Actions speak louder than words, and while Senate Republicans keep claiming they’re concerned about inflation, their actions tell a very different story. Instead of showing up and doing their job to confirm the people who are best equipped to tackle inflation, Senate Banking Republicans led by Pat Toomey can’t even be bothered to show up to vote on President Biden’s Federal Reserve nominees.
At the same time that they’re spewing breathless talking points about inflation, Republicans on the Senate Banking Committee are putting our economic recovery at risk and refusing to show up to consider President Biden’s nominees for the Federal Reserve – all because they’re beholden to special interests.
Sen. Pat Toomey: “I wouldn’t be doing this if there weren’t uniform agreement among Republicans … We’re not in any hurry.”
Politico: “The confirmation standoff is drawing out as the Fed prepares to begin raising interest rates next week to try to slow decades-high inflation. And the bank faces a delicate balancing act as its nominees are caught up in Senate drama: Move too slowly, and higher price pressures could become entrenched; raise rates too much or too quickly, and it could trigger a recession.”
Politico: “While Toomey hasn’t cited it as a reason for the delay, Brown and the Democrats are aware of the GOP’s biggest objection: Raskin’s past suggestions that financial regulators can play a role in steering the economy away from fossil fuels.”
Republicans have no plan to fight inflation, which they called a political “gold mine,” and their official economic agenda is to raise taxes on half of Americans and make health care more expensive.
Insider: “Republicans are ecstatic that Biden is struggling with inflation: ‘This is a gold mine for us’”
NBC News: “Interviews with a half-dozen Republicans showed that while the party is not yet unified around a specific plan, other proposals include boosting domestic energy production, eliminating Covid-19 restrictions and vaccine mandates and cutting shipping and trucking regulations.”
Washington Post: “New tax plan from leading GOP senator would require all Americans to pay federal income taxes”
Washington Post: “Sen. Ron Johnson says Obamacare should be repealed if GOP wins power back”
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