Lloyd Doggett Slams Trump And GOP Over Economic Policies: They’ve ‘Sure Turned America Red Again’

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During Tuesday's Congressional Progressive Caucus press briefing, Rep. Lloyd Doggett (D-TX) discussed GOP economic policies.

Transcript

00:00Boyd Doggett from Texas, I think to measure the success of Trump's 100 days,

00:05just look at his promises for his first day.

00:08He said he'd be a dictator on day one.

00:10He sure kept that promise.

00:12But he also promised, quote,

00:14starting on day one, we will end inflation and make America affordable again.

00:20He promised starting the day I take the oath of office,

00:23I will rapidly drive prices down.

00:26Well, the chickens weren't listening because the price of eggs is up 26% since January at $6.23 a dozen.

00:35Overpromising and underdelivering.

00:37That's the Trump approach.

00:39He's making prices greater again, much greater.

00:43While markets are drastically down, 401ks are down, retirement savings counts are down,

00:49the opportunity for many Americans is down.

00:52And with soaring debt, with tight family budgets, with plummeting markets, and measles outbreak,

01:00the Republicans have sure turned America red again, but it isn't the type of red they promised.

01:06On again, partially off again, tariffs are costing American families an estimated minimum of $4,900 a year.

01:14And Federal Reserve Chair Jerome Powell warns that, quote,

01:18the tariff increases will be significantly larger than expected.

01:23The same is likely true of the economic effects, higher inflation, and slower growth.

01:29Americans don't need a Fed chair to tell them what they're experiencing every day.

01:34They see the prices rising at the grocery store, with the car dealer,

01:38even something as simple as buying some flowers for Mother's Day or for a spring wedding.

01:44The price goes up, up, and away because those are imported goods.

01:49The only thing that Trump has liberated from his Liberation Day is to liberate dollars from our wallets

01:55and to liberate some owners from their businesses as cost rise.

02:00Of course, for Musk and the other billionaires, tax breaks are on the way, likely marked up next week.

02:06Republicans are so very concerned about the threat of our national debt growing

02:12that they're going to add a few trillion dollars more.

02:15But the cost of their tax bill will not just be IOUs.

02:19It will be you.

02:20By cutting federal support for those services that our taxpayers have fought for, earned, and rely upon,

02:29closing Social Security regional offices, wrecking the Veterans Administration,

02:34firing more military veterans than any president in history,

02:38meaning longer wait times and worse customer service,

02:41cutting health care, terminating vital research,

02:45it's all out there in ways that harm Americans.

02:48So if some folks thought that they could trade our democracy in order to get more wealth,

02:53they're about to lose both.

02:55And unless you're really a billionaire already,

02:58there's not much that you stand to gain from their agenda.

03:01That's why we progressive Democrats are fighting by continuing to place our priority

03:06on working families, retirees, students, and our environment.

03:11I'm pleased to introduce our leader on the Small Business Committee,

03:15my longtime friend Nidia Velasquez.

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