Your Guide to How Biden, Pelosi, and AOC Screwed Up the Economy
From runaway inflation to gas prices
by Dov Fischer
April 11, 2022, 12:12 AM
1. January 20, 2021: A Day That Will Live in Infamy
Biden, Pelosi, and AOC screwed up the economy, causing runaway inflation and skyrocketing prices at the gas pump. Democrats deny it. Here’s how the world works:
Democrats entered the White House on January 20, 2021, a day that will live in infamy. Biden immediately issued executive orders. He canceled the Keystone XL pipeline and issued severe green-climate regulations restricting exploring for oil and gas. No more Arctic National Wildlife Refuge drilling. He announced he is hell-bent on putting the oil-and-gas industry out of business. A week into his presidency, he issued Executive Order 14008: “Tackling the Climate Crisis at Home and Abroad — Putting the Climate Crisis at the Center of United States Foreign Policy and National Security.”
Soon, Pelosi and Biden orchestrated a $1.9 trillion climate-change and social-spending cash infusion into the economy: “The American Plan.” Looking back, Douglas Holtz-Eakin, former director of the Congressional Budget Office, has observed: “The American Rescue Plan was a major policy error that haunts us to this day. Biden signed it into law when the economy was growing 6.5%. There was no need to sign that.”
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https://spectator.org/your-guide-to-how-biden-pelosi-and-aoc-screwed-up-the-economy/
