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 ...
We don’t even have to extract his head from out of his ass to know.
It’s both.
Noted economist Schumer must have consulted with that other noted economist, Krug Paulman of the New York Slimes...
Both, but hey he’s a Democrat, they just can’t help it, like the story of the frog and the scorpion.
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.
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!”.
is he arguing with himself?
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.
Just evil. He KNOWS it’s bullcrap...
Now he’s smoking dope …
They have done this before......................
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.
they seem to love inflation...
Almost like it enriches themselves?
...the lower income peasants not so much.
Chuck Schumer the guy who thinks pouring gasoline on a fire will extinguish it.
Just another democrat idiot.
The insanity that is in leadership shouldn’t surprise anybody.
Evil
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.
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
ONLY if you are the recipient of a few billion from that.
Both, and, he obviously thinks the rest of us are even dumber.
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