Top financial analysts dispel GOP claim that Biden agenda will fuel inflation

[turbinetree]

By Josh Israel -November 17, 2021 11:16 AM

Republicans have been baselessly claiming the Build Back Better jobs proposal will worsen inflation.

For weeks, Republican lawmakers have asserted — with no evidence — that President Joe Biden's investment plans will make inflation worse. On Tuesday, two major financial analysis services predicted they will not.

In an interview with Reuters, Moody's Investor Service vice president William Foster predicted that Biden's just-signed $550 billion Infrastructure Investment and Jobs Act and the proposed $1.75 trillion Build Back Better climate and caregiving infrastructure proposal "should not have any real material impact on inflation."

Finch Ratings senior director Charles Seville told the wire service that the two measures "will neither boost nor quell inflation much in the short-run" but could actually increase the labor supply and productivity in the longer term.

Published with permission of The American Independent Foundation.

https://americanindependent.com/financial-analysis-joe-biden-build-back-better-infrastructure-inflation-republicans/

To "all" the fascist supporting republicans ...... you gave out a 1.5 trillion tax cut that wasn't paid for....and your last "guy(s) in power killed over 750,000 people and had NO plan.....you support oligarchies that support greed, nothing else and not social programs that you call socialistic, that help people.....you are fucking idiots....