President Biden is expected to hold a meeting with bank chief executives on Wednesday as the loan-forward deadline expires.
First on Granthshala: A conservative advocacy group is launching a new ad Biden of administration The “Bidenomics” Approach to Economic Policy.
The Club for Growth, a group advocating for conservative economic principles, criticized the Biden administration in a new ad centered on White House press secretary Jen Psaki’s claim that companies would raise prices for goods and services in response to higher taxes. To raise is “unfair and absurd”. .
The ad, “Icon 101”, obtained exclusively by Granthshala News, focuses on Saki’s claims during a press briefing last week where she called the economic conception of businesses raising prices “unfair and absurd” because of the increase in taxes.
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“There are some — and I’m not sure whether this is the case in this report — who argue that, in the past, companies have passed these costs on to consumers,” Saki said at the briefing. “I’m not sure that’s the argument being made in this report. We think it’s unfair and absurd, and the American people will not stand up for it.”
In the ad launched Wednesday afternoon, the narrator asks: “Say, Jen Psaki, when President Biden raises taxes on business, won’t those costs be passed on to customers?”
“It’s unfair and absurd,” Saki says before repeating the clip. The ad ends by dubbing Saki’s claim “Bidenomics,” adding that the administration’s economic school “isn’t smart enough.”
“Rarely do the arrogance and incompetence that are the hallmarks of the modern radical Democrat Party so well blend into a single sound,” Club for Growth president David Mackintosh told Granthshala News in a statement. “What’s even more amazing is that she’s probably the best they’ve ever had.”
“The purpose of this ad is to remind Democrats, lobbyists, and the media what the Biden administration is doing for the economy and how much of its policies are in touch with their constituents,” McIntosh continued. “The time to stand up to this angry and entitled socialist nonsense is too long.”
The nearly $15,000 social media ad running on Facebook and Instagram comes as the Biden administration continues to define its economic agenda and works with Congress to pass its $3.5 trillion spending bill and increase debt limits. works to do.
Biden is expected to meet with big bank leaders on Wednesday about debt limits, as the mid-October funding deadline draws closer.
Treasury Secretary Janet Yellen, Commerce Secretary Gina Raimondo and White House Senior Adviser Cedric L. Richmond is expected to attend the meeting along with Bank of America CEO Brian Moynihan, JPMorgan Chase CEO Jamie Dimon and other financial leaders.