{"id":1471488,"date":"2022-05-11T11:14:37","date_gmt":"2022-05-11T15:14:37","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1471488"},"modified":"2022-05-11T11:14:42","modified_gmt":"2022-05-11T15:14:42","slug":"wh-economic-adviser-says-americans-are-facing-inflation-because-biden-did-such-a-good-job-handling-the-pandemic","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wh-economic-adviser-says-americans-are-facing-inflation-because-biden-did-such-a-good-job-handling-the-pandemic\/","title":{"rendered":"WH Economic Adviser Says Americans Are Facing Inflation Because Biden Did Such A Good Job Handling The Pandemic"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">36<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwh-economic-adviser-says-americans-are-facing-inflation-because-biden-did-such-a-good-job-handling-the-pandemic%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1471488&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/dw-wp-production.imgix.net\/2022\/05\/GettyImages-1240581596.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>White House economic advisor Cecilia Rouse claimed Tuesday that Americans were seeing record-breaking inflation levels because President Joe Biden had done such an effective job managing the coronavirus pandemic.<\/p>\n<p>Rouse joined anchor Briana Keilar on CNN\u2019s \u201cNew Day\u201d to discuss the economy and the Biden administration\u2019s plan to tackle inflation and bring prices down so that Americans could afford the items they need on a daily basis.<\/p>\n<p>\u201cFormer Trump White House economic adviser Kevin Hassett says America is already in a recession. Is it possible he\u2019s correct?\u201d Keilar asked.<\/p>\n<p>\u201cSo I\u2019m not sure where that comes from, so what we saw is coming out of 2021, that we had economic growth of about 5.5%,\u201d Rouse pushed back, claiming that Biden had seen one of the strongest years of growth ever for a first year president \u2014 although she failed to mention the fact that, because of pandemic-related shutdowns, he had started behind.<\/p>\n<p>\u201cTypically economists date a recession as being at least two quarters of negative growth, and other factors, which we have not seen at all,\u201d Rouse continued. \u201cSo we\u2019re not expecting that we\u2019re already in a recession. In fact, the guts and the bones of this economy remain strong. Yes there are head winds. Yes, there is uncertainty, which is why the president is so focused on trying to reduce costs and grow this economy by investing in people, in our physical infrastructure and building the kind of economy that will generate sustainable growth going forward.\u201d<\/p>\n<p>Keilar pressed again, asking whether people like Larry Summers or Senator Joe Manchin \u2014 who argued that large spending packages would drive inflation \u2014 had been right to be wary of such spending.<\/p>\n<p>\u201cI\u2019m not sure what the right is. What we have here is an economy that is recovering from a pandemic. The downturn was caused by the pandemic. We had to basically power down our economy until we had the therapeutics and vaccinations and shots in the arms,\u201d Rouse objected.<\/p>\n<p>Keilar noted that most people could agree that some level of spending had been necessary to get people through the pandemic, but that a number of people like Manchin had warned that <a href=\"https:\/\/dailywire.com\/news\/manchin-shrugs-off-build-back-better-revival-knocks-bidens-plan-to-lower-inflation-with-more-spending\/\">too much spending<\/a> would make inflation worse. \u201cWere they right?\u201d she asked again.<\/p>\n<p>\u201cSo we \u2014 what we have seen is that all advanced countries are trying to address inflation and they have, you know, historic levels of inflation,\u201d Rouse replied. \u201cThat has been the consequence of mounting an effective response to the pandemic. Because while we supported households and businesses, got shots into arms, which allowed people to start to come out of their homes and regain their lives, our supply chains could not support that demand. This is \u2026 we\u2019re not alone. All advanced countries are addressing with this. This is a consequence of having an effective strategy against the pandemic.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Biden Economic Advisor Cecilia Rouse: Biden&#8217;s historic inflation is &#8220;a consequence of having an effective strategy against the pandemic.&#8221; <a href=\"https:\/\/t.co\/bYrt8e7yQO\">pic.twitter.com\/bYrt8e7yQO<\/a><\/p>\n<p>\u2014 RNC Research (@RNCResearch) <a href=\"https:\/\/twitter.com\/RNCResearch\/status\/1524012130424532998?ref_src=twsrc%5Etfw\">May 10, 2022<\/a><\/p>\n<\/blockquote>\n<p>While other nations are certainly grappling with <a href=\"https:\/\/tradingeconomics.com\/country-list\/inflation-rate\">rising inflation rates<\/a> as Rouse claimed, Trading Economics lists the United States as having the 7th highest inflation rate among major developed nations, behind Turkey, Argentina, Russia, Brazil, the Netherlands, and Spain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>White House economic advisor Cecilia Rouse claimed Tuesday that Americans were seeing record-breaking inflation levels because President Joe Biden had done such an effective job managing the coronavirus pandemic.Rouse joined<\/p>\n","protected":false},"author":93,"featured_media":1482579,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1471488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1471488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1471488"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1471488\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1482579"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1471488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1471488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1471488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}