Joe Biden in The Cincinnati Enquirer


On Budget & Economy: Spending bills will create opportunity & drive down prices

Q: [Are the COVID stimulus bills inflationary?]

BIDEN: The vast majority of the experts, including Wall Street, are suggesting that it's highly unlikely that it's going to be long-term inflation that's going to get out of hand. There will be near-term inflation, because everything is now trying to be picked back up.

Q: You seem pretty confident that inflation is temporary, but you're pumping all of this money into the economy. Couldn't that add to--

BIDEN: Moody's said if we pass the other two things I'm trying to get done, we will reduce inflation, because we're going to be providing good opportunities and jobs for people who are going to be reinvesting that money back in all the things we're talking about, driving down prices, not raising prices.

Source: Cincinnati Enquirer transcript of CNN Biden town hall Jul 21, 2021

On Budget & Economy: I'm tired of trickle down; build it out & up, not just down

Can you think of any time when the middle class did better, the wealthy didn't do really well? I'm not being facetious now. I'm being deadly earnest. Can you think of any time that's occurred when the middle class does better? I'm tired of trickle down. So that's what we have to do, build it out and up, not just down.
Source: Cincinnati Enquirer transcript of CNN Biden town hall Jul 21, 2021

The above quotations are from Media coverage of Ohio political races in The Cincinnati Enquirer.
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Page last updated: Jul 21, 2024