Washington, D.C. (June 30, 2021) – On Tuesday, President Biden promoted his $1.2 trillion infrastructure deal in a speech in La Crosse, Wisconsin. That same day, ReaClearMarkets published an op-ed by Alfredo Ortiz, President and CEO of the Job Creators Network, and Steve Moore titled Inflation’s the Nail In the Coffin of Biden’s Spending Plans. To read it, click here.
Mr. Ortiz released the following statement:
“JCN’s small business owners don’t want or need any more spending. We had a pandemic-induced recession and now we have a vaccine-induced recovery. When pundits call the $1.2 trillion deal ‘reasonable,’ that’s only in comparison to the trillions that Democrats want to spend solely on a partisan basis. Reckless spending will only exacerbate the inflation that is already making its way through our economy. Indeed, Steve Moore and I predict that inflation will ultimately kill Biden’s big-spending agenda. We’ve experienced four decades of relatively-low inflation – under both Democrat and Republican Presidents – and all of that progress is being jeopardized by Biden’s money printer on steroids. Biden is ignoring this problem, but pretty soon he will have to confront it. Once the inflation genie is out of the bottle, it’s very hard to put it back in. The Biden Administration will learn that sooner than they think.”