{"id":995022,"date":"2021-11-10T15:29:32","date_gmt":"2021-11-10T20:29:32","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=995022"},"modified":"2021-11-10T15:29:36","modified_gmt":"2021-11-10T20:29:36","slug":"manchin-warns-about-record-inflation-inflation-tax-is-real","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/manchin-warns-about-record-inflation-inflation-tax-is-real\/","title":{"rendered":"Manchin Warns About Record Inflation: \u2018Inflation Tax is Real\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmanchin-warns-about-record-inflation-inflation-tax-is-real%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=995022&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Democratic West Virginia Senator Joe Manchin had a stark warning for Americans Wednesday as consumer data for the month of October showed inflation reaching record highs.<\/p>\n<p>In a <a href=\"https:\/\/twitter.com\/Sen_JoeManchin\/status\/1458443966135902221\">tweet<\/a> posted Wednesday morning, Manchin warned lawmakers in Washington DC that they could no longer ignore Americans who are struggling with rising inflation.<\/p>\n<p>\u201cBy all accounts, the threat posed by record inflation to the American people is not \u201ctransitory\u201d and is instead getting worse,\u201d Manchin wrote. \u201cFrom the grocery store to the gas pump, Americans know the inflation tax is real and DC can no longer ignore the economic pain Americans feel every day.\u201d<\/p>\n<p lang=\"en\" dir=\"ltr\">By all accounts, the threat posed by record inflation to the American people is not \u201ctransitory\u201d and is instead getting worse. From the grocery store to the gas pump, Americans know the inflation tax is real and DC can no longer ignore the economic pain Americans feel every day.<\/p>\n<p>\u2014 Senator Joe Manchin (@Sen_JoeManchin) <a href=\"https:\/\/twitter.com\/Sen_JoeManchin\/status\/1458443966135902221?ref_src=twsrc%5Etfw\">November 10, 2021<\/a><\/p>\n<p>Manchin\u2019s tweet comes as the Department of Labor released its Producer and Consumer Price Indexes for the month of October, both of which showed inflation rates at record highs. The <a href=\"https:\/\/www.dailywire.com\/news\/producer-price-index-rises-8-6-from-last-october-matching-record-high\">Producer Price Index<\/a> showed that inflation rose 0.6% from September and matched the 8.6% year-over-year rate increase set in that same month. The increase, spurred on by rising food and gas prices, was the highest rate recorded by the Department, whose records go back to November 2010.<\/p>\n<p>The Consumer Price Index showed a 0.9% month-over-month increase and a 6.2% year-over-year increase from October 2020 to October 2021, the fastest annual rate increase recorded since 1990. The inflation spike also exceeded economists\u2019 expectations of both monthly and yearly increases. The increases were led by fuel, used vehicles, and food.<\/p>\n<p>Manchin\u2019s comments also continue a trend in which the West Virginia Senator has expressed sincere concern about the costs of the Biden administration\u2019s spending plans and the impact it would have on American consumers.<\/p>\n<p>\u201cThroughout the last three months, I have been straightforward about my concerns that I will not support a reconciliation package that expands social programs and irresponsibly adds to our nearly $29 trillion in national debt that no one else seems to care about. Nor will I support a package that risks hurting American families suffering from historic inflation,\u201d Manchin said at a press conference earlier this month, according to <a href=\"https:\/\/thehill.com\/homenews\/senate\/580910-manchin-lawmakers-can-no-longer-ignore-inflation?rl=1\">The Hill<\/a>.<\/p>\n<p>Manchin also <a href=\"https:\/\/www.dailywire.com\/news\/top-democrat-senator-nails-biden-for-blaming-opec-for-high-gas-prices-we-can-fix-it-ourselves\">criticized<\/a> the Biden administration for its poor handling and shifting of blame for rising fuel<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Democratic West Virginia Senator Joe Manchin had a stark warning for Americans Wednesday as consumer data for the month of October showed inflation reaching record highs.In a tweet posted Wednesday morning, Manchin warned lawmakers in Washington DC that they could no longer ignore Americans who are struggling with rising inflation.\u201cBy all accounts, the threat posed by record inflation to the American people is not \u201ctransitory\u201d and is instead getting worse,\u201d Manchin wrote. \u201cFrom the grocery store to the gas pump, Americans know the inflation tax is real and DC can no longer ignore the economic pain Americans feel every day.\u201dBy all accounts, the threat posed by record inflation to the American people is not \u201ctransitory\u201d and is instead getting worse. From the grocery store to the gas pump, Americans know the inflation tax is real and DC can no longer ignore the economic pain Americans feel every day.\u2014 Senator Joe Manchin (@Sen_JoeManchin) November 10, 2021Manchin\u2019s tweet comes as the Department of Labor released its Producer and Consumer Price Indexes for the month of October, both of which showed inflation rates at record highs. The Producer Price Index showed that inflation rose 0.6% from September and matched the 8.6% year-over-year rate increase set in that same month. The increase, spurred on by rising food and gas prices, was the highest rate recorded by the Department, whose records go back to November 2010.The Consumer Price Index showed a 0.9% month-over-month increase and a 6.2% year-over-year increase from October 2020 to October 2021, the fastest annual rate increase recorded since 1990. The inflation spike also exceeded economists\u2019 expectations of both monthly and yearly increases. The increases were led by fuel, used vehicles, and food.Manchin\u2019s comments also continue a trend in which the West Virginia Senator has expressed sincere concern about the costs of the Biden administration\u2019s spending plans and the impact it would have on American consumers.\u201cThroughout the last three months, I have been straightforward about my concerns that I will not support a reconciliation package that expands social programs and irresponsibly adds to our nearly $29 trillion in national debt that no one else seems to care about. Nor will I support a package that risks hurting American families suffering from historic inflation,\u201d Manchin said at a press conference earlier this month, according to The Hill.Manchin also criticized the Biden administration for its poor handling and shifting of blame for rising fuel costs. \u201cWe have been energy independent for the first time in 67 years,\u201d Manchin told Fox News\u2019s Bret Baier on \u201cSpecial Report\u201d last week. \u201cWhy can\u2019t we do more? Why can\u2019t we produce more? We have got plenty of natural gas. My state, beautiful state of West Virginia, has an ocean of natural gas under it. If they just let us build a pipeline, we could get the product to market.\u201d\u201cAnd why don\u2019t we do more drilling, and why don\u2019t we do more basically production in the United States? I\u2019m not depending on OPEC. I\u2019m not depending on other countries for my energy anymore. We know how to do it. We have the technology. We should be resilient, relying on ourselves.\u201dManchin\u2019s concerns have forced the Democrat members of the House of Representatives to slash the $3.5 trillion price tag of the Biden administration\u2019s \u201cBuild Back Better\u201d spending plan.As previously reported by The Daily Wire, Manchin, in private meetings, told progressive Senator Bernie Sanders (I-VT) that he was \u201ccomfortable with zero\u201d when it came to the cost of the bill, emphasizing his point by making a zero with his thumb and forefinger. Manchin went on to express concern that the spending bill would add to inflation and that Congress should pause on new legislation.The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.<\/p>\n","protected":false},"author":189,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-995022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/995022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/189"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=995022"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/995022\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=995022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=995022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=995022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}