W.H. Economic Adviser Rouse: We're in a 'Different' Situation Than When Obama Bashed Gas Tax Holiday

W.H. Economic Adviser Rouse: We're in a 'Different' Situation Than When Obama Bashed Gas Tax Holiday


On Tuesday’s broadcast of CNBC’s “Squawk Box,” White House Council of Economic Advisers Chair Cecilia Rouse, who also served on the Council of Economic Advisers during the Obama administration stated that we are in “a different economic situation” now than when former President Obama dismissed a gas tax holiday as a “gimmick[.]”

Co-host Joe Kernen asked, “Did you agree with him back then? And have you changed your view, or is it different this time around?”

Rouse responded, “Look, this is a different economic situation. Right now, we are coming out of a global pandemic — or at least we hope we’re coming out it. We have Russia’s war on Ukraine. There’s a lot of uncertainty. We have record inflation. And so, this president,

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