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ICYMI: Rubio Joins The Faulkner Focus

Apr 11, 2024 | Press Releases

U.S. Senator Marco Rubio (R-FL) joined The Faulkner Focus to discuss “Bidenflation” and the White House reverting to Trump Administration border policies. See below for highlights and watch the full interview on YouTube and Rumble.

On the March inflation report and “Bidenomics”:

“It’s very misleading when [President Biden] says [inflation] used to be at nine percent. This is compounding. It’s not like it went down from nine to three. This is building month after month. The better way to think about it is that it’s close to 19 percent over the last three years. Florida, for example, has an even higher rate. I happen to live in what I believe is, after Honolulu, the most expensive community in America with regards to inflation. [Then there is] auto insurance on top of that. 

“One thing to look at is the production costs. The manufacturing costs, what they call the wholesale inflation, what it’s costing to make things, that’s gone up. There’s a lot of reasons for that. But at the core, inflation is about this: You have X number of things to sell, and a lot more money chasing it. The only answer to that is, you have to increase production, or you have to raise interest rates to suck the money out of the economy. But who pays the interest rates while the beneficiaries are the savers? The people who get killed by [interest rates] are people that have credit card debt or any debt…. 

“I think President Trump is absolutely right. At no time in the foreseeable future will interest rates be able to come down if this continues. Biden sounds tone-deaf. I think he stopped saying ‘Bidenomics.’ But he’s going out there bragging about stuff, and people are like, ‘What is this guy talking about? This guy’s out of his mind.’”

On the Biden Administration’s spending causing inflation:

“The Biden Administration spent over two trillion dollars of government money. Some of it hasn’t even been spent yet. That’s more money pumped into the economy. Government spending is part of it. Then you’ve got all these regulations that they’re putting on, whether it’s environmental regulations or what have you, that’s raising the cost of production.” 

On the importance of domestic manufacturing to the American economy:

“Then I think we have a systemic issue that we have to confront long term, and that is our ability to produce things in this country. We have to get back to being a country that can make things down the supply chain because otherwise, we become very vulnerable to any sort of disruption if there’s a war somewhere, if there’s a pandemic, or if some enemy tries to cut us off from something. That’s something we need to focus on architecturally, in terms of the economy.” 

On inflation’s effect on the American people:

“But the other things about the government spending and the driving of it, we predicted inflation was going to happen. That’s exactly what we’re seeing. The price of inflation isn’t just when you go to pay for things, it’s also in the interest rate because that’s the only remedy. The Federal Reserve has to try to suck money out of the economy. But it is killing, and I mean killing, people who have to put things on credit cards….”

On President Biden considering an executive order to shut down the border:

“There were Trump executive orders that were in place on the day he took over. He repealed them, in addition to announcing he wouldn’t be deporting anybody. All he has to do is go back to that. But he can’t now. He’s trapped, because to do that would be to admit that Trump was right….

“Over nine million people have entered our country over the last three years illegally. It all began when he repealed those Trump measures. The executive orders he needs to put back in place are those. He’s always had the power to do it. He had the power to repeal them. He has the power to reinstate him. But to do it means going to war with another element of his left-wing base, the open borders crowd, and it would mean admitting that Trump was right. I think they’re trying to figure out how they can thread that needle without admitting Trump was right.”