Rep. Tom Emmer (R-Minn.), chairman of the National Republican Congressional Committee, blames the Biden administration for the raging inflation and high gas prices affecting American citizens and predicts that Democrats will regret their policies during the midterm elections in November.
Economist Larry Summers warned the administration 16 months back that destroying America’s energy independence and pumping trillions of dollars of cash into the economy would push up inflation, Emmer told Fox News.
Not only has Biden “flooded” the economy with $1.9 trillion in cash, but there is still $800 billion from the Coronavirus Aid, Relief, and Economic Security (CARES) Act that is yet to be spent. When American consumers, who have been “locked up” for more than a year, start consuming, “you’re going to have problems,” Emmer added….