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Wednesday, September 10, 2025

Missouri U.S. Rep Jason Smith: "When Joe Biden took office, the Congressional Budget Office predicted at the time that interest rates..."

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Jason Smith tweeted the following:

"When Joe Biden took office, the Congressional Budget Office predicted at the time that interest rates would not rise until 2024. To combat Bidens Inflation Crisis, the Federal Reserve has now raised interest rates for a 3rd time since March."
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Here are other recent tweets from Jason Smith:

"Joe Biden and Washington Democrats are waging war on rural America.
Family farmers are feeling the pain of Joe Bidens radical agenda and sky-high inflation, making it harder for them to keep their land and grow the food to feed America and the rest of the world."
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"President Bidens inflation crisis is causing interest rates to rise. This not only means higher prices for families, farmers, and businesses, but will also have a significant effect on our national debt.
My full statement: republicans-budget.house.gov/press-release/"
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"Inflation is a hidden TAX on all Americans:
Gasoline is UP 43.6%
Used Cars are UP 22.7%
Meats/Fish/Eggs are UP 14.3%
New Cars are UP 13.2%
Electricity is UP 11.0%
Food at home is UP 10.8%
Transportation is UP 8.5%
Food away from home is UP 7.2%"
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