Biden's economic policy is the 'exact opposite' of what would bring down inflation: Josh Holmes

Former McConnell chief of staff Josh Holmes said on "America's Newsroom" that the Biden administration's strategy of flooding the marketplace with cash is the 'exact opposite' of what should be done to curb inflation.

JOSH HOLMES: We're not talking about presiding over a bad economy, we're talking about basic financial literacy at this stage. Remember, we're at 8.5% inflation, and their answer is to flood the marketplace with more currency. They still want to pass [Build Back Better]. You have this problem with gas prices. Their first instinct was to try to hand out gas cards. Again, flooding more currency into the economy. 

Almost everything, from the student loan – think about that for a second, they want to forgive student loans. Meanwhile, you've got an armada of ships hanging out in the Pacific and Atlantic that can't be unloaded because we don't have the people to do it. Every single thing that they're doing to try to rectify the economy is the exact opposite of what you should do.