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David McCormick: “The enormous spending is the primary driver of inflation.”

Featuring: David McCormick, Republican | U.S. Senate, Pennsylvania

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Published | Video Starts at 05:13

And, and I do think that there's the risk of inflationary impact. And I, and frankly, I think there's two dimensions of Biden. President Biden's policies, which, which are relevant to this. One is The enormous spending is the primary driver of inflation. That and the, the policies that are directed on reducing oil and gas consumption, those are the primary drivers of inflation. And economists like Larry Summers have said as much. (05:13–05:18)

CLAIM

Asserts that large government spending is the main cause of inflation.

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