GOP Issues URGENT Warning To Biden Amid Disastrous Inflation

Written By BlabberBuzz | Friday, 22 October 2021 08:30

House Republicans call President Joe Biden to prioritize the "supply chain crisis" over the legislative drive on the $1.2 trillion infrastructure spending and $3.5 trillion budget reconciliation plans.>/p>

"We request that you stop the litany of harmful regulatory actions that are driving up energy costs and to stop attacking the American businesses with vaccine mandates, taxation and government handouts that are disincentivizing work," Rep. Sam Graves, R-Mo., ranking member of the House Transportation and Infrastructure Committee, addressed in a letter to Biden, according to Fox News.

"Despite calls from the private sector for help, addressing growing supply chain issues, like expanding capacity, your administration has only further fueled the crisis by increasing energy costs, triggering significant inflation through reckless unchecked spending, and attacking American businesses," the letter stated.

 WATCH: WHOOPI GOLDBERG SLAMS ALL MALES THAT DISCUSS ABORTIONbell_image

 WATCH: WHOOPI GOLDBERG SLAMS ALL MALES THAT DISCUSS ABORTIONbell_image

The letter was signed by 160 House Republicans, including Minority Leader Kevin McCarthy of California, Whip Steve Scalise of Louisiana, and GOP Conference Chair Elise Stefanik of New York.

 JOHN EASTMAN ALREADY PLEAD THE FIFTH AHEAD OF JAN 6 COMMITTEE APPEARANCEbell_image

 JOHN EASTMAN ALREADY PLEAD THE FIFTH AHEAD OF JAN 6 COMMITTEE APPEARANCEbell_image

The co-signers represent over two-thirds of all House Republicans, according to the report.

"Multiple factors have contributed to the nation's supply chain crisis, but one factor that is being overlooked is how the collection of harmful policies being pushed by the president and his party is making matters worse," Graves explained to Fox News.

 NO CHOICE: UNIVERSITIES BANNING STUDENTS WHO DO NOT HAVE BOOSTERbell_image

 NO CHOICE: UNIVERSITIES BANNING STUDENTS WHO DO NOT HAVE BOOSTERbell_image

"The president is telling the private sector to 'step up' and fix these issues, but the president needs to lead by example, step up himself, and reevaluate his agenda that is making this supply chain crisis worse."

 MUST WATCH: BIDEN'S BEHAVIOR SHOWS JUST HOW LITTLE HE THINKS OF HIS OWN RULESbell_image

 MUST WATCH: BIDEN'S BEHAVIOR SHOWS JUST HOW LITTLE HE THINKS OF HIS OWN RULESbell_image

Biden has called for trimming of the $3.5 trillion budget reconciliation package, which Democrats have billed as serving "social infrastructure," in dreams of transferring it to the president's desk with the $1.2 trillion infrastructure deal, which has a fraction of GOP backing.

 WHITE HOUSE NOW PLACES BLAME ON OMICRON FOR SUPPLY CHAIN ISSUESbell_image

 WHITE HOUSE NOW PLACES BLAME ON OMICRON FOR SUPPLY CHAIN ISSUESbell_image

The massive spending bill is being cut in half, as Biden wishes he could encourage enough support among Democrats alone for between $1.75 trillion and $1.9 trillion.

Democrats have established an Oct. 31 deadline for passing the spending bills.

The supply chain woes are a hot-button issue, particularly as the Biden administration pushes vaccine mandates and forces companies to hold their workers accountable for getting inoculated for COVID-19. Workers and unions have fought back at the orders, and key transportation industries have already been emphasized to find workers coming out of the pandemic.

Meanwhile, billionaire hedge fund manager Paul Tudor Jones explained that inflation is here to stay, posing a significant threat to the U.S. markets and economy.

"I think to me, the No. 1 issue facing Main Street investors is inflation, and it's pretty clear to me that inflation is not transitory," Jones said Wednesday on CNBC's "Squawk Box." "It's probably the single biggest threat to financial markets, and I think to society just in general."

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