Posted on 08/26/2023 8:21:54 AM PDT by ChicagoConservative27
On Friday’s broadcast of CNBC’s “Squawk Box,” White House Council of Economic Advisers Chair Jared Bernstein stated that the Biden administration has “many” policies that are designed to provide stimulus “as the fiscal stimulus from the pandemic-era responses fades.” And the Inflation Reduction Act is one of those policies.
Bernstein said, “I can tell you that, from the White House perspective, we’re doing all we can to…maintain the gains that we’ve had while continuing to make progress against inflation. And, look, you mentioned fiscal, many of our policies are geared towards kind of coming up and making sure that we have enough economic activity in this economy going forward as the fiscal stimulus from the pandemic-era responses fades. And so, that would be IRA, chips, so on.”
(Excerpt) Read more at breitbart.com ...
Their idea of gains is digging the hole deeper.
Inflation Reduction Act??? You mean like Inflation Resumption Act? Until inflation reduction actually shows up in the market place, it is not reduction & I’m still seeing inflation (some of it quite a bit) in the market place. There is a process that must go into reducing inflation that has to go into place first. Part of it would be changing energy rules(like forget “green energy”) so as to get transportation costs down. That would seem to me to be the first step.
Remember when we called all this mindless spending pork?
Communist regimes depend upon constant lies being fed to mindless subjects
Just sayin’
Inflation reduction act LOL, LOL, I am in CA. 2 weeks ago gas was $4.17 went to get gas yesterday it was $5.65!!
Remember, when these people explain stuff to you and
they use terms such as...”it’s kind of like” it means
they think you are not smart enough to understand what
they are talking about.
Another stimulus bill and bread will cost $50 a loaf.
So you are using stimulus to fight inflation? I must have missed that chapter in my Econ 101 textbook.
The LAST thing the economy needs right now is more stimulus. The infrastructure spending is JUST coming into fruition now.
The COVID bills, from both administrations, were disasters. We need to suck all that garbage out of the economy, go through the destructive phase, and start again. I understand the timing of that does not “synch” with the election cycle—but it is going to happen anyway.
All Biden’s perverts, thugs, incompetents and goons are probably a bunch of liars too....
Destroying the US dollar is good for the Earth — or something.
Their solution? Pouring more borrowed Billions into the money supply. But it will be different this time, right?
We spent trillions but where does all that money go? Dont know for sure but we see inflation going nuts. That’s one thing being stimulated and in turn, interest rates are being stimulated.
Get rid of all the climate change cr** in the budget...then you’ll be doing something....for the people.
Destroying the US dollar is good for the coming Cashless Globalist Digital Currency
Yep, it has gone back up here in AZ after dropping below $4.
I believe that they do understand basic economics.
This is intentional harm. Following obama’s playbook.
And someone along the line is getting their 10%.
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