Sen. Joe Manchin (D-WV) blasted US President Joe Biden for the devastating sky-high inflation numbers, causing former President Donald Trump to blame the “Radical Left Democrats” for focusing on him instead of solving the economic problems.
On Wednesday, Biden administration’s Labor Department released a dismal June reading, showing how the has surged an unexpectedly strong 9.1% last month which could raise the risk of further rate hikes from the Federal Reserve.
Experts revealed that the recent figures were the highest since November 1981.
“Unless the wheels really come off of the economy over the next two weeks, the July decision will very likely be a three quarters of a percent hike—and if not that, a full percentage point increase is more likely than a half percentage point one,” Comerica Bank chief economist Bill Adams claimed.
Following the release of the data, Manchin came out and slammed the President, saying that Biden’s additional stimulus funding will act as “more fuel to this inflation fire.”
“Today’s inflation data illustrates the pain families across the country are feeling as costs continue to rise at a historic rate. 9.1% is cause for serious concern,” the Democrat said in an official statement.
“Items like chicken, eggs and lunchmeat have increased to new highs, while energy costs rose more than 40% in June with those that can least afford it suffering the most. It is past time we put our country first and end this inflation crisis.” Manchin added.
Manchin also criticized the “leaders in Washington,” alleging that they “ignored the serious concern raised by myself and others about the rising cost of inflation” for more than a year.
“While Washington seems to now understand this reality, it is time for us to work together to get unnecessary spending under control, produce more energy at home and take active and serious steps to address this record inflation that now poses a clear and present danger to our economy,” the Democrat Senator continued.
“No matter what spending aspirations some in Congress may have, it is clear to anyone who visits a grocery store or a gas station that we cannot add any more fuel to this inflation fire.” He lamented.
Previously, Trump blasted the Biden administration for the staggering numbers and blamed “Radical Left Democrats.”
“Inflation just hit ANOTHER 40-year high of 9.1%, which is terrible for our Country. Fuel prices up 60%, Airfare up 34%, Eggs up 33% — how can people survive this? How can businesses survive this?” The former president said.
