Posted on 11/07/2022 8:30:52 AM PST by John Semmens
In a bid to mute GOP criticism of President Biden's economic policies, Cecilia Elena Rouse, Chairperson of the President's Council of Economic Advisers, pointed out that "the production of new regulations since he took office is up by more than 45% over the level attained by Trump after his four years in office. The new 4,429 rules added since January 20, 2021 created new paperwork that has created jobs that otherwise would not have existed." She went on to "compare this with the fact that many of Trump's new rules actually eliminated unnecessary regulations and, thus, reduced job opportunities for file clerks and lawyers."
"On top of this, President Biden's decree to award up to $20,000 in debt relief checks to students to help them pay off part of their debt will inject more spending into the economy," Rouse said. "The website Intelligent.com found that the top spending plans for student loan relief checks included: Vacations (46%), Dining out (46%), Smartphones (44%), Investing in stocks (43%), Gifts (42%), Gaming systems (36%), Weddings (30%), Drugs/Alcohol (28%), Gambling (27%)."
Interestingly, the website survey noted that "73% of the respondents thought it would be wrong to spend this money on non-essentials." A respondent planning on doing just that pointed out "well, it was wrong for the President to bypass Congress to give us this money. My $20,000 'sin' is tiny compared to his billion dollar 'sin.'"
Rouse contended that "transferring money from the hands of greedy taxpayers to the hands of needy students cannot fairly be described as a sin. The core of progressive economic policy is to divert resources from selfish uses so they can be more productively used to promote social goals. Given that college graduates are far more politically progressive than the taxpayers our policies are dispossessing, both justice and growth will be served."
"This approach will be continued after the election when the President implements a windfall profit tax on energy producers and uses this money to subsidize the electricity purchased by those who vote for democracy in the upcoming election," Rouse added. "I advise taking a selfie of you and your ballot to use as proof of your entitlement to these subsidies."
If you missed any of the other Semi-News/Semi-Satire posts you can find them at...
https://www.gopbriefingroom.com/index.php/topic,484149.0.html
The only jobs he created are at the DEPENDS factory................
LOL-—”compare this with the fact that many of Trump’s new rules actually eliminated unnecessary regulations and, thus, reduced job opportunities for file clerks and lawyers.”
The local Food Banks are doing great and looking to expand!
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