Republican Warns That Inflation Report Points to ‘Looming Recession’

During an appearance on Newsmax’s “Wake Up America” on Thursday, Rep. Rob Wittman (R-VA) warned of a looming recession, pointing to a recent report on inflation as evidence.

While discussing this week’s report that the consumer price index — which refers to inflation — rose by 9.1%, the Virginia congressman pointed out that this report not only revealed the largest yearly increase in U.S. inflation since 1991, but also contained many “underlying elements” that indicate a recession is imminent.

“It’s quite a concerning report,” Wittman said. “It’s the underlying elements of the economy that look like they’re weakening, and look like they could lead us to not just these record inflation rates but also a looming recession. All of those things, I think are tremendously concerning for businesses and families.”

Meanwhile, the Biden administration and some Democrats in Congress are discussing a new attempt at “Build Back Better” legislation, appearing to believe that throwing more money at the problem will somehow fix inflation that was almost certainly caused in part by runaway government spending. According to Wittman, trillions of dollars have already been spent that have “inflamed this inflationary cycle.”

“Economists said that at the very beginning — the Republican side said it — don’t spend this amount of money, because it will create this inflation cycle that we find ourselves in,” the Virginia Republican said, adding that he agrees with Sen. Joe Manchin (D-WV), who spoke out against another spending bill on Wednesday.

“Another effort to both tax and spend is the last thing this economy needs going forward,” Wittman added.

Despite all of the evidence laying the majority of the blame for skyrocketing inflation and record high gas prices at the feet of the Biden administration and their Democrat allies in Congress, the White House is still attempting to pass the blame while refusing to return to relying on domestic energy. In attempting to avoid responsibility, Biden and his allies have tried to blame Russian President Vladimir Putin, corporate greed, and even privately owned gas stations for high gas prices.

“From the beginning, they’ve gone down the road, this anti-American energy policy by canceling the Keystone XL pipeline and stopping the development of energy in the United States and then saying somehow that these energy increases are due to something else, which is shifting blame and not pursuing solutions that can be had right here in the United States,” Wittman stated. “Prior to the Biden administration, we were energy independent. We were a net exporter of energy. We’re not there today and all the numbers enforce that.”

In the same interview, the Virginia congressman commented on the heavy flooding hitting the western part of his state following significant amounts of localized rainfall. Wittman noted that Virginia Gov. Glenn Youngkin (R) is doing a great job ensuring that communities are getting what they need during this difficult time, and keeping the National Guard on standby to assist.

“There are a lot of things that that are needed right now for these communities to get back on their feet,” the GOP congressman said. “We hope there’s a respite there. We’ve seen this cycle of storms that came in over the weekend.”

“In some areas, localized rainfall was at five and six inches an hour,” Wittman added. “It was just incredible and we know in these mountainous regions, it doesn’t take many hours of that rate of rainfall to have a negative impact on the community.”