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Chuck Schumer Argues Spending Trillions Will ‘Ease Inflation Pres­sures’
Bretibart ^ | 07/21/2021 | Wendell Husebo

Posted on 07/21/2021 9:21:23 AM PDT by ChicagoConservative27

Senate Majority Leader Chuck Schumer (D-NY) will release a report Wednesday that argues spending trillions will “ease inflation pres­sures.”

The report, written by Moody’s chief economist Mark Zandi, claims inflation worries are “overdone,” because “much of the additional fiscal support … is designed to lift the economy’s longer-term growth potential and ease inflation pres­sures,” according to Axios

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: argues; schumer; spending; trillions
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To: ChicagoConservative27

We don’t even have to extract his head from out of his ass to know.

It’s both.


21 posted on 07/21/2021 9:30:35 AM PDT by Rurudyne (Standup Philosopher)
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To: ChicagoConservative27

Noted economist Schumer must have consulted with that other noted economist, Krug Paulman of the New York Slimes...


22 posted on 07/21/2021 9:31:31 AM PDT by an amused spectator (Mitt Romney, Chuck Schumer's p*ssboy)
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To: ChicagoConservative27
Evil. He should be arrested for promoting ignorance and destruction.
23 posted on 07/21/2021 9:32:02 AM PDT by Vision (Elections are one day. Reject "Chicago" vote harvesting. Election Reform Now. Obama is an evildoer.)
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To: ChicagoConservative27

Both, but hey he’s a Democrat, they just can’t help it, like the story of the frog and the scorpion.


24 posted on 07/21/2021 9:32:16 AM PDT by rellic
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To: rightwingintelligentsia

Hey, Dems, if your house is on fire should I spray some gasoline into it? Gas is wet and wet stuff like water slows down a fire, right?

Good thing for the Dems it’s “other people’s money”——ours.
Otherwise people might get mad they have to pay a lot more for groceries, gas, clothes, utility bills and everything else in their lives. If Dems are doing this it must be for a good cause.


25 posted on 07/21/2021 9:32:31 AM PDT by frank ballenger (You have summoned up a thundercloud. You're gonna hear from me. Anthem by Leonard Cohen)
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To: The Great RJ

Obviously Chuck is ignorant of economics and doesn’t seem to remember the Carter years with double digit inflation and rising unemployment.

Sure he does...”Good times!”.


26 posted on 07/21/2021 9:33:12 AM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: ChicagoConservative27

is he arguing with himself?


27 posted on 07/21/2021 9:33:18 AM PDT by Leep (Save America. Lock down Joe Biden!)
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To: Red Badger

Spending money you don’t have — going deeper into debt — so that you can intentionally inflate the currency — so that you can more easily pay off the debt — that you just expanded?

Seems like a typical Democrat idea.


28 posted on 07/21/2021 9:33:26 AM PDT by ClearCase_guy
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To: ChicagoConservative27
Clean up NYC, Chuck!


29 posted on 07/21/2021 9:33:42 AM PDT by Theoria
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To: ChicagoConservative27

Just evil. He KNOWS it’s bullcrap...


30 posted on 07/21/2021 9:33:42 AM PDT by Dead Corpse (A Psalm in napalm...)
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To: ChicagoConservative27

Now he’s smoking dope …


31 posted on 07/21/2021 9:34:50 AM PDT by 11th_VA (Joe Manchin is the defacto President )
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To: ClearCase_guy

They have done this before......................


32 posted on 07/21/2021 9:35:29 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: ChicagoConservative27

The real aim is to destroy the economy, and make everyone dependent upon government largess. That government largess will consist of all the money that they can print out of thin air.


33 posted on 07/21/2021 9:36:04 AM PDT by adorno
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To: tet68

they seem to love inflation...

Almost like it enriches themselves?

...the lower income peasants not so much.


34 posted on 07/21/2021 9:36:13 AM PDT by Leep (Save America. Lock down Joe Biden!)
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To: ChicagoConservative27

Chuck Schumer the guy who thinks pouring gasoline on a fire will extinguish it.
Just another democrat idiot.


35 posted on 07/21/2021 9:36:39 AM PDT by Vaduz (women and children to be impacIQ of chimpsted the most.)
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To: ChicagoConservative27

The insanity that is in leadership shouldn’t surprise anybody.


36 posted on 07/21/2021 9:39:14 AM PDT by Roman_War_Criminal (Jesus + Something = Nothing ; Jesus + Nothing = Everything )
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To: ChicagoConservative27

Evil

37 posted on 07/21/2021 9:44:18 AM PDT by fishtank
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To: ChicagoConservative27
This tells you all you need to know about Mark Zandi and Moody's Analytics...

Macroeconomic Consequences of the Infrastructure and Budget Reconciliation Plans

Prepared by
Mark Zandi
Chief Economist, Moody's Analytics

Conclusions

The nation has long underinvested in both physical and human infrastructure and has been slow to respond to the threat posed by climate change, with mounting economic consequences. The bipartisan infrastructure deal and reconciliation package help address this. Greater investments in public infrastructure and social programs will lift productivity and labor force growth, and the attention on climate change will help forestall its increasingly corrosive economic effects. Moreover, the policies being considered would direct the benefits of the stronger growth to lower-income Americans and address the long-running skewing of the income and wealth distribution. Passage of legislation is far from certain but failing to pass legislation would certainly diminish the economy’s prospects.


And if his ridiculous "Conclusion" wasn't enough, how about his (and his wife's) political contributions? No surprises here...

MARK ZANDI (MOODY'S ANALYTICS/ECONOMIST), (Zip code: 19355) $2700 to HILLARY FOR AMERICA (CLINTON, HILLARY RODHAM) on 06/15/2015

AVA ZANDI (SELF/NONPROFIT), (Zip code: 19355) $400 to ACTBLUE on 03/25/2015

AVA N. ZANDI (STUDENTS HELPING STUDENTS/NON-PROFIT VOLUNTEER), (Zip code: 19355) $10000 to ACCOUNTABLE LEADERSHIP on 03/21/2016

AVA N ZANDI (SELF/AUTHOR), (Zip code: 19355) $500 to BOB CASEY FOR SENATE INC (CASEY, ROBERT P JR) on 12/30/2015


38 posted on 07/21/2021 9:45:38 AM PDT by ProtectOurFreedom (“Criminal democrats kill babies, folks. Do you think anything else is a problem for them?” ~ joma89)
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To: ChicagoConservative27

ONLY if you are the recipient of a few billion from that.


39 posted on 07/21/2021 9:46:54 AM PDT by a fool in paradise (Lean on Joe Biden to follow Donald Trump's example and donate his annual salary to charity.)
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To: ChicagoConservative27
Is he that dumb or just evil or both?

Both, and, he obviously thinks the rest of us are even dumber.

40 posted on 07/21/2021 9:47:59 AM PDT by rockabyebaby (THE BEST IS YET TO COME - (PRESIDENT DONALD J. TRUMP)
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