Obama’s Chief Economist Speaks Out Against Biden’s Plan to Stop Inflation

You know the economy is bad when Barack Obama’s former chief economist is coming forward to warn the country that Biden’s plan to save the economy is actually going to make it worse.

That’s the report from Jason Furman, who recently appeared on “Face the Nation” on CBS to discuss Biden’s latest plan to reduce inflation. When asked if he thought the plan to tax the wealthy would help, Brennan said the tax as well as the left’s anti-price gouging bill are essentially useless.

Worse, the bill could make shortages even more severe. In addition to inflation, there’s the concern with corporate greed that could drive up prices and profits even more.

 

Furman noted that a similar strategy was used in the 1970s and ended in total failure. The Biden plan is not an answer. It’s more of a band-aid to cover a major wound that is insufficient to address the need.

Instead of legislating the economy, how about getting out of the way of businesses so oil and gas companies can operate freely, small businesses can operate with fewer regulations and we can actually get something done as a nation?

That’s the real progress we need, but it doesn’t look like it’s going to come from the progressives in Congress. Watch now for the full report and how it will impact you.


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6 thoughts on “Obama’s Chief Economist Speaks Out Against Biden’s Plan to Stop Inflation”

  1. The only plan biden has is to screw Americans out of their hard earned money for his insane woke “infrastructure” plan. He wants to be known as the guy that saved the planet! He wants a statue erected in his honor. The statue is the only good idea he has. After all, pigeons need a place to take a dump!

  2. This mess has NOTHING to do with supposed corporate greed and everything to do with democrat stupidity.

  3. Demonrats have a habit of spending someone else’s money & slapping themselves on the back for it. Everything the demonrats touch turns to a shit storm, disaster. Liberalism is a mental sickness brought on by demonic possession. This explains why demonrats are ok with pedophilia & sodomites.

  4. As a senior citizen myself, I do have sympathy for Biden. Where are his caretakers? Shouldn’t one of them sit him down and explain that it’s time to hang up his political career and let someone who is is more energetic and knowledgeable take over? A whole country is a vast responsibility and it requires common sense, leadership ability, and ENERGY (pun intended). Biden, you tried. Go home!!

  5. Why is everyone thinking that the Biden agenda is not a plan that is working the way it was planned? Socialism can only flourish when time is right and an economy that is flourishing is not the right time

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