Ahead of the Federal Reserve announcing a cut to interest rates on Wednesday, some economists say the key driver to the high price of goods and costly living remains unchecked.
www.foxbusiness.com
"The Fed is supposed to be politically independent," he continued. "We’re set up to be politically independent for that reason, and so part of their task is to not look like they are simply weighing in on one side politically or the other. And I think they’ve certainly failed in that duty this election, because regardless of what their true motivations may or may not be, it certainly looks very suspicious."
"The Fed raised the interest rates to try to slow down an economy that was completely overheated from reckless government spending and the attack on domestic energy production," Ortiz said.
Among other things, the Biden-Harris administration stopped the Keystone XL pipeline, put a moratorium on new leases on federal lands for oil and gas drilling, and imposed various EV mandates.
"It really sent a kind of a ripple effect for the entire industry that basically said to investors, don't invest in [the fossil fuel] industry," Ortiz says. "It really destabilized the industry both domestically and globally."
Great observation/comment -
"I like calling Biden and Harris arsonist firefighters. They're trying to get credit for putting out a fire that they created," he said.
