Scalise: Biden, Pelosi celebrated Inflation Reduction Act at 'exact same time' market was crashing
The House Republican Whip says Democrats are "out of touch" for holding event as markets tanked after inflation report.
House Republican Whip Steve Scalise says President Biden and House Speaker Nancy Pelosi are "out of touch" for holding a celebratory event Tuesday for the Inflation Reduction Act at the White House while markets dropped to record lows after disappointing inflation figures were released.
Biden, Pelosi and Senate Majority Leader Chuck Schumer delivered speeches at the White House during a large event focused on the signing of the $740 billion Inflation Reduction Act.
Biden thanked Democratic leaders and activists for their role in moving the legislation forward. He called out West Virginia Democratic Joe Manchin from the stage. Manchin's vote was key to passing the bill in the 50-50 Senate using budget reconciliation.
"Joe, thanks for sticking with what you said you’d do," Biden said.
Scalise said the optics of the event weren't on the Democrats' side, given the economic news that came out that same morning.
"President Biden and Speaker Pelosi continue to show how out of touch and tone deaf they are by throwing a party yesterday at the White House to celebrate inflation at the exact same time that the market is crashing because of inflation that President Biden and Speaker Pelosi created," Scalise said Wednesday.