Fox Business Network Stuart Varney He asked his committee on Monday for an opinion on a recent headline from Washington Post Announcing that the United States has achieved the best economic recovery from the global pandemic.
“Low inflation and high growth give the US the best recovery in the world,” Varney read from the article. Steve Forbes With me this morning. I think the Democrats will run with that title. I mean, they put this plaster everywhere, but are they right? Does America, does America now have the best recovery?
“Well, yes it is,” Forbes said reluctantly, adding:
The rest of the world is doing very poorly. Germany is now the weakest developed country in the world. enormous. One of the main reasons is their green policies, which have paralyzed electricity prices. Britain, same thing. Hardly any growth. Japan is dead in the water. China, we know the problems there. The main thing is that the reason the economy is doing so well is because of government spending. How long can you keep this up? Ask Argentina where this ultimately leads.
“But if we do that, we’ll continue to do that. I mean, the future projections for government spending are there. So the economy will still get more help from government spending here,” Varney continued.
“Well, the thing about growth, the crazy way they deal with GDP is that they view government spending as a plus. That’s why
The Soviet Union has looked good for a long time. East Germany has been looking good for a long time. Is government spending considered as positive as private investment? “We know this is nonsense,” Forbes responded as he continued his criticism of out-of-control spending.
“I bet the next time KJP or the president answers any kind of question whatsoever about the economy, the Washington Post article will write those questions up front.” “We’ve had the best recovery,” and that’s a very good political slogan in an election year. Varney continued.
It is worth noting that in recent weeks the United States has recorded new records at the domestic level energy production Stock market rises.
Watch the clip above via Fox Business.