(LibertySociety.com) – When former President Donald Trump left office, he was just starting to get the economy back on the right track. Although unemployment was higher than he would have liked, businesses were reopening, the stock market was doing well and his recent round of stimulus checks was helping the American people. But now, one of Trump’s ex-economic advisors is concerned President Joe Biden will mess up all the progress the country has made.
On June 1, Stephen Moore appeared on Newsmax’s “Cortes & Pellegrino” to discuss the state of the economy. He said that if Biden passes another massive $1.9-trillion spending bill, inflation could skyrocket. He said “the economy’s teed up,” industries are coming back, and people are getting vaccinated. The only thing standing in the way is the president. Moore said, “All we need is — Biden, just stop.”
Ex-Trump Economist Stephen Moore: We're Looking at 4 to 5 Percent Inflation Rate https://t.co/MW8hV9ggRW
— Rudy W. Giuliani (@RudyGiuliani) June 1, 2021
Moore warned that inflation could become a massive problem if the Biden administration continues going down this route. Prices for goods are already rising. The president needs to rein in spending and stop implementing anti-energy policies before the American people start to suffer the consequences.
Copyright 2021, LibertySociety.com