Economic Experts Trash Biden for His Plan to Fight Inflation
Biden has taken fire for his COVID-19 relief bill, in particular. It cost nearly $2 trillion and created federal unemployment benefits that reports show increased unemployment.
Inflation has risen steadily since President Joe Biden took office, and his new plan to fight rising prices has been met with skepticism by critics.
Biden vowed to fight inflation during his State of the Union address by pushing a “buy American” agenda.
“One way to fight inflation is drive down wages and make Americans poorer,” Biden said. “I have a better way to fight inflation: lower your costs, not your wages.”
Biden emphasized the role of the supply chain, not soaring federal spending, as the cause of inflation.
“We’re going to make more cars and semiconductors in America," Biden said. "More infrastructure innovation in America. More goods moving faster and cheaper in America. More jobs that you can earn a living, a good living by, here in America. Instead of relying on foreign supply c