A former top economic advisor to President Trump has said that Joe Biden’s infrastructure plan will lead to economic disaster.

Stephen Moore is criticizing Joe Biden’s $6 trillion spending plan. In an interview on Sunday, Moore said the economy is continuing to recover after COVID-19 lockdowns, and yet another round of fiscal stimulus is not necessary. Moore, an economist in the Trump administration, Moore says passing President Joe Biden’s $2 trillion debt bill would be the “dumbest thing” as the inflation rate continues to climb.

“If you look at what’s happening with basic raw materials and problems in the supply chain, you just see prices across the board rising,” said Moore, who also appeared on Newsmax’s “The Count” with Peter Morici on Saturday.

He added the biggest danger to the economy is raising taxes, which Biden claimed is necessary to fund his spending proposals. Moore also criticized Biden’s proposals to extend higher unemployment benefits, saying it prevents Americans from seeking jobs. He continued on to say it hurts small and medium businesses.

“Connecticut, Rhode Island, New York, New Jersey are continuing with those benefits, and that means it’s going to be a real burden on small businesses in states like that because it’s hard to compete with your rich Uncle Sam when you’re trying to get your workers back on the job,” said Moore.

Meanwhile, Democrats in Congress are pushing Biden to approve a fourth stimulus check, but Morici, taking a jab at Rep. Alexandria Ocasio-Cortez, D-N.Y., commented that the White House “shouldn’t take the advice of former bartenders with regard to fiscal policy.”

“We have adequate stimulus in the system,” said Morici. “Folks have lots of money in their checking accounts because they haven’t spent what we’ve already sent them and their credit card balances are very, very low.”

“The bottom line is, do we start to see people get into an inflationary psychology, where businesses start the notion that they will have to raise prices every year?” said Morici.

“During the Trump years, wages went up; minorities did better, living standards improved. The businesses were able to couple this with productivity improvements, which kept prices in check. So that was a very virtuous cycle.”

Now with Democrats in charge, they’re following the “usual impulse” to raise prices, said Morici.

Moore agreed, saying, trillions of dollars have been pushed into the economy, and as a result, the consumer price index is up, but “it’s kind of phony,” said Moore.

“We’ve inflated all of this because of these giveaways,” he said. “One of the reasons the Wall Street has been on this bull market is that I believe we reached what I call peak Biden. What I mean by that is, I think that the wind is out of Biden’s sails.”

 

3 thoughts on “Top Economic Adviser Says Biden Plan Will Be a Disaster!”
  1. The blind leading the blind. How can you see over the horizon if you can’t see what is in front of you?

  2. Do not pass this bill as we may need but not just now he is just being political in this bill.

  3. As a family of apksplus.com , it is a free platform where you can Access popular games, apps and cheat games. You can easily download and enjoy applications from our platform that you can Access , such as all the features of programs that require in app or in game purchoses without paying add tional free as if you have purehosed them

    Recently published on our site popular games popular apps and most downloaded content download to your device for free and all features you can use in a working stote as if you hod purchosed them

    Most Popular Apk Files

    You can download PUBG mobile Uc cheat and current PUBG Mobile cheats for PUBG mobile game, which is actively played by millions of users arond the Word through our site and enjoy the full pleosure of your game. As another popular gamet he cheats for Word of tanks and mony othe popular game cheats you can Access through our site

    You can take advantage of apps and games that are fraudulently shared on our platform.

    What is APK ? What is APK File ?
    APK comes from the abbresiotion of the Word android package kit in its Word meaning it is a file format used for app distribotion and easy installation on android devices the exe file used on Windows is used bu apk as the installation file in android with the APK file you can easily download and install on application that has been romoved from the market or modified by a different developer on your device

    How To İnstall APK File ?
    When you download any paid apps on the market place you do not have Access to any APK files as they are installed drectly on your device. You may be oble to get the APK file of any application on the Play Store However this is a a very laborious task since alternatively you need to install an application.

    Aksplus.com any application or gamet hat you have downlıaded via the APK File will prompt you to install it as a worning when you g oto the section that you have download and click on the APK File and after seeing this warning you will only have to look at the install button. The APK File you downloaded withing a certain period of time after pressing the button will be uploaded to you device.

    APKsplus.com Family

Comments are closed.