The post Joe Biden Claims Massive Government Spending Will Tamp Down Inflation (VIDEO) appeared first on American Lookout.
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