In the News
ALEC in the Daily Caller: Biden Pops Champagne Corks While The Economy Pummels Americans
Instead of celebrating, the White House should move towards free market policies that will actually allow us to escape from the twin threats of inflation and a loss of economic growth.
By Jonathan Williams and Lee Schalk
Americans are not buying the White House spin on the state of the economy.
As the markets plummeted nearly 4% on Tuesday — with the Dow down nearly 1300 points — a drop not seen since the 2020 COVID lockdowns, President Joe Biden and his economic advisers partied on the White House lawn, issuing a stunningly tone deaf the statement:
“Today’s data show more progress in bringing global inflation down in the US economy. [This] is welcome news for American families… my economic plan is showing that, as we bring prices down, we are creating good paying jobs…”
President Biden followed that up with a tweet, “Exactly four weeks ago, I signed the Inflation Reduction Act into law. So today, we’re celebrating.”
Moments later, James Taylor serenaded Washington’s elite on the South Lawn, calling it a “hopeful moment.”