{"id":1503799,"date":"2022-06-05T08:49:26","date_gmt":"2022-06-05T12:49:26","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1503799"},"modified":"2022-06-05T08:50:40","modified_gmt":"2022-06-05T12:50:40","slug":"bidens-inflator-in-chief","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-inflator-in-chief\/","title":{"rendered":"Biden\u2019s Inflator in Chief"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">8<\/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%2Fbidens-inflator-in-chief%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=1503799&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--><aside class=\"single__inline-module alignleft\">\n<div class=\"inline-module inline-module--columnist inline-module--author\">\n<div class=\"inline-module--author__img\">\n\t\t\t\t\t<\/div>\n<\/div>\n<\/aside>\n<p>There might be worse \u00adchoices to lead President Joe Biden\u2019s fight against inflation \u2014 <a href=\"https:\/\/nypost.com\/2022\/05\/23\/vp-kamala-harris-has-abandoned-border-czar-role\/\">Vice President Kamala Harris<\/a> immediately comes to mind.\u00a0\u00a0<\/p>\n<p>But the role of Brian Deese in Biden\u2019s new and <a href=\"https:\/\/nypost.com\/2021\/11\/14\/brian-deese-dismisses-scrutiny-biden-downplayed-inflation\/\">belated \u201claser focus\u201d<\/a> on inflation is more proof that Sleepy Joe either doesn\u2019t have a clue about policy, or isn\u2019t serious about one of the most serious economic problems facing average Americans.\u00a0\u00a0<\/p>\n<p>Deese is a lunatic in charge of the asylum. His economic policies are among the big reasons we\u2019re suffering <a href=\"https:\/\/nypost.com\/2022\/06\/04\/border-inflation-joe-biden-passes-the-buck-as-problems-multiply\/\">with 8% inflation<\/a> (a stealth tax on the working class) and markets are signaling a possible recession.<\/p>\n<h2>Influence is growing<\/h2>\n<p>Worse, he shows no signs of \u00adreversing course while his power is growing. Treasury <a href=\"https:\/\/nypost.com\/2022\/06\/01\/janet-yellens-excuses-as-raging-inflation-slams-america\/\">Secretary Janet Yellen<\/a> is said to be not long for the administration, possibly gone after the midterms, for failing to see the inflation threat before it was too late.\u00a0<\/p>\n<p>High on the shortlist to replace her is staff-favorite Commerce Secretary Gina Raimondo, and maybe Gary Gensler, the <a href=\"https:\/\/nypost.com\/2022\/03\/19\/secs-gary-gensler-passes-the-buck\/\">hyper-ambitious and progressive<\/a> Securities and Exchange Commission chair who has lefty <a href=\"https:\/\/nypost.com\/2022\/01\/14\/elizabeth-warrens-inflation-boogeyman-and-other-commentary\/\">Sen. Elizabeth Warren<\/a> in his \u00adcorner.<\/p>\n<p>While Yellen\u2019s situation gets sorted out, Deese, director of the president\u2019s National Economic Council, is Biden\u2019s inflation and economic go-to guy, I am told. My sources in DC say Deese was the main wordsmith behind a recent op-ed in <a href=\"https:\/\/www.wsj.com\/articles\/america-needs-more-houses-affordable-housing-inflation-supply-demand-costs-build-homes-zoning-11652635651\" target=\"_blank\" rel=\"noreferrer noopener\">The Wall Street Journal<\/a> in which the president <a href=\"https:\/\/nypost.com\/2022\/05\/13\/bidens-inflation-fantasy-and-other-commentary\/\">finally admitted inflation<\/a> won\u2019t be going away anytime soon. (Deese recently conceded as much on Fox News; he declined further comment).\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Janet-Yellen.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/06\/Janet-Yellen.jpg\" alt=\"Treasury Secretary Janet Yellen meets with Irish Finance Minister Paschal Donohoe at the Treasury Department, Thursday, June 2, 2022, in Washington.\" class=\"wp-image-22538190\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Janet-Yellen.jpg?quality=75&#038;strip=all&#038;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Janet-Yellen.jpg?quality=75&#038;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Janet-Yellen.jpg?quality=75&#038;strip=all&#038;w=512 512w\" \/><\/a><figcaption>Treasury Secretary Janet Yellen admitted she was wrong about how severe inflation would be \u2014 and Americans are paying the price.<\/figcaption><figcaption><span class=\"credit\">AP Photo\/Andrew Harnik<\/span><\/figcaption><\/figure>\n<p>Deese is fine as a flack or a ghostwriter for the president (he\u2019s actually pretty good BS\u2019ing on TV), but he shouldn\u2019t be anywhere near setting policy for an economy approaching $25 trillion.\u00a0<\/p>\n<p>His r\u00e9sum\u00e9 is far too steeped in progressive policies and politics that are at the heart of our inflationary woes.<\/p>\n<p>Consider: Deese, fresh from Yale Law School, cut his teeth in government as key economic adviser to Barack Obama, the president who <a href=\"https:\/\/nypost.com\/2015\/05\/13\/lame-excuses-for-the-obama-economy-could-sink-hillary\/\">famously used his skills<\/a> as a community organizer in an effort to remake the US economy into something that would make Saul Alinsky proud.<\/p>\n<p>Deese worked on <a href=\"https:\/\/nypost.com\/2008\/12\/10\/53-oppose-auto-bailout\/\">Obama\u2019s auto bailouts,<\/a> burnishing his rep as a super progressive in dealing with the carmarkers.