• Latest
  • Trending
  • All
  • News
  • Business
  • Lifestyle
Biden Adviser Suggests It Is Not ‘Tone-Deaf’ to Call for Trillions of New Spending Amid Record High Inflation

Biden Adviser Suggests It Is Not ‘Tone-Deaf’ to Call for Trillions of New Spending Amid Record High Inflation

June 21, 2022
Judge Continues Block On Defunding Planned Parenthood

Judge Continues Block On Defunding Planned Parenthood

July 11, 2025
President Of ICE-Raided Pot Farm Doled Out Thousands In Donations To Newsom, Dems

President Of ICE-Raided Pot Farm Doled Out Thousands In Donations To Newsom, Dems

July 11, 2025
Tariffs Help US Government Post Unexpected June Surplus

Tariffs Help US Government Post Unexpected June Surplus

July 11, 2025
STEVE MILLOY: Climate Activists Wipe Out While Surfing The Tragic Texas Flooding

STEVE MILLOY: Climate Activists Wipe Out While Surfing The Tragic Texas Flooding

July 11, 2025
Iranian Group Reportedly Offers $40 Million Bounty On Trump For ‘Cause Of Allah’

Iranian Group Reportedly Offers $40 Million Bounty On Trump For ‘Cause Of Allah’

July 11, 2025
Organizers Cancel Event After Threats Pile On Against Award-Winning Cartoonist For Offensive Texas Flood Post

Organizers Cancel Event After Threats Pile On Against Award-Winning Cartoonist For Offensive Texas Flood Post

July 11, 2025
California US Attorney Eviscerates ‘Unserious’ Gavin Newsom For Railing Against ICE’s Raid On Marijuana Farm

California US Attorney Eviscerates ‘Unserious’ Gavin Newsom For Railing Against ICE’s Raid On Marijuana Farm

July 11, 2025
Boston Health Commission Employee Arrested In Connection To Fatal Shooting

Boston Health Commission Employee Arrested In Connection To Fatal Shooting

July 11, 2025
New Mine Inches America Closer To Unshackling Itself From China

New Mine Inches America Closer To Unshackling Itself From China

July 11, 2025
‘I’m Not Built For This’: George Santos Tells Tucker Carlson He Might Not ‘Survive’ Prison

‘I’m Not Built For This’: George Santos Tells Tucker Carlson He Might Not ‘Survive’ Prison

July 11, 2025
ICE Rescues Children At Marijuana Farm – LA Mayor Responds With Sanctuary Order

ICE Rescues Children At Marijuana Farm – LA Mayor Responds With Sanctuary Order

July 11, 2025
Clinton for Prison? Ex-DNI Ratcliffe Says 'Enough Evidence' to Indict 'Multiple People' – Report

Facebook Smacks Hillary Clinton With Community Note Over Abortion Claim

July 11, 2025
  • Donald Trump
  • State of the Union
  • Elon Musk
  • Tariffs
  • Congress
  • Faith
  • Immigration
Saturday, July 12, 2025
  • Login
IJR
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls
No Result
View All Result
IJR
No Result
View All Result
Home Commentary

Biden Adviser Suggests It Is Not ‘Tone-Deaf’ to Call for Trillions of New Spending Amid Record High Inflation

by Bradley Cortright
June 21, 2022 at 2:55 pm
in Commentary
247 5
0
Biden Adviser Suggests It Is Not ‘Tone-Deaf’ to Call for Trillions of New Spending Amid Record High Inflation
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

A basic description of inflation is “too many dollars chasing too few goods.”

And as inflation in the U.S. is hovering at a 40-year-high, the Biden administration is continuing to push for the pass of the massive $2 trillion Build Back Better spending package.

During an appearance on CNBC on Tuesday, Cecilia Rouse, the chair of the Council of Economic Advisers, was asked, “Is it possible as Americans are feeling that pain that that message is a little tone-deaf? And could have really kind of negative impact in terms of consumer sentiment.”

“So, I’m not sure which part is the tone-deaf…” Rouse began.

When asked specifically if the “focus on the spending money” was tone-deaf, she responded, “[President Joe Biden] is focused on reducing costs for some of the most important items for Americans.”

“These are the kinds of investments we need to make, they spend out over time,” she continued.

Watch the video below:

CNBC to WH’s @CeciliaERouse: Isn’t it “tone deaf” to still be pitching the $6 trillion Build Back Better bill when Americans are suffering historic inflation?

Rouse: "I’m not sure which part is the tone-deaf" pic.twitter.com/IvTdy6Lr6B

— Tom Elliott (@tomselliott) June 21, 2022

The exchange comes after the latest inflation report found that the consumer price index rose 8.6% in May, the highest pace since Dec. 1981.

According to one estimate, inflation is costing people roughly $460 extra per month, and if you’re on a fixed income or a low-income American, that’s going to bite.

Biden officials like to blame Russian Vladimir Putin for inflation, as well as the COVID-19 pandemic.

And one adviser to the Democratic National Committee argued that blocking the Build Back Better spending package is actually fueling inflation.

However, some economists estimate that President Joe Biden’s $1.9 trillion Covid spending package passed last year added between two and four percentage points to inflation.

As CNN notes, several economists predict that at least in the short term, passing Build Back Better could lead to an uptick in inflation.

(Here at Independent Journal Review, we’ve been documenting the Biden administration’s numerous failures to tame price increases. We’ll continue documenting them. You can help by subscribing.)

Rather than apparently consider that they might be wrong, the administration seems convinced that the solution to inflation is to keep pushing the policies that helped get us where we are today.

And at the same time, after failing to predict that inflation would surge after pumping trillions of dollars into the economy, the administration wants Americans to just trust them that more spending packages will help to bring prices down.

Tags: InflationJoe Biden
Share196Tweet123
Bradley Cortright

Bradley Cortright

IJR, Senior Writer He's written for Independent Journal Review since 2019.

Advertisements

Top Stories June 10th
Top Stories June 7th
Top Stories June 6th
Top Stories June 3rd
Top Stories May 30th
Top Stories May 29th
Top Stories May 24th
Top Stories May 23rd
Top Stories May 21st
Top Stories May 17th

Join Over 6M Subscribers

We’re organizing an online community to elevate trusted voices on all sides so that you can be fully informed.





IJR

    Copyright © 2024 IJR

Trusted Voices On All Sides

  • About Us
  • GDPR Privacy Policy
  • Terms of Service
  • Editorial Standards & Corrections Policy
  • Subscribe to IJR

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls

    Copyright © 2024 IJR

Top Stories June 10th Top Stories June 7th Top Stories June 6th Top Stories June 3rd Top Stories May 30th Top Stories May 29th Top Stories May 24th Top Stories May 23rd Top Stories May 21st Top Stories May 17th