(CNSNews.com) - President Biden this week acknowledged that inflation and supply chain disruptions are a problem, and he said his administration is "trying to figure out how to tackle them head-on."
And while he's trying to figure it out, things will only get worse, Rep. Jim Jordan (R-Ohio) told Fox News's Laura Ingraham:
Real wages were up under President Trump. They're down under Biden. Under Biden, you want to buy a home, it costs more; you want to rent a home, it costs more; to put food on the table, it costs more; to put gas in the car, it costs more; to get Christmas presents, it costs more. Everything costs more because they have the dumbest economic plan in history.
Their plan is basically, lock down the economy, spend like crazy, pay people not to work. And then what are they going to do in this next bill for the people who have been working, they're going to raise their taxes and spend even more money.
Stupid plan. And that's why we're in the situation we are. And why families are being shortchanged like they are under this administration. Let's hope that Joe Manchin and Senator Sinema hold tough so that it doesn't get even worse.
Sens. Joe Manchin and Kyrsten Sinema are the only two Democrats opposed to the cost and scope of Biden's $2-trillion "Build Back Better Act." Without their votes, Biden’s leftist agenda cannot pass.
On Wednesday, Biden's Chief of Staff Ron Klain said Biden's Build Back Better Act will ease inflation by reducing the cost of childcare, prescription drugs, elder care, and health care premiums. He insisted the $2-trillion-plus bill is fully paid for, and "It doesn't add any new money to the economy," he told CNN's "The Lead" with Jake Tapper.
Some economists and Biden critics disagree, saying that trillions of dollars in new spending on top of trillions of dollars in previous new spending will make inflation worse:
"Yes, they're going to make the problem worse," Jordan said:
Last week in committee -- think about this, last week in committee, Ro Khanna, Democrat member from California, we had the executives from the big oil and gas companies in a hearing of Chevron, Exxon, Mobil. And he said, he said to all these guys, will you pledge, will you promise to decrease production?
And I'm like, you're asking the American companies to decrease production? At the same time, the President of the United States is begging OPEC to increase production.
I said to the -- I said in the committee, what do you guys want? $8 gasoline on families across this country? They're just going to make everything worse, and the American people have figured it out, because the American people are smart.
And there's a reason why Joe Biden's ratings are at -- approval rates are at 38 percent; Kamala Harris's are at 28 percent. Barely the two of them combined over 50 percent. This is how bad it is. And it's why we're going to win, I think, in a big way next November.
Jordan said not only will Biden's spending spree make inflation worse, he's going to have to raise taxes on people making less than $400,000 to pay for it, even though Biden has pledged not to do that.
"And, of course, we also knew when Joe Biden told us a week ago that he really wasn't going to pay people who illegally came into our country $450,000. We also knew that was true when he told us it wasn't.
"And I mean, the outrage from the people -- I've been all over our district today. The outrage from the citizens I get the privilege of representing is real, because they've had it with this administration, and with what Democrats have done in complete control of our government."