STATEMENTS AND PRESS RELEASES
The economy created 199,000 jobs in November, bringing the total to more than 14 million jobs since I took office. That's more than 14 million more Americans who have known the dignity and peace of mind that comes with a paycheck. The unemployment rate has remained below 4 % for 22 straight months, and inflation has fallen by two-thirds. Household wages and wealth are now higher than before the pandemic, even after accounting for inflation. Under my tenure, we have achieved better growth and lower inflation than any other developed country. A year ago, forecasters said that was impossible.
However, I know that the prices are still too high for too many Americans. That's why my top economic priority is to reduce costs for hard-working Americans. I'm doing everything I can to lower the cost of prescription drugs, health insurance premiums, and utility bills. I'm fighting to repeal the senseless fees that some banks, airlines and other companies use to rip off consumers. And now that we have taken action to rebuild supply chains and cut costs, I call on big companies to pass the savings on to consumers.
Instead of fighting to lower costs for middle-class families, Republicans in Congress are fighting to raise the cost of prescription drugs and increase the profits of big pharmaceutical companies. They are fighting for tax cuts for the wealthiest Americans and big corporations that have made record profits in recent years. Republicans in Congress are fighting to cut Medicare and Social Security. That is just wrong.
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