Bidenflation - The Facts from the House Ways and Means Committee

Jun 7, 2022 · 2m 7s
Bidenflation - The Facts from the House Ways and Means Committee
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Democrats Fueled the Inflation Fire. Analysis confirms that inflation has increased since the day President Biden took office in January 2021, and began its rise to the fastest rate in...

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Democrats Fueled the Inflation Fire.

Analysis confirms that inflation has increased since the day President Biden took office in January 2021, and began its rise to the fastest rate in 40 years the month directly after Democrats rammed through their partisan $2 trillion so-called COVID stimulus in March 2021.
Former Obama-Biden Administration officials including Director of the National Economic Council Larry Summers and former Chairman of the Council of Economic Advisers Jason Furman warned against Democrats’ $2 trillion bill.
The Treasury Department is disputing new reports that officials lobbied privately to cut the price tag of the Administration’s nearly $2 trillion COVID stimulus by a third due to inflation concerns.
Analysis from the San Francisco Federal Reserve finds that U.S. core inflation is higher than other nations – and attributes a part of it to the $2 trillion “stimulus.” These findings were echoed in a report from the nonpartisan Congressional Budget Office (CBO).
The St. Louis Fed found that had states across the country ended unemployment bonuses, employment would have increased by 1.6 million jobs – bolstering our economic recovery.
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Author Jay Parnassa Shapiro
Organization Jay Parnassa Shapiro
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