They've also been pulling liquidity out of their portfolio, trying to basically squeeze out excess cash, chasing too few goods and services. Basic definition of it, of inflation. At the very same time, What the Democrats did in their first two years of the Biden administration when they controlled the government, is this sort of planned economy, this industrial policy they engaged in. Inflation Reduction act, which is Orwellian name. But even like the CHIPS act, these other things are substantial portions of cash from treasury going out to industry. (05:26–05:37)
CLAIM
Asserts that Democrats engaged in industrial policy during the first two years of the Biden administration.
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