Press Releases

Sen. Rick Scott: Raging Inflation Shows Biden's Socialism & Powell's Inaction are Destroying America

October 29, 2021

WASHINGTON, D.C. – Today, Senator Rick Scott released the below statement following the Bureau of Economic Analysis Report noting the Personal Consumption Expenditures (PCE) Price Index has risen to 4.4% over the year, the highest level seen all year. This data shows how President Biden’s inflation crisis, caused by his and Democrats’ socialist policies and reckless government spending, is shrinking budgets for families as the prices of everyday goods continue to skyrocket.

 

Senator Scott has been urging President Biden to stop his unconstitutional vaccine mandates which are causing families to make an impossible choice: comply to keep their job, quit, or be fired. Reports from the Federal Reserve have shown that reckless policies like this are fueling Biden's supply chain and inflation crises. Earlier this week, Senator Rick Scott sent a letter to Federal Chair Jerome Powell making it clear that if Powell does not start showing the Federal Reserve is acting as an independent agency, Senator Scott will not support another term for Powell as Chair.

 

Senator Rick Scott said, “What in the world is President Joe Biden thinking? Report after report shows plain and simple that Biden’s socialist policies and unconstitutional vaccine mandates are killing our economy, harming our businesses and leaving our families with less and less. And what is he doing to fix it? NOTHING. Biden signed up to lead the country but he's done absolutely NOTHING to help American families. This is hurting mothers like mine growing up, who struggled to make ends meet, and it makes me furious. The incompetence is astonishing. But, Biden isn't the only one to blame. As Biden destroys the economy, Chair Powell has been nothing but a puppet for his disastrous agenda. With inflation still raging and the latest GDP figures showing the economy is headed in the wrong direction, we must act now to protect American families. If Biden and Powell can't do the job, they need to get out of the way.”

Since being elected to the U.S. Senate, Senator Scott has repeatedly urged action to address America’s debt crisis and the harmful effects of inflation: 

 

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