Will Cain reveals how Biden's spending led to inflation
Polls show Americans are coming out against Biden
{{#rendered}} {{/rendered}}Will Cain revealed how President Biden’s spending resulted in the destruction of the U.S. economy through record-high inflation Friday on "Tucker Carlson Tonight."
WILL CAIN: Right now, a lot of Americans are wondering: How did we get here so quickly, just a year-and-a-half into Joe Biden?
BIDEN APPROVAL RATING PLUMMETS TO 39%, DOWN 24 POINTS FROM LAST YEAR: AP POLL
{{#rendered}} {{/rendered}}President Joe Biden delivers remarks on the debt ceiling during an event in the State Dining Room of the White House, Monday, Oct. 4 in Washington. (AP Photo/Evan Vucci)
...
I think right here on "Tucker Carlson Tonight," we can announce that Joe Biden has finally succeeded in unifying the country — against Joe Biden, and the polling makes that very clear.
…
{{#rendered}} {{/rendered}}Now, from his inauguration speech, though, we know Joe Biden didn’t see any of this coming. He didn't think it was possible to wreck a functioning economy in just a year-and-a-half, but the signs were there. The nation's monetary supply had grown dramatically in 2020 due to pandemic spending, but Joe Biden ignored those warning signs. He was laser-focused on demonizing his political opponents instead of managing the economy.
CLICK HERE TO GET THE FOX NEWS APP
In a single bill, the American Rescue Act, Biden spent $1.9 trillion. According to an article by the Federal Reserve Bank of San Francisco, that action led directly to inflation: "Estimates suggest that the fiscal support measures designed to counteract the severity of the pandemic's economic effect may have contributed to this divergence by raising inflation 3 percentage points by the end of 2021." But Joe Biden kept going. He spent another trillion dollars on infrastructure. The result? The highest inflation rate we have seen in decades.