CNN’s Harwood: Biden’s Policies ‘Likely’ to Increase Flow at Border, But ‘There’s Not a Whole Lot the President Can Do’

‘The economists, if you talk to them, left and right, will agree that the American Rescue Plan was larger than it should have been’

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    (Via Breitbart)

    On Monday’s broadcast of CNN’s “Early Start,” CNN White House Correspondent John Harwood argued that even though the spending in the American Rescue Plan “fueled some of the inflation that we’re now experiencing” and President Joe Biden “lifting some Trump restrictions or announcing that he’s lifting some Trump restrictions” is “likely to increase the flow” of people coming over the border, “there’s not a whole lot” Biden can do on these issues.

    Harwood said, “Now, in the case of inflation, which is the dominant economic problem, he had something to do with that inflation. The economists, if you talk to them, left and right, will agree that the American Rescue Plan was larger than it should have been, than it needed to have been, that it fueled some of the inflation that we’re now experiencing. Countries around the world are experiencing inflation, but it’s higher here. The issue is though, what can President Biden do about it right now? And the answer is not very much. That’s the Federal Reserve’s job to try to tackle that. They’re raising interest rates. But it’s kind of out of Biden’s hand. And so, when we get these monthly economic reports, and people say, look, highest inflation in 40 years and ask the White House about it, they don’t have particularly good answers, and there aren’t particularly good answers for the White House.”

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