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Monday, January 24, 2022

White House economic adviser Brian Deez pushes for spending to fix inflation

President Biden’s chief economic adviser, Brian Deez, continued to push for trillions more in government spending on Wednesday as the country grapples with rising inflation.

Deez, the director of the National Economic Council, was questioned several times during a White House press briefing about what the administration would do to tackle inflation after the Consumer Price Index saw the biggest year-over-year boost in December. About 40 years.

Brian Deez, Director of the White House National Economic Council, gestures during the daily White House press briefing on January 12, 2022 in Washington, DC (Anna Moneymaker/Getty Images/Getty Images)

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While he acknowledged that there is “a price increase that we need to deal with,” Deez credits the $2 trillion Biden-backed US rescue plan passed last year with reducing hunger and child poverty in the country and adding an additional multitrillion Proceed to plug the -dollar build. Back to Better Social Spending and the Climate Plan is now being pushed forward by the White House.

“We are going to focus on ways that we can address the specific pocketbook issues that face the American people, and this is one of the issues that is the key economic rationale behind the Build Back Better plan, Dees said.

“Because for working Americans who are benefiting from a stronger labor market and more job opportunities, but also struggling with costs – not just of food, but the cost of childcare or healthcare costs – build back better. Components of the plan will directly address these issues.”

Asked whether the administration plans to do anything urgently to address rising food costs, Dees said what it had already done was “historic,” but noted that there are supply chain issues. whom the White House plans to address.

Joe Biden

President Biden (AP Photo/Evan Vucci / AP Newsroom)

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Deez stressed that the inflation seen in 2021 has been a “global phenomenon” due to the pandemic.

This isn’t the first time Deez has pushed for the costly Build Back Better plan, which has been stalled in Congress, as a way to tackle rising inflation.

Biden’s chief economic adviser told ABC in November, “By providing affordable child care, affordable elder care, we’re going to help bring those people back into the workforce, which is practical while easing price pressures.” will also reduce the costs that Americans face.”

“That’s the case we’re going to make and that’s why it’s the right thing to do for the American people to deliver right now,” Deez said, pushing Congress to pass the plan.

inflation

Newly released data shows that inflation during the month of December rose at the fastest 12-month pace in nearly 40 years. It showed a 7% jump from a year ago, as prices for everything from gas to furniture rose for US shoppers. (Spencer Platt / Getty Images / Getty Images)

Following the CPI report on Wednesday, Joel Griffith, research fellow at the conservative Heritage Foundation, lambasted the Biden administration’s economic agenda, writing, “Low-income families and working Americans are particularly hard hit by skyrocketing prices because They spend a major chunk of their income on things like energy and used vehicles, which are growing at a faster rate overall.”

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Griffith noted, “The Biden administration has proposed permanently expanding government spending through the Build Back Better Act on top of trillions in new spending in recent months.

“The White House is sleeping at the wheel, and Americans will continue to pay for the negligence of the Biden administration until a change is made for their well-being,” the analyst continued. “This inflation isn’t going away, despite the administration’s claims to the contrary. They’ve been wrong on almost every economic forecast so far — this time will be no different.”

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