On 7/19/2022, Biden Transportation Secretary Pete Buttigieg said, “the more pain from the high price of gas” the more benefit to electric vehicles, during a House Transportation and Infrastructure Committee hearing.
On 7/19/2022, Biden White House energy advisor Amos Hochstein said there is a need to stop projects and limit oil usage to “accelerate the transition,” during a segment on CNN’s “New Day” with John Berman and Brianna Keilar.
On 7/18/2022, during White House Press Conference, White House chief economist Jared Bernstein were grilled on inflation.
Reporter: you also kind of took a sigh of deep breath when asking the inability to convince Manchin on climate change. I mean, how — or how is the reduced or the smaller reconciliation package — I mean, does the White House feel that’s a defeat? And if not, how not so?
MR. BERNSTEIN: Not even close. … And achieving that would be an absolutely landmark goal not just on behalf of American seniors and their living standards, but on behalf of this absolutely essential and much-loved program called Medicare.
Reporter: But considering where the original proposal was, I mean —
MR. BERNSTEIN: So, let me — I see where you’re going. So, considering where the original proposal was, I want to refer you to the comments I just made … But if that path closes, he will find another path. And he’ll keep working on the legislative path. Joe Biden is someone who’s been pulling legislative rabbits out of hats for, you know, 30 — for three or four decades now, and he’s going to continue to do so.
Reporter: With the different economic data releases we’ve seen, they aren’t really consistent with each other. So, out of all of the choices of indicators, what does the administration see as the most important indicators for how the economy is doing?
MR. BERNSTEIN: That’s a great question. So, there is no most important indicator at the CEA … So, at the CEA, we — we just — we just look at all of them … So, you know, I could tell you stories about my family and some of the orders that I’ve seen come in from our own consumer preferences. They’re — (laughter) — this is a very —
Reporter: Please do. (Laughter.)
MR. BERNSTEIN: This is a — I won’t. I’m — this is a very acquisitive nation — when you compare our consumer spending shares to other countries … it’s from the labor market — and you look at the level of elevated savings, which, again, has the fingerprints of the Rescue Plan on it, you get a sense of what we’re looking at in terms of economic indicators that continue to fuel pretty robust consumer spending. And that’s a — that’s an important, I think, element of the current economy.
Reporter: on student loan debt and cancellation. Does the White House believe — does the White House have any concern that canceling any amount of student loan debt will further aggravate inflation? And what kind of a status update can you give us on the President’s deliberations on that?
MR. BERNSTEIN: … I myself have said and NEC Director Brian Deese has said — that if you think about the inflationary implications of student debt relief and you think about the — those of restart — restarting payments — they push in different directions. And we think that the — we think, broadly speaking, that the — those effects would essentially neutralize.
On 7/18/2022, Biden’s approval rating is at just 38% in a new CNN poll, which is “a big warning sign” for Democrats, during a segment on CNN’s “The Lead” with Jake Tapper.
https://facebook.com/HygoNewsUSA/videos/841995413871845/
More high price pain & more benefit to EV; Pulling legislative rabbits ; Stop projects & limit oil usage.