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IPFS News Link • Inflation

Biden Economic Adviser Asserts That More Government Spending Will Solve Inflation Crisis

• Zero Hedge - Tyler Durden

Biden's "Build Back Better" efforts have been a phenomenal failure so far, but maybe that's because Americans just don't understand a good thing when they see it?

This has been Biden's argument on the state of the economy lately, as he persistently argues that there is no threat of recession because the US jobs market still "strong."  There is no mention from the White House regarding the fact that covid stimulus spending artificially drove up retail demand and created a temporary spike in jobs.  If they were to admit that layoffs are about to ramp up because the covid checks are gone and people's credit cards are maxed out because of inflation, then Biden would have nothing left to brag about.    

Biden economic adviser Cecilia Rouse responded to media question on the inflation situation in particular this week and offered even more propaganda, rather than an honest assessment of the dangers ahead.  Remember, this is the same administration that was still saying only a year ago that inflation was "transitory" despite all evidence to the contrary.  Yet, we're now supposed to trust their opinions on the potential for recession and solving inflation? 


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