Senator Hagerty Says Inflation And Rising Prices Continuing To Hurt Americans

Wednesday, October 13, 2021

United States Senator Bill Hagerty, a member of the Senate Banking Committee, Wednesday released the following statement in response to the latest Consumer Price Index release from the Bureau of Labor Statistics, showing that consumer prices rose again in September more than expected, and even more than they did in August:

“Pay more. Save less. That’s what Americans are getting from the Biden economy," said Senator Hagerty. "Consumer prices have risen another three percent annualized between August and September, and at 5.4 percent year-over-year. Prices for food at home increased more than 14 percent annualized between August and September. Inflation is the most pernicious tax of all, and it has resulted in net wage losses every month since President Joe Biden took office.

"Whether you are a single mom in Johnson City, a small business owner in Murfreesboro, or a truck driver in Jackson, this level of rising prices—not seen since the failed policies of Jimmy Carter—is making life very challenging, particularly for Tennessee’s poorest families and retirees. I warned this winter about raging inflation being fueled by more government spending, and I said this summer that unless supply chains normalized to meet pent-up demand—now we are seeing even more bottlenecks instead of stabilization—this tax hike could go even higher, and that’s exactly what is happening.

"Yet despite this, Democrats still want to pump trillions of dollars of more big-government spending into the economy. Tennesseans are on edge, rightly concerned because they are already paying the price for Biden and Democrats’ failed policies. How high will prices go? Will gas prices keep rising? Will Christmas be ruined because goods aren’t available? They can’t afford more reckless spending sprees. Neither can our country.”


Sonal Modi Named Finance Manager For Tennessee American Water

Hiller Plumbing, Heating, Cooling & Electrical Purchases Chattanooga Heating & Air

Chattanooga Chamber Calendar Of Events Oct. 18-22


Tennessee American Water has announced that Sonal Modi, who has been with the company since 2011, has been promoted to finance manager for the state. In this position, Ms. Modi oversees the company’s ... (click for more)

After serving the Chattanooga area for over 37 years, Chattanooga Heating & Air will join Hiller Plumbing, Heating, Cooling & Electrical, a provider of residential and commercial plumbing, ... (click for more)

Oct. 19, IN-PERSON: Find Your Funding (Panel + Q&A) 10-10:45 a.m. The Moxy Hotel: 1220 King St. Need funding to start or sustain your business? Join us to hear from a panel of local ... (click for more)



Business

Sonal Modi Named Finance Manager For Tennessee American Water

Tennessee American Water has announced that Sonal Modi, who has been with the company since 2011, has been promoted to finance manager for the state. In this position, Ms. Modi oversees the company’s budgeting process and financial reporting. Ms. Modi will continue to report to Brian Queen, chief financial officer of Southeastern States for American Water. Ms. Modi first joined ... (click for more)

Hiller Plumbing, Heating, Cooling & Electrical Purchases Chattanooga Heating & Air

After serving the Chattanooga area for over 37 years, Chattanooga Heating & Air will join Hiller Plumbing, Heating, Cooling & Electrical, a provider of residential and commercial plumbing, HVAC, and electrical service and repair. With this acquisition, Hiller will enter its fourth state, Georgia, and serve customers across the entire state of Tennessee. Since 1984, Chattanooga ... (click for more)

Breaking News

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Injured Motorcyclist Rescued On Lookout Mountain Saturday Evening

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Opinion

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Why would any City Council person want to double the work load of our wonderful city judge and cut her pay in half? The answer should be no, no, no. Ed Gravitte (click for more)

Why Mandates Are Ridiculous - And Response

Hamilton County COVID cases 62,525 Hamilton County COVID deaths 638 By my math 62525/638 = 0.012 percent 0.012 percent of people that got COVID died from it 99.988 percent survived including myself I just wanted to point out how ridiculous vaccine mandates really are and how COVID hysteria, driven by the media and federal government, is unwarranted. Vaccines reduce ... (click for more)