Are they this stupid or just pretending to be? That’s always the question with this administration. Especially its experts whom, you would think, have a pile of Ivy League degrees that would prevent them from saying quite so many stupid things.
And yet here they are. Here’s Cecilia Rouse, Biden’s Council of Economic Advisers Chair who has spent the year promising that everything will be fine. Any day now. Once the Inflation Increase Act’s heat pump tax credits kick in.
White House economic adviser Cecilia Rouse on Sunday defended the limited progress the Biden administration has had on tamping down inflation, responding to comments from President Joe Biden last week that tried to put a positive spin on the high rate.
“We’re starting to see signs that the actions they are taking is having an effect,” Rouse said of the Federal Reserve, which she said is focused on bringing down inflation.
The only “effect” here has been bringing on a recession and wrecking what’s left of the economy while hardly making a dent in inflation.
“So we’re starting to see signs that our red-hot economy is starting to cool. And so we know that because of that strength … we’re better positioned than most other countries for the Fed to achieve its goals,” Rouse said.
If by goals, Rouse means the elimination of the middle class, she might be right.
Earlier, she was claiming that it was all due to energy prices and the war in Ukraine. The previous numbers shut down that round of happy talk. So what’s left? Heat pumps.
But pushed on when it would start lowering inflation, Rouse said, “Many parts of the bill will start to take effect next year.”
Rouse spoke about the energy tax credits in the law as having one of the most immediate tangible impact in lowering costs.
“There are tax credits for energy to help people weatherize their homes and also bring down other forms of energy costs. So, we are focused on helping to make that transition to clean energy in a way that brings down energy costs for families,” Rouse said.
That 30% tax credit for a heat pump is really gonna turn things around.
The Fed is hammering interest rate hikes to shut down the economy and stop spending while Rouse is promising more giveaways. This isn’t stupid, it’s evil.