Crazy House Speaker Nancy Pelosi (D-CA) just took her craziness to a new level.
Pelosi, last week, made some remarks about the federal budget deficit that has left many wondering whether she was sober when she made them.
Pelosi channels her inner economics guru
According to Fox News, Pelosi’s remarks came during a press conference that she gave on Friday.
There, she tried to blame the economic disaster that is being witnessed under President Joe Biden’s leadership on Russian President Vladimir Putin. But, this isn’t the crazy part, or rather, it’s not the craziest part.
“One other point that we’ll make about it is that what we are doing in our legislation, what we would do in the Build Back Better – seventeen Nobel laureates in economics said that legislation does not increase inflation,” Pelosi said. “It is non-inflationary because of the way it is written.”
“So, when we’re having this discussion,” Pelosi continued, “it’s important to dispel some of those who say, well it’s the government spending – no, it isn’t. The government spending is doing the exact reverse, reducing the national debt. It is not inflationary.”
You heard it from Pelosi first, folks: not only is Democrat spending not responsible for the astronomical inflation we have been seeing, but it is also helping to reduce the federal budget deficit.
It would be bad enough if Pelosi was the only one making this absurd argument. But, it now appears to be one of the Democratic Party’s top talking points.
Biden, on Friday, made the same argument as Pelosi, while also blaming the economic crisis on Putin.
“I’m sick of this stuff,” Biden said, during a Democratic meetup in Philadelphia, Pennsylvania. “The American people think the reason for inflation is the government spending more money. Simply not true.”
Experts and common sense, however, would suggest otherwise. As some of the causes of the inflation that we are seeing, experts have pointed to such things as the supply chain issues that resulted from the coronavirus pandemic, as low-interest rates, and as the $1.9 trillion so-called American Rescue Plan that the Democrats pushed through Congress.
A recent poll found that 58% of Americans disapprove of Biden’s handling of the economy. Clearly, the argument raised by Pelosi and Biden is the Democrats’ attempt to flip the script. Their problem, however, is that people are unlikely to buy into this absurd argument when everything the Biden administration does only seems to make the economic crisis worse.