The Briefing Room
General Category => Economy/Business => Topic started by: mystery-ak on May 31, 2021, 02:30:41 pm
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Ex-Trump Economist Stephen Moore: We're Looking at 4 to 5 Percent Inflation Rate
By Jim Thomas | Sunday, 30 May 2021 06:39 PM
Former Trump Economist Stephen Moore on Sunday said the U.S. economy is looking at four to five percent inflation, "and that's way above where the Fed wants us to be."
"They have a two to two-and-half percent, you know, inflation target,” he told John A. Catsimatidis on his radio show, The Cats Roundtable - WABC 770 AM.
The effects of inflation are everywhere, he says.
“You’ll see this in the supply chain. I mean I just bought some airline tickets this weekend for this summer… airline tickets are up 20%. You know food prices are up 10, 15, 20 percent and gas prices have increased a dollar a gallon in the last year,” he added.
Moore believes President Joe Biden’s bloated budget is causing the inflation and says he is the “six trillion-dollar man.”
“The $6 million man and now we've got Joe Biden, the $6 trillion man. This is an astonishingly and shameful budget. Actually, it would bankrupt the country if we were to spend $6 trillion.”
more
https://www.newsmax.com/newsfront/moore-inflation-priceshigh-gas/2021/05/30/id/1023270/
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If the Dems get the $12 trillion they are currently asking for, we will be looking at rates much higher than 5%.
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If the Dems get the $12 trillion they are currently asking for, we will be looking at rates much higher than 5%.
I agree. Moore's estimate is very conservative.
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Former Trump Economist Stephen Moore:
“The $6 million man and now we've got Joe Biden, the $6 trillion man. This is an astonishingly and shameful budget. Actually, it would bankrupt the country if we were to spend $6 trillion.”
Got news for ya, Mr. Moore.
It's gonna be six trillion, and then six trillion more.
That money's gonna be printed, til the printin' press is sore.
Communists don't believe in "inflation"... not no mo' ...