Sign In  |  Register  |  About Menlo Park  |  Contact Us

Menlo Park, CA
September 01, 2020 1:28pm
7-Day Forecast | Traffic
  • Search Hotels in Menlo Park

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

GOP lawmaker torches Biden's WH for claiming spending plan is a 'five-alarm fire': KJP doesn't know economics

Rep. Byron Donalds, R-Fla., responds to the White House claiming the GOP spending plan will worsen inflation, arguing that the Press Secretary 'doesn't know what she's talking about.'

Rep. Byron Donalds, R-Fla., shredded White House Press Secretary Karine Jean-Pierre for her widely denounced claim that the GOP's spending plan will exasperate inflation and worsen the U.S. economy.

KARINE JEAN-PIERRE SAYS BIDEN’S ‘ECONOMIC PLAN IS WORKING’ DESPITE HOUSEHOLD INCOME DROP, STUBBORN INFLATION

During an appearance on "The Big Money Show," Wednesday, the GOP lawmaker reacted to her comments made during the press briefing, arguing that the press secretary is largely ill-informed and "doesn't know what she's talking about."

During the press briefing, Karine Jean-Pierre controversially claimed that the "MAGA" Republicans' proposal will be a "five-alarm fire" for hardworking families.

"She obviously doesn't know economics, because she works for a guy that ignited inflation in our economy. We did not have 8% or 6% inflation in this country for 40 years. It took Joe Biden two months and here it is. So she doesn't know what she's talking about. That's number one," he explained to co-host Brian Brenberg. 

"Number two, if you're going to get this inflation out of our economy, part of the job is at the Federal Reserve with raising rates. But the other part of it is government curtailing its spending. Inflation is created by too much government money going into the economy. It puts too many dollars chasing too few goods. The formula is the same. If she took an economics course, maybe she would realize that," he continued.

Rep. Donalds concluded by issuing a strong warning to the Biden administration, urging them to dismantle its "reckless" spending habits before it's too late.

"If we continue to recklessly spend in Washington, it will only make inflation in our economy worse. And that hurts poor people, whether you're white, black or Hispanic. Whether you're Republican or Democrat, you are the one who is going to suffer."

"Joe Biden doesn't care. He would rather spend $7 trillion of money we don't have. I mean, talk about a joke," he said.

READ MORE FROM FOX BUSINESS

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 MenloPark.com & California Media Partners, LLC. All rights reserved.