Biden: Spending $3.5T Will Reduce Inflation

BIDEN: "No. Look, here's the deal. Moody's today went out — Wall Street firm, not some liberal think-tank — said if we pass the other two things I'm trying to get done, we will, in fact, reduce inflation. Reduce inflation. Reduce inflation, because we're going to be providing good opportunities and jobs for people who, in fact, are going to be reinvesting that money back in all the things we're talking about, driving down prices, not raising prices. And so it is — I sincerely mean this. Prices are up now, and they're up— for example, you're in a position where you're trying to build a house, try to find 2x4s and lumber. Well, guess what? Well, people stopped working, cutting lumber, they stopped doing it because unemployment was so down. Now all of a sudden there's this need because people are coming back, and guess what? Instead of paying 10 cents, you're paying 20. You understand what I'm saying?"