FOX Business host Larry Kudlow calls out President Biden and his campaign for trying to spend their way to election victory.
You would think that with consumer prices up nearly 20% since Joe Biden took office and with a Consumer Price Index snapback in recent months to nearly 5% annually — way above the Fed's 2% target — that Joe Biden, who's in a heap of trouble on the inflation issue to begin with, would want to do something to curb inflation and maybe somehow salvage the election. If you thought that, you would be totally wrong. Biden has no such intention.
It is still spending out, but even going back to March 2021, which some call the "original sin" of inflation, there's still COVID money spending out! Really, you can't make this stuff up, and actually, it would be a monumental task requiring some of the greatest minds alive today to devise ways to spend $1.6 trillion of federal money in the next six months.
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