Press ReleaseAugust 11, 2022

Job Creators Network on PPI Report: Inflation Remains Biden’s Burden

Washington, DC (August 11, 2022) – Today, the U.S. Bureau of Labor Statistics released the Producer Price Index report for July, showing an annual increase of 9.8%

Alfredo Ortiz, president and CEO of Job Creators Network, released the following statement:

“Today’s PPI report, coming on top of yesterday’s CPI report, is just the latest evidence that ‘Bidenflation’ isn’t going away. And yet House Democrats are scheduled to pass a $760 billion spending bill tomorrow that will make inflation even worse. The Senate already passed the bill on a party-line vote. Every Senate Democrat was the decisive vote since even a single defection would have killed the bill. Will even a single House Democrat have the courage to vote against it? The American people are paying close attention and will know that at this watershed moment for the economy – the start of a recession and the highest inflation in four decades – President Biden and the Democrats chose to double down on their mistakes. The Democrats have created a political burden for themselves, but the financial burden is being paid for by the American people and the small business community, in particular.”