Former White House Deputy Chief of Staff Karl Rove slammed White House Council of Economic Adviser Chairman Brian Deese for calling for more federal spending to combat inflation.
Appearing as a panelist on “Fox News Sunday,” Rove blasted Deese, who had been interviewed earlier in the program, for failing to acknowledge that the root cause of inflation is reckless government spending. Rove described Deese as “one of the most fervent advocates for making it worse.”
During the interview, Deese said that the U.S. economy was “in a period of transition” from rapid recovery to “a period of more stable and resilient growth.” Guest host Martha MacCallum challenged Deese on the point, noting that soaring inflation and gas prices, combined with a declining stock market, are forcing Americans to make difficult decisions.
“What do you recommend to them in terms of specifics and what they can do to try to weather this a little bit easier as we go through what you’re calling a transition?” MacCallum asked.
“What people should know is that we can do this,” Deese responded. “We know how to do this. First, we need to give the Federal Reserve the independence to do what it does. It has the tools to combat inflation. Second, we need to reduce costs and make things more affordable for families during this period… reduce the cost of the Internet bills that families pay, or the prescription drug prices that they pay… And, third, we need to bring down the federal deficit. Because of the president’s policies, we’ve made a lot of progress on that front, the deficit down $1.5 trillion already this year. But we need to make more progress on that as well. That will help produce price pressures in the economy.”
“We need to build a more resilient recovery,” he added. “We’re on the way. We’ve got to focus on tackling inflation right now, and that’s what this president’s doing.”
This is an excerpt from The Daily Wire.
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