Joe Biden is saying we can basically spend our way out of inflation.
Does anyone believe this? It goes against the most basic concepts of math.
He is desperate for his party to pass their latest massive spending bill. That’s what this is really all about.
FOX Business reports:
Biden insists massive government spending will tamp down inflation
President Biden said Monday that Congress needs to pass his sweeping economic agenda in order to tamp down rising inflation amid concerns that another burst of government spending will act as an accelerant to already rapidly rising consumer prices.
“As our economy has come roaring back, we’ve seen some price increases,” the president said, speaking from the White House. “Some folks have raised worries that could be a sign of persistent inflation. But that’s not our view.”
Biden said that his administration was doing “everything we can” to address the higher-than-expected inflation, but he pushed back against fears of persistent inflation and maintained his stance the recent surge in consumer prices is temporary.
“Look, we brought this economy back from the brink. There are going to be ups and downs,” he said. “Reality is you can’t flip the global economic light back on and not expect this to happen. As demand returns, there’s going to be global supply chain challenges.”
Watch the video below:
INFLATION: President Biden says fears of persistent inflation are unwarranted, and that price increases will be temporary. pic.twitter.com/rGDwxWnJLf
— Forbes (@Forbes) July 19, 2021
Some people have noticed a pattern.
Evolution of the WH comms strategy:
There is no inflation –>
Inflation will go away soon –>
You saved 16 cents on hot dogs! –>
Actually inflation is a good thing https://t.co/URTQlRUn5t
— Abigail Marone (@abigailmarone) July 19, 2021
When you add $3.5 trillion plus in new debt in an environment of rising interest, prices will go…down? He is really targeting the dumbest Americans with this messaging. https://t.co/ZL0xCoAKRS
— Gary Collard (@LakerGMC) July 19, 2021
You can’t blame Democrats for trying, right?