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Biden admin shifts blame onto retailers for inflation - YouTube
Channel: Fox Business
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okay president biden inherited a
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v-shaped recovery but now just 11 months
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later a new gallup poll shows nearly
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three-quarters of working-class families
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making less than 40 000 say yeah
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middle-class joe's inflation is slamming
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them joining us now from house
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transportation and infrastructure
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congresswoman nancy mace okay it's great
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to have you back on but president biden
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is now reviving the obama era blame game
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shifting the blame finger-pointing he's
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sicking the ftc without hard evidence to
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go after big box retailers blaming them
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for inflation walmart amazon kroger and
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more what do you say
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is anyone really surprised at this point
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it's been crisis after crisis after
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crisis
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and the biden administration rather than
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taking responsibility based on
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you know causing some of these inflation
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was with more spending and more taxes
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whether we're talking about the
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transportation infrastructure bill
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coveted release spending earlier this
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year or build back better in the future
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of that 1.75 trillion spending he's
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caused the majority of this to happen
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and uh you know this circular firing
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squad that he has going on the american
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people are not going to put up with it
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we saw that in virginia i mean it's
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crazy what's going on but the thing is
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it's using the brute power the brute
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force of the government to cover up your
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bad policies i mean dealing with the ftc
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is going to consume these businesses
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time and money they have to turn over
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operational data on the points of crisis
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of the supply chain that could increase
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inflation they've got to deal with that
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in 45 days he's doing the same thing
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going after oil and gas companies to
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cover up inflation but here's the thing
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you know what happened they paid people
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not to work there are 11 million open
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jobs in this country more than we've
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ever had they sent out stimulus checks
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even though the economy economy was into
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recovery workers sat at home taking a
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bigger government check instead of
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working now we have a nationwide labor
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shortage and demand for goods soaring
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due to the more income and supply chain
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crisis and and to add to the worst the
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worst part of it too is that american
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jobs will go overseas because of the
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taxes that are coming because of the
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infrastructure bill and whenever
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buildback better passes uh many american
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jobs will go overseas and elsewhere
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we'll have one of the highest the
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highest corporate tax rates in the world
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so i just don't know what he expects to
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have happen but he's making all of our
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inflation woes worse energy is going up
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as you said the price of gasoline
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groceries and for the working family
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when inflation is at what six point two
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percent for the year and wages have gone
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up three percent if that uh american
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wages and salaries cannot keep with the
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costs cannot keep up with the cost of
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goods yeah it's a triple whammy on
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inflation right it's it's zapping your
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spending power your income growth your
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cash investments your bank accounts and
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to fix inflation you've got to raise
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interest rates historically that has
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triggered recessions now it's we know
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that they're rising the fastest pace in
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31 years joe biden says his plan to curb
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inflation is working there's no evidence
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of that they want to try to inflate
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their way out of inflation inflation is
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taxation without legislation even three
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obama officials larry summer jason
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furman steve ratner fed chair jerome
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powell is saying
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watch out this is bad let's watch kevin
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mccarthy congresswoman he's saying
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here's a fix for this uh what's going on
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in the country fire nancy pelosi watch
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you know the sad part about your right
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sean had
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had joe biden done nothing in office
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literally gone to sleep our country
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would be stronger we'd be energy
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independent it wouldn't be china and
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and russia winning it'd be america that
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was winning our borders would be secure
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we wouldn't have rising inflation this
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is the problem one party rule in one
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year but the good news is sean in less
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than one year we can fix this country if
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we fire nancy pelosi that's why i need
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everybody to go to firepelosi.com
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what do you say
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well leader mccarthy is 100 right on
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this and i will add to that that
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everything that the biden administration
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has said has has been wrong um whether
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we're talking about infrastructure
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package being paid for it's not that's a
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that's 250 billion dollars that will be
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added to the deficit uh we were told
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that buildback better would cost zero
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it's going to cost almost 400 billion
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dollars to the deficit we were told
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every citizen american citizen would be
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taken off out of afghanistan that never
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happened it's been one thing after the
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other which is added to our inflation
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woes and i think and i agree with kevin
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mccarthy next year you're going to see
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more than a dozen two or three dozen uh
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you know person majority we're going to
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win all these seats next year if things
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continue to go
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wrong the american people continue to be
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lied to which is happening right now the
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real back story over the last decade is
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how far off the rails the democrat party
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has become it's not the democrat party
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of our parents or our grandparents and
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it's because nancy pelosi in the
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economist magazine has covered this has
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sat on the heads of the moderates the
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moderates were not given committee
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chairmanships they there is no term
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limits in the democrat party on who runs
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committees when the democrats are in
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power the republicans have term limits
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so it's nancy pelosi crushing the
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centrist crushing the moderates our
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country is moderate and centrist we
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don't go off the rails and that's what
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happened with the democrat party is she
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to blame for ruining it oh i believe so
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and look there are 19 democrats have
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announced their retirement for next year
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that supersedes anything that happened
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in 2010 or 2012 when republicans gained
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the majority sweepingly a decade ago
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even chairman defazio the chairman of
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the transportation infrastructure
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committee he just announced his
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retirement a couple days ago and i can
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tell you when we did the infrastructure
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bill it was not bipartisan because no
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one in the house on that particular
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committee was able to get anything done
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on the bill so it's no surprise that
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we're seeing even her own chairman
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disappear
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amazing congresswoman nancy counselor
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nancy mesa it's good to have you on the
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show come back soon
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