Warren: Spending in American Rescue Plan a Factor in Inflation

Warren: Spending in American Rescue Plan a Factor in Inflation

April 20, 2022

In an interview with Pod Save America on Tuesday, radical Sen. Elizabeth “You didn’t build that” Warren (D-MA) partially admitted that all the money the Biden administration flooded into the economy in the “American Rescue Plan” played a role in inflation.

Warren stated, “We got out there, just about a year ago right now, and passed what was called the American Rescue package. And you may remember, it was a lot of money, but it was money that went into vaccines and the — kind of the community health center way of getting distribution out, it was money that went into getting our schools open again and making sure they would have the resources to do that, and it was money that went into small businesses to keep those little businesses open and to keep jobs open, and it worked…

“And yes, putting that money in at the same time that you then turned around and hit shifts in demand because of the pandemic, supply chain kinks because of the pandemic, Putin both driving up the cost of oil and the cost of wheat and soy and other things that are produced in Ukraine, but the other one is watching the giant corporations, particularly where there’s a lot of concentration. These giant corporations said, everyone’s talking about price increases. This, they saw it, was their chance to pass along costs…but to take another dollop on the price scale and just boost their profits. So, we’ve got all these companies that are at record profits, and because of increased concentration, there’s no way to compete those prices back down. So, you’ve got these multiple threads running through here.”

What “you’ve got” is multiple lies. Warren blames Putin, greed, the pandemic — everything but her own Party for record surges in gas and food prices and inflation. Americans can see through this sham narrative, and Warren and her Party will learn that the hard way in the upcoming midterm elections.

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