biden, are making blunders after blunders after blunders. Even though we aren’t digging for any petroleum here at home, President Biden is pleading with Saudi Arabia to send us some fuel.