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Stephen Moore: If Biden and Democrats get their way, record inflation will get even worse
By Fox News Staff
Published July 14, 2022
Former Trump economic adviser Stephen Moore told "Fox & Friends" on Thursday that inflation will get worse if Democrats get their way. Moore said Democrats and President Joe Biden want to pass another $500 billion to $1 trillion in new spending despite inflation hitting a 40-year high.
STEPHEN MOORE: This is an administration that is hostile to business. They want these kinds of leftist activists who work against the interests of American businesses. Now, what is the plan now to deal with this economic crisis we have? Well, Joe Biden and Chuck Schumer are trying to negotiate a deal with Joe Manchin, who's been kind of the hero this year. And I'm not making this up, they want another 500 billion to a trillion dollars of spending and taxes.
That is going to make the situation worse. We've got to be cutting back the government spending, cutting the taxes, and they want to move in exactly the opposite direction. You think we got an inflation problem now? Think about how bad it would be if they add another trillion dollars of spending. And incidentally, where's the money going to come from? You know what group they want to tax, the small businesses of America. I just don't get it.
WATCH THE FULL INTERVIEW BELOW:
https://www.foxnews.com/media/stephen-moore-biden-democrats-get-way-record-inflation-even-worse