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2021-10-30 Home Front: Politix
Dem Rep. Carter: Inflation's Impact 'Will Be Eased' by 'Pumping Money' to Stimulate Economy
Isn’t that theoretically exactly counterproductive?
[BREITBART] On Thursday’s broadcast of the Fox Business Network’s "Cavuto: Coast to Coast," Rep. Troy Carter (D-LA) argued that the impact of inflation on people "will be eased when we start to invigorate our economy, and we invigorate our economy by pumping money into it to stimulate it."Carter disagreed with "the notion that somehow the Build Back Better or the infrastructure plan will negatively impact inflation," because there have been "several Nobel Peace Prize economists who vehemently disagree with that. Listen, when people make more money, they spend more money. When you make money, it doesn’t just go into a black hole in your backyard. It goes into the stores, it goes into school, it goes into homes and cars and providing better lives for our children. So that money that’s in —."

Host Neil Cavuto then cut in to ask Carter how he would respond to people who have lost purchasing power even though their wages have gone up.

Carter responded, "I think you tell them that they need to get on the phone, they need to call their members of Congress. I think you tell them to get on the phone and call their senators. Because we’re —."

Cavuto then cut in to ask if that will ease inflation’s bite.

Carter answered, "No. The inflation bite will be eased when we start to invigorate our economy, and we invigorate our economy by pumping money into it to stimulate it. It’s not unlike anything that we’ve done before, except the magnitude of the dollars that we’re putting in with Build Back Better and infrastructure are life-changing and unprecedented. And most economists — I mean, there will be some that obviously disagree, you and I may disagree, but from my vantage point and the economists that I’ve looked at and listened to suggest that the money that we’re putting in, we’re not talking about Bs, we’re talking about Ts, trillions of dollars for infrastructure, for housing, for rail, for [the] environment, these are all things that’s going to pay dividends for years and years to come."
Posted by Fred 2021-10-30 00:00|| || Front Page|| [11131 views ]  Top

#1  "several Nobel Peace Prize economists "

You, sir, are an idiot
Posted by Frank G 2021-10-30 08:10||   2021-10-30 08:10|| Front Page Top

#2 ^ Good catch, Frank. He's probably referring to AOC.
Posted by Matt 2021-10-30 11:13||   2021-10-30 11:13|| Front Page Top

#3 I believe AOC does have a degree in economics. It is what enabled her to make change working as a bartender
Posted by SteveS 2021-10-30 11:48||   2021-10-30 11:48|| Front Page Top

#4 BTW, it's one thing to have an idiot congressman (redundancy alert!) say this, but the Secretary of the Treasury is saying pretty much the same thing.
Posted by Matt 2021-10-30 13:23||   2021-10-30 13:23|| Front Page Top

#5 And the solution for diabetes is a massive increase in sugar intake. (do I need to put a /sarc on that?)
Posted by Procopius2k 2021-10-30 14:25||   2021-10-30 14:25|| Front Page Top

#6 Well, the law of supply and demand is really more of a suggestion.
Posted by Matt 2021-10-30 15:11||   2021-10-30 15:11|| Front Page Top

#7 Another Carter that's okay with lots of Federal spending and runaway inflation.
Posted by Raj 2021-10-30 16:44||   2021-10-30 16:44|| Front Page Top

#8 Technically you can put out a fire with explosives... but they are really just dumping gasoline on a raging fire.

Now whether this is deliberate or incompetency is the argument.
Posted by DarthVader 2021-10-30 17:27||   2021-10-30 17:27|| Front Page Top

15:04 NN2N1
15:03 NN2N1
14:55 NN2N1
14:09 Grom the Affective
14:04 Super Hose
14:02 Super Hose
13:37 Procopius2k
13:35 Grom the Affective
13:34 Procopius2k
13:27 Grom the Affective
13:21 NN2N1
13:18 Grom the Affective
12:50 Remoteman
12:45 Secret Master
12:24 Matt
12:07 Abu Uluque
12:03 Grom the Affective
11:59 Grom the Affective
11:35 Super Hose
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11:29 Besoeker
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