Rep. Matt Gaetz, R-Fla., told Fox Business on Tuesday that the $1.9 trillion coronavirus stimulus package will act as a “Trojan horse” for socialism, and claimed it would put the U.S. dollar in “more jeopardy than it is today.”
In an interview with “Mornings With Maria,” Gaetz said that the bill, which House Democrats hope to pass on Wednesday, "is a Trojan horse for socialism, it is everything Democrats have wanted wrapped and branded in coronavirus so that people are scared into voting for it."
He added, “the point that was made by your financial panel earlier is entirely correct. This is only the beginning. And we are about to see massive inflation in this country as a consequence of no real pressure against the printing of money.”
According to Gaetz, “The only reason that we haven't seen that inflation yet, one, we've had downward pressure as a result of the lower cost of transmitting data. Second, the dollar continues ... to be very attractive globally for people to acquire. And I think that as we roll into the second and third rounds of stimulus, you put the dollar as the global reserve currency in more jeopardy than it is today."
White House press secretary Jen Psaki said on Monday that “the president is taking nothing for granted,” and went on to call the package “one of the most consequential and most progressive pieces of legislation in American history.”
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