Welcome to the to todays hearing. Pursuant house rules, some members will appear inperson and others will appear remotely via webex. Some members are appearing in person, let me first remind everyone that pursuant to the latest guidance from the house attending physician, all individuals attending this hearing in person must wear a face mask unless they are speaking. Members who are not wearing a facemask will not be recognized. Let me also make a few reminders to those members appearing in person. You will only see members and witnesses appearing remotely on monitor in front of you when you are speaking in what is known in web ex as active speaker view. A timer is visible in the room directly in front of you. For members appearing remotely, i know you are all familiar with web ex by now but let me remind everyone of a few points. First, you will be able to see each person speaking during the hearing. Whether theyre there in person or remote. As long as you have your web ex set to acti
Ceos testify on Prescription Drug pricing. Members question why the retail price of their drugs frequently increases and at a rate that far exceeds inflation among other issues. This is just under 4 hours. Welcome to the to todays hearing. Pursuant house rules, some members will appear inperson and others will appear remotely via webex. Some members are appearing in person, let me first remind everyone that pursuant to the latest guidance from the house attending physician, all individuals attending this hearing in person must wear a face mask unless they are speaking. Members who are not wearing a facemask will not be recognized. Let me also make a few reminders to those members appearing in person. You will only see members and witnesses appearing remotely on monitor in front of you when you are speaking in what is known in web ex as active speaker view. A timer is visible in the room directly in front of you. For members appearing remotely, i know you are all familiar with web ex by
a massive generational realignment taking shape, taking shape in response to the disasters this administration has created. the old coalitions are crumbling before our eyes. suddenly we re seeing hispanic voters, african and middle eastern immigrants as well as huge numbers of american born young men all running at remarkable speed from joe biden and the antihuman corporate neo liberalism he represents. nowhere is this trend more obvious in the rio grande valley of texas. that s a place which for generations has been a democratic party stronghold. as recently as twenty eighteen, a democrat called henry cuellar won his district in south texas with fully 84% of the vote. his district is 80% hispanic and for decades that meant it went democrat. but then last cycle that began to change two years ago a percentage of the vote plummeted by twenty six points in one cycle. the same thing happened to congressman filemon 1% gonzalez. they also represent districts on the border with mexi
so your first concern would be the price of diesel fuelir diesel fuel is what makes transportation possible in this country. virtually everything you buy in america arrived by diesel engine. our entire trucking fleet runsng on diesel. so doesuy every single freight locomotive in the united states. so diesel prices get too high. transportation secretary, transport stops the price ofth nearly everything becomes unaffordablein. af so inflation is directly connected to transportation and transportation requires diesel. it turns out the dieseltoat fuel prices are the key to a lot of the american economy. and you would know that your second concern if you were we transportation secretary would be domestic air travel. this is a huge country. it s far too big a country not to have reliable commercial flights from one place to another. businesses depend on the airlines and so the families for generations they ve been able to depend on the airlines. america has had the most efficient a
so in a very short time the poverty rate in venezuela doubled by nineteen ninety five . 66% of all venezuelans werehe impoverished. getting poorer tends to make voters radical. so inevitably venezuela gotbl radical politics. what happened next ? venezuela is now rated one of the most miserable places on planet earth. a few years ago, citizens in caracas were reduced toos eating zoo animals. there was no n food and for that matter there was no electricity. so in just half a lifetime an advance of society had reverted to the stone age. the states is not in danger of becoming venezuela next week, but we are moving closer to it . inflation is a big part of the reason of all a the economic crises a country can face. inflation isla the most dangeros inflation doesn t just make people poor. it totally destroysn their confidence in their leaders. the authorities who issued the now worthless currency they re using for toilet paper u inflation is not an act of god like a droughtin or a