Victoria Coates: Biden-Harris reckless spending flooded economy with paper money, created artificial industries bubble
John Solomon Reports
John Solomon
4.7 • 6.3K Ratings
🗓️ 5 August 2024
⏱️ 67 minutes
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Summary
Former Trump Deputy National Security Adviser Victoria Coates downloads on an impending Middle East war as many hold their breathe waiting for Iran’s retaliatory response to Israel and discusses the foreign market performance woes, saying that “instead of being the world's engine, which is historically the United States’s role, we are starting to become a drag on the world economy.” Coates says, “the Biden, Harris camp keeps talking about how great [the economy] is, and that they have all these jobs. But they're reckless spending, to the tune of trillions and trillions of dollars has put an intolerable strain on our economy flooded it with all of this paper money, you know, and it's creating these kinds of, of artificial bubbles for industries that quite frankly, nobody wants, like electric vehicles. And so what we wind up with is, instead of being the world's engine, which is historically the United States is role, we are starting to become a drag on the world economy. And we're seeing out close allies like Japan, suffer it badly in their markets. And so China, of course, has had, and they have problems of their own, which we should be making worse, but instead, they're seeing us bogging ourselves down. So it really is national security issue.”
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Transcript
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