\u00a0<\/p>\n<p>After traveling through the administration\u2019s budget and economic bureaucracy, he took a crack at private-sector work at BlackRock to advance a progressive investing fad known as ESG, or <a href=\"https:\/\/nypost.com\/2021\/10\/30\/larry-fink-shakes-big-bucks-from-lefty-joe-bidens-esg\/\">Environmental Social Governance.\u00a0<\/a><\/p>\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/JoeBiden-1.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/06\/JoeBiden-1.jpg\" alt=\"President Joe Biden\" class=\"wp-image-22538191\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/JoeBiden-1.jpg?quality=75&#038;strip=all&#038;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/JoeBiden-1.jpg?quality=75&#038;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/JoeBiden-1.jpg?quality=75&#038;strip=all&#038;w=512 512w\" \/><\/a><figcaption>President Joe Biden\u2019s war on oil is causing pain at the pump, as gas prices surge.<\/figcaption><figcaption><span class=\"credit\">Michael Reynolds \/ Pool via CNP<\/span><\/figcaption><\/figure>\n<p>Deese spent three years as global head of sustainable investing at the $10 trillion asset-management company, imploring money managers to screen out companies that didn\u2019t meet <a href=\"https:\/\/nypost.com\/2022\/05\/22\/stop-new-yorks-climate-madness-before-it-drives-electric-rates-into-orbit\/\">strict environmental standards<\/a> set by progressive influencers.<\/p>\n<p>Under ESG guidelines, for example, oil companies are implored to cut back on drilling and invest in windmills \u2014 with the threat that <a href=\"https:\/\/nypost.com\/2022\/03\/30\/millennials-are-entitled-generation-blackrock-president\/\">BlackRock might divest<\/a> or seek management change.\u00a0<\/p>\n<p>Because of BlackRock\u2019s size, these edicts were copied by other investment firms.<\/p>\n<h2>The wrath of woke<\/h2>\n<p>As we all know, corporate America chose to <a href=\"https:\/\/nypost.com\/2022\/01\/18\/larry-fink-says-stakeholder-capitalism-isnt-woke-just-good-business\/\">adopt ESG standards<\/a> rather than face the wrath of woke investors.\u00a0<\/p>\n<aside class=\"single__inline-module alignright\">\n\t<\/aside>\n<p>It\u2019s one reason the US is so reliant on foreign oil for our energy needs \u2014 and why gas prices were rising even before the oil market was roiled by <a href=\"https:\/\/nypost.com\/2022\/06\/03\/ukraine-hits-100-days-in-vladimir-putins-russia-war\/\">Russia\u2019s invasion of Ukraine.<\/a><\/p>\n<p>Another reason is that after leaving BlackRock and joining the Biden White House, Deese was among those leading the charge to implement these <a href=\"https:\/\/nypost.com\/2022\/03\/24\/blackrocks-larry-fink-ukraine-war-spells-end-of-globalization\/\">woke corporate edicts<\/a> in national fiscal and energy policy.<\/p>\n<p>Biden\u2019s needless spending, massive new regulations, and the hurdles his White House have imposed on domestic oil production, combined with <a href=\"https:\/\/nypost.com\/2022\/05\/04\/federal-reserve-hikes-rates-by-half-point-to-tame-inflation\/\">Fed money printing,<\/a> created the inflationary mess, of course.<\/p>\n<p>These aren\u2019t solely Deese\u2019s doing, but he is said to have had a heavy hand in each.<\/p>\n<p>Now, with Yellen being sidelined, his hand is growing stronger, which is why you see him on TV so much these days.\u00a0<\/p>\n<p>Yet for all his TV talk about looking to fix inflation, his remedies remain more of the same: A heavy emphasis on green boondoggles, and less drilling that has resulted in <a href=\"https:\/\/nypost.com\/2022\/06\/04\/gas-nears-10-a-gallon-at-california-station-tops-5-in-nyc\/\">higher gas prices <\/a>and inflation that we all will have to just suck up and live with as the economy works through a <a href=\"https:\/\/nypost.com\/2022\/05\/23\/biden-praises-gas-prices-as-part-of-incredible-transition\/\">necessary \u201ctransition.\u201d<\/a><\/p>\n<p>Over at BlackRock, Deese\u2019s old boss, Larry Fink, has been re-thinking <a href=\"https:\/\/nypost.com\/2021\/06\/05\/blackrocks-no-1-goal-in-woke-investing-huge-esg-funds-haul\/\">his firm\u2019s ESG goals,<\/a> stating that such standards are too drastic to be achieved overnight.\u00a0<\/p>\n<p>Inflation and social unrest are inevitable without a transition to reduce the <a href=\"https:\/\/nypost.com\/2022\/06\/01\/this-popular-food-is-a-major-cause-of-carbon-emissions-study\/\">nation\u2019s carbon footprint<\/a> that will take some time.<\/p>\n<p>Good for him, but too bad for the American people.<\/p>\n<p>Deese hasn\u2019t gotten Fink\u2019s memo, or is simply refusing to read it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There might be worse \u00adchoices to lead President Joe Biden\u2019s fight against inflation \u2014 Vice President Kamala Harris immediately comes to mind.\u00a0\u00a0 But the<\/p>\n","protected":false},"author":498,"featured_media":1894318,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1503799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1503799","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\/498"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1503799"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1503799\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1894318"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1503799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1503799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1503799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}