Since news broke last week that Elon Musk wants to send $5000 as a waste reduction dividend to every taxpaying household, outlets like CNN and Forbes and are repeating DNC talking points that it could make matters worse.
National Economic Council (NEC) Director Kevin Hassett defended the plan to CNBC, noting that if the government spends the money on a program or sends it back to the American people — who will spend it back into the economy or save it — the outcome is the same. But in the latter scenario the American people get some money back. “Imagine if we don’t spend government money and we give it back to people, if they spend it, you’re even but they’re probably going to save a lot of it in which case you’re reducing inflation” he told the press during a briefing at the White House last week.
It can be done in six to nine months
Notwithstanding fears about inflation being heightened by another stimulus-type check to Americans, the economy has a major renovation job ahead. Many blame that stimulus spending for the inflationary surge during Biden’s term in office.
Moore, who served as President Trump’s senior economic advisor told the “Furthermore with Amanda Head” podcast that for Trump to overhaul Biden’s economy, “he needs a big pooper scooper to clean up the mess that was left behind… everything that Trump is doing is deflationary; whereas, everything that Biden did raised the cost of businesses and led to runaway inflation.”
It can be done, however. Moore gives a timeline of six to nine months for Trump to undo the damage and for the American people to start feeling relief. “Trump will turn it around. We’re going to get inflation back down at 2% but it’s going to take a little while.” […]
— Read More: justthenews.com
