Patrick McHenryChairman

Washington, January 21, 2022 - This week, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), led a roundtable organized by Republican Leader Kevin McCarthy (CA-23) to highlight President Biden and Democrats’ abysmal record on the economy. With inflation surging to a four-decade high, store shelves across the country empty, and small businesses unable to find workers, Democrats have no real plan to address the challenges facing our economic recovery.

Ranking Member McHenry was joined at the roundtable by Financial Services Committee members French Hill (AR-06) and Barry Loudermilk (GA-11), as well as Republican Whip Steve Scalise (LA-01), Jason Smith (MO-08), Jeff Duncan (SC-03), Stephanie Bice (OK-05), and Young Kim (CA-39). 

Watch the full roundtable here or by clicking the image above.

Read highlights from the roundtable below:

Ranking Member Patrick McHenry: “For one year, Democrats have controlled the House, the Senate, and the White House. And it’s been a year of crises — preventable crises… The labor force participation rate, those who are actively participating in our economy, remains stagnant. Our economy is not actively creating any new jobs at this point.”

Rep. French Hill: “The top issue we talked about was inflation and the impact of a 7% cost-of-living [increase] last year… They asked why do we have this sudden, avalanche of inflation. The number one issue is too much fiscal stimulus and uncontrolled spending in Washington, D.C.”

Rep. Barry Loudermilk: “This is something that even the media cannot spin away from the American people, because they’re experiencing it every time they go to the store: Empty shelves. You’re waiting longer. You’re paying more and getting less.”

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