Democrats continue to insist that spending during a historic inflationary period is the solution to reverse America’s current economic downfall.
However, based on the economic advice Biden received, it appears the administration’s real intentions are seizing the U.S. economy and transforming it into a corporatized, dystopian version of global communism as seen in China and parts of Europe.
Biden has staffed his White House with some of the most insidious and corrupt members of corporate America, all of whom have convinced the cognitively deficient president that more spending is the cure for inflation.
Brian Deese currently serves as Joe Biden’s top White House economic adviser and has played an integral role in the “Build Back Better” policies that have since sent the U.S. on the verge of bankruptcy.
Deese has a sordid history working at one of the most insidious investment companies in the U.S. (BlackRock) after advising several prominent Democrats, such as Hillary Clinton and Barack Obama.
BlackRock is currently in the process of buying up all of America’s available homes and converting them into multi-family rentals, essentially transforming America’s suburbs into affordable housing ghettos.
As Biden’s top economic guy, Deese is attempting to do some damage control following the release of June’s inflation report put out by the Department of Labor.
Not only did Deese claim the inflation numbers were “backward looking,” he even urged for more federal spending while the country struggles to stave off a full-blown recession.
The Consumer Price Index has climbed 9.1% in the last year, the highest increase in a twelve-month period since December 1981. During a CNBC appearance, encouraged Congress to spend more on semiconductors to restore the economy.
WH economic advisor Brian Deese on inflation: “More urgency now than ever in congress moving to pass [new spending bills]”
— The Post Millennial (@TPostMillennial) July 13, 2022
Deese also touted the slight decrease in gas prices which has occurred over the past month.
The price for a gallon of gas is down about 38 cents from the price last month, according to AAA.
In January, House Democrats advanced a bill aimed to increase the manufacturing of semiconductors that will cost the American taxpayer a cool $52 billion during a period of record-high inflation. The Senate version also passed and both chambers are currently debating the bill’s scope.
Deese has also been instrumental in coming up with ways to fund a proxy war in Ukraine — all on the taxpayer’s dime.
Author: Robert Bogart