NYT: ‘American Rescue Plan’ driving inflation

October 19, 2021

The New York Times reports that Democrats’ socialist stimulus is driving inflation.

From the article: “Inflation is likely getting a temporary boost from the $1.9 trillion coronavirus relief package that the Biden administration ushered in early this year, new Federal Reserve Bank of San Francisco research released on Monday suggested.”

NRCC Comment: “Democrats’ reckless spending overheated the economy and now Americans are paying higher prices for just about everything.” – NRCC Spokesman Mike Berg