Hold On To Your Wallet, Fed Reserve Says Biden Put America In ‘Deep Hole’
Biden made a huge mistake continuing unemployment benefits until September, it is ruining the economy.
During an appearance of CBS’s News Face the Nation, Neel Kashkari, President of the Federal Reserve Bank of Minneapolis said Biden has put us in a “deep hole.”
As business reopen, employers can’t find help because they are making more money off unemployment.
“We are still in a deep hole,” Kashkari said.”7 to 9 million Americans should be working right now if the pandemic had never happened. That’s a lot of Americans we need to put back to work.
“We are still in a deep hole,” Federal Reserve Bank of Minneapolis president says. “7 to 9 million Americans should be working right now if the pandemic had never happened. That’s a lot of Americans we need to put back to work.” pic.twitter.com/xTyLzDCVHR
— Face The Nation (@FaceTheNation) August 1, 2021
“The economy is reopening more quickly than the labor supply is coming online. That mismatch is giving some workers some power — I think they deserve to have some power — but I think it’s going to balance out as we get back to normal,” Kashkari added.
“The economy is reopening more quickly than the labor supply is coming online. That mismatch is giving some workers some power — I think they deserve to have some power — but I think it’s going to balance out as we get back to normal,” @neelkashkari says. pic.twitter.com/W1YPIeIADW
— Face The Nation (@FaceTheNation) August 1, 2021
The Biden’s administration’s fear mongering could even greater impact the severity of the economic recovery.
“If people are nervous about the Delta variant, that could slow some of the labor market recovery and therefore be a drag on our economic recovery,” @neelkashkari, president of the Federal Reserve Bank of Minneapolis, says. pic.twitter.com/NMhMJXon3m
— Face The Nation (@FaceTheNation) August 1, 2021
The Left tells us that life will never be normal again and in this instance they may be right. With Biden in office there is no way we are getting back to Trump’s economy which was the best economy this country has ever seen.
