Tommy Pigott | Republican National Committee
Biden Treasury Secretary Janet Yellen just confirmed what we already know: Biden’s inflation set the stage for the current banking crisis.
Biden fueled inflation, which forced the Fed to raise interest rates, which undermined the banks.
Don’t agree Biden fueled inflation? Don’t take our word for it – even liberal economists agree that Biden’s destructive agenda fueled inflation:
- Former Obama advisor Steven Rattner: “The $1.9 trillion American Rescue Plan passed in the early days of the Biden administration will go down in history as an extraordinary policy mistake.”
- Former Obama and Clinton economist Larry Summers: The “tremendous wall of money” that the Democrats spent “created [inflation] problems.”
- Former Obama economist Jason Furman: Biden’s spending was “too big…don’t know any economist” who supported that much.
- Biden Treasury Secretary Janet Yellen: Biden and the Democrats’ $1.9 trillion stimulus was one of the “factors that are involved in inflation.”
Now, Biden wants to make the same mistakes with his disastrous $6.9 trillion “budget.” Thanks for nothing, Joe Biden.
Tommy Pigott is the Republican National Committee’s rapid response director. Follow the RNC on Twitter: @GOP.