In fact, Biden’s people claim that the only way to stop all this economic carnage is for more Americans to roll up their sleeves and take the “Operation Warp Speed” shots. Until then, the economy will continue its downward spiral into oblivion.
“Is there anything President [sic] Biden can do” to address inflation, asked ABC “This Week” host George Stephanopoulos to Biden advisor Brian Deese in a recent interview.
“Number one: We have to finish the job on covid,” Deese responded. “Getting those shots out to five- to 11-year-old is gonna provide a lot of comfort to American families.”
You read that right: One of Biden’s key advisors says that the cure for America’s economic woes is Fauci Flu jabs – not reining in the Federal Reserve or ending Wall Street’s corruption of the “free market.”
You can watch the video interview with Deese below:
Stephanopoulos: “Is there anything President Biden can do” to address inflation?
Biden advisor Brian Deese: “Number one: We have to finish job on COVID…getting those shots out to 5-11-year-olds is gonna provide a lot of comfort to American families.”
— Breaking911 (@Breaking911) November 15, 2021
Former Obama economic advisor blasts Biden for getting inflation “so wrong”
Steven Rattner, a former economic advisor for Barack Hussein Obama, is not pleased with Deese’s assessment of the situation.
He wrote a guest essay for The New York Times that blasts the Biden regime for getting the critical issue of inflation “so wrong.” Rattner also reminded Democrats in general that he and other economic experts “warned” about this in the past.
The U.S. Consumer Price Index is currently the highest it has been in 30 years, with prices up 6.2 percent on average compared to just one year ago.
Rattner worked as a counselor to the Treasury Secretary under Obama and has donated hundreds of thousands of dollars to Democrats, according to Federal Election Commission findings.
“How could an administration loaded with savvy political and economic hands have gotten this critical issue so wrong?” Rattner asked in his op-ed.
The nightmare began, at least under Biden, with the $1.9 trillion Chinese Virus relief package that Biden signed earlier this year.
“The original sin was the $1.9 trillion American Rescue Plan, passed in March,” Rattner further wrote.
“The bill – almost completely unfunded – sought to counter the effects of the Covid pandemic by focusing on demand-side stimulus rather than on investment. That has contributed materially to today’s inflation levels.”
Deese added that Larry Summers, a former Treasury Secretary and Deese’s “boss” while working for Obama warned about this runaway spending numerous times.
“We worried that shoveling an unprecedented amount of spending into an economy already on the road to recovery would mean too much money chasing too few goods,” Rattner added.
Rattner also opposes Biden’s “Build Back Better” (6uild 6ack 6etter) initiative, which aims to shovel even more fiat funny money into the system. Doing this will only make the inflation situation worse and possibly ignite hyperinflation.
Rattner says this spending package “front-loads spending while tax revenues arrive only over a decade,” citing research from the Committee for a Responsible Federal Budget.
Adding $800 billion or more to the deficit over the next five years, Rattner further warned, will create “exacerbating inflationary pressures.”
Rattner is advising the Biden regime to immediately reverse course and start adopting “fiscal discipline,” though to him this should include tax increases. The writer would suggest reducing taxes and simply stopping all the runaway spending.
“Gotta give the kids something,” tweeted one person jokingly in response to Deese’s suggestion that covid jabs will cure all of these economic problems. “It’s not like their parents are going to be able to afford Christmas presents this year.”
More of the latest news about the Biden regime’s failure to understand basic economics can be found at Collapse.news.
Sources for this article include: