On 9/25/2022, Former White House press secretary Jen Psaki said that the Democrats know “they will lose” if the midterm elections end up being a referendum on President Biden, “if it is a referendum on the president, they will lose and they know that,” Psaki said. Psaki appeared on NBC’s “Meet the Press” to discuss the upcoming midterm elections.
Dem Sen Joe Manchin admits his far-left party would “never support” American energy independence. But he says inflation reduction act will lower inflation even as economists say it won’t.
Kamala Harris denies Democrats have “lost touch with Latinos,” saying they’ve actually thanked her for free money.
Why blame business for inflation if Dems free money policy? Free money led to labor shortage led to high prices
Byron Donalds , free money policy
On 9/22/2022, during an inflation hearing, Rep. Byron Donalds (R-FL) questioned economists at a House Oversight and Reform Subcommittee on Economic and Consumer Policy hearing. Witnesses included Robert B. Reich, Carmel P. Friesen Professor of Public Policy The Goldman School of Public Policy University of California, Berkeley; Mike Konczal, Director, Macroeconomic Analysis Roosevelt Institute; and Rakeen Mabud, Ph.D., Chief Economist and Managing Director of Policy and Research Groundwork Collaborative; Tyler Goodspeed economist and economic historian.
Rep. Donalds: If you go down the pathway of providing dollars to people and they don’t have to exchange labor, which is the way our economy functions, for money to pay for their goods and services. Do you think that leads to a labor shortage? Yes or no.
On 9/23/2022, during White House press briefing, a reporter asked White House press secretary Karine Jean-Pierre spent two and half minutes with her precious time, ” this is a — I think I can speak for the entire press team. This is a very sad day for the press team. It is finally happening: We are losing today — but not really losing — but Chris is leaving us today. Today is his last day at the White House as part of the press team. And we are also sad, as I said, to see him go.
Economist Mabud: Like I said, I believe we’re experiencing a shortage of good jobs and a shortage of labor. And I think it’s really critical not to blame working people.
Rep. Donalds: I’m not blaming working people. What I would say is that I am blaming government policy. Because if you’re given money, without having to exchange it with labor, having to take your talents and abilities and you’re getting money as a result, it depends on the industriousness of the individual at that point. I’m not blaming anybody. If you’re given out free money, shoot, okay, cool. Most people are just going to go ahead and take it. We know this. But if you had a legitimate economic choice to make at your kitchen table, I can go work 40 hours or I can go work 20 hours, and our living does not change, people have their own decision to make about what they’re going to do.
The point I’m making is, that labor shortage, that was created by the “American Rescue Plan” led to a labor shortage. And that labor shortage has led to price increases because you had people who had the revenue and the disposable cash flow to buy goods, but not enough goods in circulation to purchase. Mr. Goodsby, is that an accurate assessment of what’s happened in America since Joe Biden’s become President of the Unites States.
Dr. Goodspeed: Yes, I think that’s a fair description.
Rep. Donalds: So, let’s establish a couple things. Are prices up? Yes they are. Electricity prices are up, good(s) prices are up…the only reason why fuel, gasoline prices, are down is because the President’s been basically buying down the price with releases from the Strategic Petroleum Reserve which, by the way, that’s coming to an end as well. We are in a recession, I think we’ve covered a lot here. Look, I understand the Majority Party’s desire to try put this on Corporate America for raising prices. But if you do not have enough workers working, there’s not enough goods produced. If there’s not enough goods produced, but everybody still has money to go buy goods, the price of each unit actually goes up. That’s how inflation is always created. More policies of the same is only going to lead us further down the road to perdition which we are already on. But we are also thrilled that he is staying in the Biden family and will be starting as the Assistant to the Secretary of Public Affairs at the Department of Defense in the coming days. As you know, that is a very big job that Chris is about to take on. So we will — we will miss Chris’s good humor, his sharp political instincts, and his just easy- — easygoing demeanor. He’s one of the most chillest, coolest cats that I know around town … “
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Psaki: Dems lose midterm if referendum on Biden; Manchin: Dems Never Support Energy; Dems free money to labor shortage to high prices