Jared Bernstein Has a Long Record of Progressive Fantasies
‘The nominee the Senate will consider this week can more accurately claim expertise in partisan warfare than economics. He’s been labeled in the press as President Biden’s ‘man on the Left’… And last year, he praised a nearly $80 billion-dollar plan to expand IRS enforcement as one of his favorite parts of President Biden’s so-called Inflation Reduction Act… Mr. President, the American people cannot afford Jared Bernstein at the wheel of the CEA.’
WASHINGTON, D.C. – U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding nominations:
“Since President Biden took office, consumer prices have risen more than 16 percent.
“American families are paying 20 percent more to put food on the table than they did in January 2021. And 36 percent more on energy.
“But over more than two years of Washington Democrats’ runaway inflation, President Biden’s top advisors have refused to even admit that there’s a problem – let alone that their policies are driving it.
“In early 2021, after Senate Democrats helped ram through the Administration’s reckless taxing and spending spree, one top White House advisor insisted that any inflationary effects would be ‘transitory’.
“Eight months deeper into the Administration’s inflationary spiral, the same advisor insisted that inflation would be, ‘growing half as fast a year from now.’ Another fanciful prediction overcome by the harsh, painful consequence of Washington Democrats’ reckless spending.
“And another instance when Jared Bernstein – President Biden’s choice to serve as Chair of the Council of Economic Advisors – was dead wrong on economic advice.
“Mr. President, the CEA was designed to produce objective, empirical economic analysis. With the rarest of exceptions, it’s been led by a seasoned economist with a PhD in the field. That streak would end with Mr. Bernstein.
“The nominee the Senate will consider this week can more accurately claim expertise in partisan warfare than economics. He’s been labeled in the press as President Biden’s ‘man on the Left’.
“And in his own words, Mr. Bernstein’s long record of progressive fantasies speaks for itself.
“‘We should not kid ourselves into thinking… that we can pay for Medicare for All and a jobs guarantee solely by taxing the rich.’
“This nominee has called abortion, ‘at its core… an economic issue.’ He’s urged Democrats to, ‘take the Green New Deal seriously.’
“And last year, he praised a nearly $80 billion-dollar plan to expand IRS enforcement as one of his favorite parts of President Biden’s so-called Inflation Reduction Act.
“What a staggering lack of awareness of the ways his party’s policies have hurt working families across America.
“Mr. President, the American people cannot afford Jared Bernstein at the wheel of the CEA.”
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Related Issues: Inflation, Nominations, Economy, Senate Democrats
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