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White House financial adviser Brian Deese is pushing for spending fixes




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

Deese, director of the National Economic Council, was questioned several times during a White House press briefing on what the administration would do to tackle inflation after the 7% consumer price index showed that December had the largest year-on-year increase in nearly 40 year.

White House financial adviser Brian Deese is pushing for spending fixes

White House Director of the National Economic Council Brian Deese gestures as he speaks at the White House daily press briefing January 12, 2022 in Washington, DC (Anna Moneymaker / Getty Images / Getty Images)

BRIAN DEESE: WHAT TO KNOW ABOUT THE DIRECTOR OF BIDEN’S NATIONAL ECONOMIC COUNCIL

Recognizing that there are “price increases we have to deal with,” Deese credited the Biden-backed U.S. bailout plan adopted last year to reduce the nation’s hunger and child poverty of $ 2 trillion, and continued to plug the extra multibillion dollars. Build. Back Better social spending and the climate plan are now being pushed by the White House.

“We will continue to focus on the ways we can address the typical wallet problems that the American people face, and this is one of the problems why the core economic logic behind the Build Back Better Plan is important,” Deese said.

“Because for working Americans who benefit from a strong labor market and more job opportunities, but who also struggle with costs – not only for food but also childcare costs or health care costs – the components of the Build Back Better Plan would directly address these issues. . “

When Deese was pressured to see if there was anything immediate the administration planned to do to meet rising food costs, Deese said what they had already done was “historic”, but noted that there were supply chain issues the White House planned to address.

Joe Biden

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

THE WHITE HOUSE IN DEFENSE OF INCREASING INFLATION WHEN REPUBLICANS APPLY “WAGE CHECKS HAVE BEEN DEVELOPED” OF HIGH PRICES

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

This is not the first time Deese has pushed for the costly Build Back Better plan, which has stopped in Congress as a way to combat rising inflation.

Biden’s senior financial adviser told ABC in November: “By providing affordable childcare, affordable elderly care, we will help get these people back into the workforce, which will reduce price pressures while reducing the practical costs that Americans face. . “

“That’s the thing we’re going to do, and that’s why delivering right now to the American people is the right thing to do,” Deese added, urging Congress to adopt the plan.

inflation

Recent data shows that inflation grew at its fastest 12-month pace in almost 40 years during the month of December. It showed a jump of 7% from a year earlier, when prices rose on everything from gas to furniture for American shoppers. (Spencer Platt / Getty Images / Getty Images)

Following the CPI report on Wednesday, Conservative Heritage Foundation fellow Joel Griffith slashed the Biden administration’s economic agenda, writing: “Lower-income families and working Americans are particularly hard hit by sky-high prices because they spend a larger share of their income on things like energy and used vehicles, which are rising faster than the total speed. “

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

“The White House has slept at the wheel, and Americans will continue to pay for the Biden administration’s ruthless disregard for their well-being until there is change,” the analyst continued. “This inflation will not go away, despite the administration’s claims to the contrary. They have been wrong about almost all economic forecasts so far – this time will not be any different.”



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