PolitiFact gives Jen Psaki ‘false’ rating over claim ‘no economist’ believes Biden agenda will fuel inflation
PolitiFact is pushing again in opposition to White House Press Secretary Jen Psaki about her claim portray a rosier image about President Biden’s spending agenda amongst economists.
During a press briefing final week, Psaki rejected considerations that Biden’s $1.75 trillion Build Back Better invoice would contribute to the continuing inflation disaster, telling reporters, “no economist out there is projecting that this will have a negative impact on inflation.”
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“Is it really true that there’s not a single economist who thinks the bill will boost inflation? No,” PolitiFact reacted in an article revealed Thursday. “Many economists have stated for the record that they think the inflationary impact of the bill will be small and brief. But we found lots of economists who say they expect modest inflationary pressure, at least initially.”
The report quotes economists from establishments like Bank of America and JPMorgan Chase, saying issues like, “The economy seems to be operating pretty close to its capacity constraints.”
It additionally cites Larry Summers, the previous Obama financial adviser who has been outspoken in opposition to the Biden administration over inflation considerations.
Regarding its ruling, PolitiFact insisted Psaki was “wrong” to say that “no economist foresees inflation” because of the Build Back Better spending invoice being signed into legislation.
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“Numerous economists, including some allies of the White House, have gone on the record saying there probably will be inflationary effects, especially in the near term, if the bill is passed,” PolitFact wrote. “However, the broad consensus among analysts has been that the bill’s inflationary impact will be modest and brief.”
“We rate the statement False.”
This marked PolitiFact’s first-ever fact-check of Psaki since she took over the White House briefing room.
The famed media fact-checker has been the topic of intense scrutiny over two poorly-aged experiences final 12 months involving the Kyle Rittenhouse case.
In August 2020, PolitiFact asserted it was “false” to claim Rittenhouse’s gun possession was “perfectly legal,” a fact-check the outlet stood behind even after the choose threw out a gun cost that might declare in any other case.
Another fact-check from September 2020 described then-President Trump’s description of what he believed transpired, which was that Rittenhouse acted in self-defense was “false,” insisting he had painted a “false picture” of the occasions that came about omitting key data.
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