OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Our Slumbering Press Corps

Floor Speech

Date: June 14, 2022
Location: Washington, DC

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Mr. GROTHMAN. Mr. Speaker, the talk of everyone back home is over inflation. I want to give the press corps something to do. We are told the current inflation rate is 8.2 percent, the highest it has been in 40 years. I believe the number is higher than that.

They claim that the cost of rent or the cost to buy a house has gone up 5.2 percent. I have talked to builders in which the cost of identical homes has gone up 30 percent.

Interest rates have gone up from 2.5 to 4.5 percent. I know somebody who is looking to perhaps flip a house that has gone up 20 percent.

I would like the press corps in this country to look for examples of housing that has only gone up 5.2 percent.

The other thing I would like them to look up is used cars have gone up 16 percent. I have talked to car dealers, and they tell me the price of used cars has gone up 25 to 35 percent.

So I beg the somewhat slumbering press corps to look into this and see whether our leg is being pulled by the claim that the CPI is only up 8.2 percent.

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