Why Biden/Harris Want Job Shortages and Inflation
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George Washington (attributed)
Last Friday, the government reported another disappointing jobs report.
Joe Biden said that the tepid increase in jobs meant that the government needed to fund even more deficit spending.
I was on KitcoTV (Canada’s equivalent to CNBC) and told the host that the Biden administration has discovered a clever way to indirectly push through a $15 minimum wage keep extending unemployment checks and thus force companies and employers to raise wages and bonuses to get people to go back to work.
The Biden administration also supports an expansionary fiscal and monetary policy that increases the demand for goods and services. Unions benefit the most. It is a brilliant political strategy.
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