FOX Business Flash top headlines for March 8
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Democratic Rep. Cindy Axne of Iowa denied a link between government spending under President Biden's administration and the skyrocketing rate of inflation sweeping across the U.S. economy during a recent interview.
Axne's position conflicts with what economists have said on the issue.
In an interview with local radio station KNIA-KRLS last week, Axne was asked whether she believed the unprecedented inflation in the U.S. economy was linked to the White House's spike in spending during and after the pandemic. Axne dismissed this narrative as a "talking point" and said that conclusion was "shortsighted" and not in touch with "the reality of things."
"The facts are that although there is inflation, it isn’t just because of – you can’t ever just – listen, I wouldn’t blame inflation on President Trump, and I’m not going to blame it on President Biden," Axne told host Bob Leonard. "To do so is so shortsighted and doesn’t look at the reality of things."
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"It was decades of moving products out of our country from – you know, from creating them here," Axne continued. "Decades of putting tax policy in place that hurt working-class families but really helped out corporations not paying their fair share. And then you throw on top of it a major worldwide crisis of a pandemic, where we’re seeing...
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