Press ReleaseMarch 13, 2023

Job Creators Network Calls Out Bidenflation as Banking Crisis Cause

Alfredo Ortiz, president and CEO of Job Creators Network, released the following statement in response to the Silicon Valley Bank crash:

“The Silicon Valley Bank crash and burgeoning banking crisis are a result of President Biden and Congressional Democrats’ reckless spending that forced the Federal Reserve to rapidly raise interest rates to fight the ensuing Bidenflation. Biden’s actions left the Fed with no other choice, yet rate hikes have destroyed the value of the Treasuries held on banks’ balance sheets, making them financially vulnerable. This banking crisis demonstrates that Biden’s regulators and past financial regulations, including the destructive Dodd-Frank legislation, are no match for the economic reality that Biden and Democrats continually ignore.”