Democratic Rep. Ro Khanna states Biden can do ‘way more’ to combat inflation

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President Joe Biden can do additional to fight inflation and demands to take action shortly, Rep. Ro Khanna, D-Calif., stated Thursday.

Khanna broke with Biden on inflation in a Thursday op-ed in the New York Instances, arguing the president's methods to inflation are just "reacting to headlines."

"I support the president’s initiatives, but we have to have a bolder vision and quicker action," Khanna wrote.

"To meet the minute, Mr. Biden really should convene an crisis activity power empowered to decreased prices and handle shortages. We want an all-out mobilization, not just a couple advertisement hoc initiatives reacting to headlines," he extra.

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President Joe Biden speaks about inflation and the economy on the White House campus, May 10, 2022.

President Joe Biden speaks about inflation and the financial system on the White Home campus, May 10, 2022.

Khanna went on to say that Treasury Secretary Janet Yellen, Secretary of Agriculture Tom Vilsack, Secretary of Transportation Pete Buttigieg and Secretary of Electricity Jennifer Granholm really should comprise the endeavor power, alongside with associates of state and area governments and small business leaders.

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 The endeavor pressure could decrease costs by acquiring meals and fuel all through world rate dips and reselling it cheaply to People, Khanna argues.

Biden laid out his three-point plan to handle inflation in the wall St. Journal on Monday. The approach largely phone calls on the Federal Reserve and Congress to manage the difficulty, even so, and there is little govt action on Biden's element.

The strategy reveals the limitations on what U.S. presidents can do to tackle economic issues like inflation unilaterally.

Biden's Republican critics go on to blast his administration's response to inflation. The Republican Countrywide Committee (RNC) accused Biden of "lying" about the brings about of and methods for inflation in his Memorial Day op-ed.

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"Right after just one of the most high priced Memorial Working day weekends on record, Biden is lying to hardworking People about the financial state," the RNC reported in a statement to FOX Enterprise. "Underneath Biden, inflation and fuel selling prices have only absent up and family members are having difficulties to find the money for essential requires as a final result. Irrespective of what Biden and the Democrats say, the financial state is declining steadily on their enjoy as households cannot find the money for every thing from gas to groceries."


[ad_2] Democratic Rep. Ro Khanna states Biden can do ‘way more’ to combat inflation


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