Issuing a dire warning on massive government spending leading to inflation, Trump economic adviser Stephen Moore said Americans do not need stimulus and handouts, they need an open economy and jobs.
“The best thing Joe Biden could do right now is stop spending, stop borrowing, stop regulating, and let the economy get better on its own,” Moore told Sunday’s “The Cats Roundtable” on WABC 770 AM-N.Y.
While the stock market is rising, it is based more on the trillions of coronavirus pandemic stimulus injected from past stimulus packages than true economic growth.
“I think there is irrational exuberance in the market right now; I get worried about it,” Moore told host John Catsimatidis.
“There are families [that] get $100,000 of government benefits. If you can get $100,000 of government benefits for not working, it’s going to be hard to get people back on the job.”
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{Matzav.com}
There is no worry about inflation when we had tax cuts. Economist have said no worry about inflation. Stephen moore is a joke. Seriously.
Americans need livable wages, not minimum wages. Americans need to rid themselves of the GREED virus and the it’s all about ME contagion