Sen. Manchin: Inflation ‘Poses a Clear and Present Danger to Our Economy’

In a statement released on Wednesday, Sen. Joe Manchin (D-WV) warned that skyrocketing inflation poses a significant threat to the U.S. economy.

“For more than a year, leaders in Washington have ignored the serious concerns raised by myself and others about the rising cost of inflation,” the West Virginia Democrat said in the statement.

Manchin called on the federal government to take action to fix the serious problems the country is currently facing, pointing out that solutions include curbing spending and increasing domestic production of energy.

“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 more active and serious steps to address this record inflation that now poses a clear and present danger to our economy,” the statement 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.”

On Wednesday, the U.S. Bureau of Labor Statistics released a new consumer price index report which revealed that inflation has continued to rise dramatically.

“The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.3 percent in June on a seasonally adjusted basis after rising 1.0 percent in May,” the report stated. “Over the last 12 months, the all items index increased 9.1 percent before seasonal adjustment.”

“The all items index increased 9.1 percent for the 12 months ending June, the largest 12-month increase since the period ending November 1981,” according to the bureau.

Florida Gov. Ron DeSantis (R) also commented on the bureau’s report of skyrocketing inflation, blaming President Joe Biden and discussing the consequences on the American people.

“Brutal inflation report shows a devastating increase of 9.1.% year-over-year. Bidenflation is wreaking havoc on workers, families & small businesses – a consequence of anti-American energy policy, exorbitant borrowing & printing of money & counterproductive federal regulations,” DeSantis said in a tweet.

Biden also released a statement regarding the headline inflation number, trying to brush it off by referring to it as “unacceptably high” and “out-of-date.”

“Today’s data does not reflect the full impact of nearly 30 days of decreases in gas prices, which have reduced the price at the pump by about 40 cents since mid-June. Those savings are providing important breathing room for American families. And, other commodities like wheat have fallen sharply since this report,” the president said.

As of Wednesday, the AAA national average price was $4.631 per gallon for regular gas. That number is down slightly from June when it hit a historic high of $5.016 per gallon.