Biden Advisor Says America Needs To Spend More To Get Out Of The Inflation Crisis, Despite That Being The Cause Of Inflation

If there is one thing that Biden has guaranteed since he took office, its this; he manages to hire the most incompetent staff possible, who don’t have the foggiest idea what they are doing in their jobs.

Apparently, an “economic advisor” to Joe Biden, is saying that what America needs to do to combat the crippling inflation that has taken hold – is spend more money.

Cecilia Rouse, chair of the Council of Economic Advisers, made the claim during an interview with Joe Kernen, a news anchor for the CNBC program “Squawk Box,” who asked Rouse if she still supports what the White House had said about the inflation crisis being a “transitory stage.”

Rouse said that the current inflation was caused by the covid pandemic and that the economy will return to normal once production gets back to pre-pandemic levels.

“It was related to the pandemic as opposed to a kind of inflation in which we have anchored expectations, and we have really entrenched inflation,” she said.

It seems that Rouse has been living under a rock for the past year or so, however, because the inflation was largely caused by the mass printing done by the Federal Reserve.

In 2020, over $6 trillion was printed and distributed to American citizens via stimulus and the Paycheck Protection Program loans during the covid lockdowns, destroying the value of the dollar and the schemes were exploited and billions of dollars simply disappeared from the coffers.

There is no doubt that if former President Donald Trump had not been bumped from his position by Joe Biden, Americans would be experiencing a very different situation right now – Trump was a tireless worker, who broke records with his management, a hard job when the Obama administration had also been busily destroying the American economy.

Rouse never mentioned that the current inflation is because the Federal Reserve created over $6 trillion in 2020 to supply the government with currency for COVID checks and Paycheck Protection Program loans during the lockdowns. Exponential government spending gives the Fed an excuse to print more money and destroy the value of dollars.

Later in the interview, Tom Farley, the Far Peak Acquisition Chairman and CEO joined Kernen and Rouse and asked her if now the time for the Biden administration is to push for further spending through the Build Back Better Bill – the legislative agenda that would pour money into social services, infrastructure and environmental programs.

Rouse said that the agenda was a good investment into America’s economy.

“Parts of Build Back Better include addressing costs, such as prescription drugs. It includes making investments to make the transition to clean energy which we know we need to be making as well,” said Rouse. “So that’s not the kind of dollars that is a stimulus, it’s investment, and it’s the kind of investments that actually pay for themselves over time. So that’s smart economic policy right now.”

The economic advisor then claimed that Biden is “focused” on lowering gas prices, while spending more taxpayer dollars on “green energy.”

Rouse further claimed that Biden is focused on lowering gas prices while also spending taxpayer dollars on more renewable energy.

Farley, who is a financial expert himself, said that the government had a “tone-deaf” approach to the inflation crisis. Rouse doubled down.

“He’s focused on reducing costs for some of the most important items for Americans,” she said. “Reducing prescription costs, reducing costs for childcare, helping people get back to work because they are able to balance responsibilities at home and at work. So, these are the kinds of investments we need to make, they spend out over time.”