Congressman Cohen Makes Clear Inflation is a Worldwide Problem

Press Release

Congressman Steve Cohen (TN-09) today went to the House floor to speak about the worldwide phenomena of price inflation and high gasoline prices, and made clear President Biden is not to blame for either one.

In his speech, he said in part:

"During the break, I had the opportunity to participate in the Transatlantic Dialogue. We had members of parliament from maybe six or seven different nations…I asked them what the rate of inflation was and, in every country, it was eight, nine and ten percent. I asked them if their parliaments didn't blame Biden for it. They laughed. Of course they laughed.

"Inflation is a worldwide problem. We're doing what we can. It's caused by the awful coronavirus and the effect it has had on production in China and it has hurt our opportunities to continue our manufacturing as we saw it before. Gasoline prices have increased the same amount in Europe as they have here. Is it Joe Biden's fault? No. It's OPEC. It's Russia: prices have gone up about 30 percent since they invaded Ukraine. All Americans should want and should work together to reduce inflation and oil prices, but it's not Joe Biden's fault. It's a worldwide problem."

See his entire speech here.

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