WASHINGTON, D.C.—U.S. Representative John Rose (TN-6) took to the House Floor Wednesday to call out recent comments from one of the Biden Administration’s top economic minds, Dr. Cecilia Rouse.
The full speech, as prepared for delivery, is below:
Madam Speaker, according to Cecilia Rouse, Chair of the White House Council of Economic Advisers, “most American household balance sheets are strong and can provide some cushion for rising prices.”
I was shocked to hear these remarks coming from one of the President’s top economic policy advisors. Madam/Mister Speaker, most Americans do not in fact have a cushion for rising prices. A recent survey found that 56% of Americans cannot cover a $1,000 emergency expense with their savings.
That’s why I led a letter, which I seek unanimous consent to enter into the record, demanding that Chair Rouse apologize to the millions of Americans struggling with skyrocketing prices due to the failed economic policies of the Biden Administration.
If remarks like these are reflective of the advice being given to the President of the United States, it is no wonder they continue to enact policies completely out of touch with the American people.
You can watch the speech here.
Original source can be found here.
