Brian Deese is both an economic and political advisor to the President. He is the 13th Director of the National Economic Council, and he also served as a senior advisor to President Obama.
So, you’d think if he were asked what the President was doing about inflation and what we as a nation can do to cope with it, he’d come up with something better than, “We’re working on it,” and “Getting those shots into 5 to 11-year-olds” is key to stopping inflation.
Appearing on the ABC morning show and fielding a predictably softball question from George Stephanopoulos (former Clinton political operative), Dees was asked, “What can Americans expect in the short term? Is inflation going to get worse before it gets better? Is there anything President Biden can do in the short term?”
In the short term, Dees said, the country had to “finish the job on Covid” so that people would go out to a movie instead of buying a new television. This guy obviously hasn’t been at a movie theater lately that charges ten bucks for admission and eight bucks for a bag of popcorn.
Deese also believes that getting people back into the workplace will “return a sense of normalcy” to our economy. He failed to mention that people want to return to normal, but at $5-a-gallon gas, many are staying home. The return of bowing to OPEC and our country’s retreat from energy independence are due to the Biden administration’s fossil fuel phobias.
Deese’s most troubling comment was about vaccinating 5–11-year-olds. Getting the kids inoculated, according to Deese, will provide a level of comfort to families. Uh, yeah, but how does that relate to inflation? (It doesn’t.)
A better comprehensive solution to our country’s growing inflation would have been, “We’re going to get the government out of the way, and let market forces correct the problem.”
President Ronald Reagan said it best in his 1981 Inaugural Address: “Government is not the solution to our problem; government is the problem.” Our country was recovering from a Carter-era economic situation that completely baffled economists: 12 percent inflation accompanied by high unemployment. President Reagan’s solution was to remove government interference and allow prosperity to flow from the top down to the middle class.
The Biden Administration, on the other hand, wants to do the opposite. Using its power in instant debt creation, the plan is for the government to inject trillions in fake money into the American economy. In fact, the latest so-called bi-partisan infrastructure bill is mostly an FDR New Deal clone on steroids with LBJ-era government waste.
But the pork-laden nearly $1.2 trillion infrastructure spending plan is only the beginning. Democrats want another $1.7 trillion for loads of socialist goodies. Even the White House website admits the bill is socialist-inspired:
“President Joe Biden believes there’s no greater economic engine in the world than the hard work and ingenuity of the American people…”
That opening was from the Ronald Reagan playbook, but don’t be fooled. The opening continues:
“But for too long, the economy has worked great for those at the top, while working families get squeezed. President Biden promised to rebuild the backbone of the country—the middle class—so that this time everyone comes along…”
The plan is for the federal government to pave the middle-class road to prosperity with the most astonishingly eclectic array of madcap socialist cradle-to-grave spending programs that would make Sweden proud.
How is all this pie-in-the-sky spending going to happen without bankrupting our country? Don’t worry, say the White House bean counters. It’s all paid for. Actually, the White House uses the unambiguous adverb of “fully” when claiming the Build Back Better framework magically pays for itself.
The bill repeals the Trump-era tax cuts that lowered everyone’s tax burden. It also goes after corporations and reprograms billions of unspent unemployment payments refused by the states during the height of the 2020 pandemic. So, in the White House lexicon, “unspent” money no longer falls into the traditional budgetary category of “you use it, or you lose it.”
But the bottom line is that those trillions of government dollars place more inflationary pressures on our already stressed economy. All that free money can lead to additional scarcity in goods and services.