Biden’s Inflation Is Here!
Inflation is on the rise which means consumers are bearing the brunt, so who’s to blame? Vince Coglianese and Jason Nichols debate a solution on a new episode of “Vince and Jason Save The Nation.”
“Things are all getting more expensive across the board,” Coglianese explained. “Inflation is a burden and it’s regressive, meaning the poorer you are the harder it’s hitting you.”
Acknowledging the problem, Nichols noted inflation was predicted but likely a short term adjustment.
“The fed actually predicted this and part of that is because the fed put a ton of money into the economy to stop a more serious recession and inflation was bound to happen.”
“I think a lot of this comes down to COVID-19.”
But Coglianese says one-party control of Washington creates a “political urgency” to spend a bunch of cash and fulfill their agenda. (RELATED: Yellen Admits Inflation Is About To Surge But Says It Will Be ‘Plus For Society’s Point Of View’)
The Consumer Price Index has increased five-percent over the past year, the fastest rate of inflation since 2008. Among the products that have seen a spike in prices include lumber, gasoline, steel, home appliance and computer chips.
Treasury Secretary Janey Yellen admitted President Joe Biden’s plans could trigger inflation in the short-term but the spending was not enough to cause any significant long term effects.
“Vince & Jason Save The Nation” is a political debate show that grapples with America’s most pressing questions. The show features intelligent, brutally honest conversations between Vince Coglianese and Jason Nichols, two nationally renowned political commentators who come from opposite sides of the political divide but share a profound love of country. Enlisting the support of their fascinating and talented guests, Vince and Jason tackle the existential issues confronting America and set out on their quest to Save the Nation.
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