The Real Economic Consequences of Bad Government Policy | Joel Griffith on EWTN
Heritage Fellow Joel Griffith joined EWTN to discuss the consequences Americans are seeing reflected in the economy from irresponsible government policies and the hope that Congress puts the breaks on reckless spending.
Learn more about this issue: https://www.heritage.org/press/heritage-expert-economic-slowdown-shows-americans-continue-suffer-bidens-misguided-big
Joel Griffith is a research fellow in the Roe Institute at The Heritage Foundation. He is a research fellow for the Institute for Economic Freedom and Opportunity at The Heritage Foundation. Previously, he worked as a researcher for a former member of The Wall Street Journal editorial board. Joel also was Deputy Research Director at the National Association of Counties.
Check out his work here: https://www.heritage.org/staff/joel-griffith
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So many errors and bs.:
Keystone pipeline and KeystoneXL pipeline are different lines. Keystone is the existing and operating line mainline. KeystoneXL was to be a short cut to that line.
It was being built by a Canadian company to move Canadian crude oil to to Texas refineries then product to the open market. Not for exclusively the US market.
The company abandoned the project a month or so before Biden 'canceled it'. The company went to plan 'B'. Upgrade east going pipelines and build a new pipeline to the west coast.
The oil continues to ship by rail tank-cars just as before.
THE PROBLEM IS these companies got away with disrespecting workers. NOT RESPECTING workers is Nasty, Gross, Greedy.
Inflation is the hidden tax that affects those least able to afford it. The middle class and especially the lower economic class are hit the hardest. Leftists conveniently ignore that fact because they are locked into ridiculous Keynesian economics. Increasing taxes on corporations is a bad joke since corporations simply pass on those taxes to consumers in the form of higher consumer prices. Democrat voters who believe their leftist politicians are either extremely ignorant of real capitalist economics or they are simply stupid when it comes to understanding basic economics. BTW. a person can be intelligent and educated and yet be stupid. Look up the theory of stupidity in people and be amazed how smart people can actually be stupid when they deviate from facts and logic and go down the rabbit hole of emotions and unreal politics and economics.
I lived through 4 years of Trump.