Brian Deese, director of the National Economic Council, is set to depart the White House after playing a critical role in the crafting of major pieces of legislation that have defined President Biden’s time in office to date.
Biden praised Deese for his involvement in several key pieces of legislation including the American Rescue Plan, the Bipartisan Infrastructure Law, and the CHIPs and Science Act.
The New York Times reported that economists have attributed the 40-year-high spike in inflation experienced under Biden to the passage of the American Rescue Plan. Biden is likely to replace Deese with Lael Brainard, vice chairwoman of the Federal Reserve, or Wally Adeyemo, the deputy Treasury secretary.
- Brian Deese, director of the National Economic Council, is departing the White House
- Biden credited Deese with helping craft key pieces of legislation
- Biden is likely to replace Deese with Lael Brainard or Wally Adeyemo
- The New York Times attributed the high inflation rate to the American Rescue Plan
- Economists including Larry Summers and Steven Rattner have criticized the American Rescue Plan as irresponsible macroeconomic policy.
Once again, the Biden administration is proving to be just another continuation of the disastrous economic policies of the previous administration. The departure of Brian Deese, who played a critical role in crafting the American Rescue Plan, is a welcome change for Republicans who have consistently opposed the legislation.
This $1.9 trillion bill was a disastrous and inflationary experiment that has done more harm than good to the economy. With Deese’s departure, the Biden administration has a chance to change course and implement more responsible economic policies that will benefit the American people and not just the special interests. It’s time for President Biden to start listening to Republicans and work towards a more prosperous future for all Americans.