Council of Economic Advisers chair Cecilia Rouse believes that the more than $5 trillion in spending by Congress in the last year and a half and the president’s early efforts to destroy the American energy industry had nothing to do with the sky-high inflation we’re experiencing today.
Rouse was asked by CNN’s Brianna Keilar whether those who warned the president about the massive spending leading to inflation were right for being concerned.
“I’m not sure what the right is. What we have here is an economy that is recovering from a pandemic. The downturn was caused by the pandemic. We had to basically power down our economy until we had the therapeutics and vaccinations and shots in the arms,” Rouse answered.
In fact, much of that spending had absolutely nothing to do with digging out from the pandemic. The goal
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