‘All of Us Knew’: Biden Ally Says Democrats Knew Inflation Was Coming After Spending Bill…

by Philip Caldwell at The Washington Free Beacon

House Majority Whip Jim Clyburn (D., S.C.) on Thursday said congressional Democrats knew when they signed off on President Joe Biden’s multitrillion-dollar legislative plans that the laws would lead to increased inflation.

“Let me make it very clear. All of us are concerned about these rising costs, and all of us knew this would be the case when we put in place this recovery program,” Clyburn said on MSNBC after host José Díaz-Balart asked about Americans’ struggles with surging food and energy prices. “Any time you put more money into the economy, prices tend to rise.”

🚨WATCH: House Democrat Whip Jim Clyburn claims Democrats KNEW their wasteful spending would cause inflation — but they did it anyway. pic.twitter.com/ojiMf41MTj

— Senate Republican Communications Center (@SRCC) October 20, 2022

But Clyburn and the rest of Democratic leadership in Congress championed that recovery program and other legislation, insisting the bills would not damage the economy, even as experts say the bills contributed to the country’s record inflation.

Clyburn voted in favor of Biden’s $1.9 trillion American Rescue Plan and $738 billion Inflation Reduction Act. Economists at the Federal Reserve Bank of San Francisco said…