Joe Biden’s economic policies have led to high inflation rates. One America’s Alicia Summers discussed this, and the general state of the American economy, with economist Brent Wilsey, president and CEO of Wilsey Asset Management.
Sen. Mike Lee (R-Utah) joined his Republican colleagues in condemning the Democrat-backed infrastructure bill. In an interview with WABC talk radio Sunday, he said if the bill passes then it will create a “reverse Robin Hood” effect where the government robs the poor to support the rich.
House Minority Leader Kevin McCarthy (R-Calif.) took aim at Joe Biden and the House of Representatives during his weekly press briefing.
Republican representatives have taken aim at Democrats for the spike in inflation. During a press briefing on Tuesday, House GOP Chair Elise Stefanik (R-N.Y.) and House Minority Whip Steve Scalise (R-La.) railed against Joe Biden for allowing American families to suffer under the weight of rising prices.
Joe Biden attempted to downplay inflation concerns during a speech on his administration’s handling of the economy. Speaking at the White House on Monday, Biden touted the highest economic growth rate in 40 years as the U.S. started to reopen from coronavirus lockdowns.
Joe Biden has reportedly begged the U.S. Central Bank to curb inflation that has been spiraling out of control under his watch. According to reports on Monday, Biden asked Federal Reserve Chair Jerome Powell to do “whatever it takes” to control inflation.
Joe Biden has continued to downplay massive inflation and touted a recovering economy even as markets have nosedived. During a speech at the White House on Monday, Biden claimed capitalism was alive and well under his leadership.
Mitch Roschelle, Founding Partner at Macro Trends Advisors, joins Wall to Wall to discuss the latest economic data on retail sales and consumer sentiment about the economy.
Inflation is running hot but the Fed is holding steady on its accommodative policy.