Trump already 'set to repeat Biden's mistake': conservative economist

Conservative economist Brian Riedl thinks that President Joe Biden's biggest mistake was the first major piece of legislation that he signed into law: The American Rescue Plan.

Writing on Twitter, Riedl acknowledges that inflation was likely to have spiked regardless of what Biden did when he came into office given pandemic-related supply chain disruptions, but he adds that $1.9 trillion stimulus program poured "gasoline on the inflationary fire."

"Democrats ignored their own economists -- they won the election and it was their turn to hand out benefits and make up for the 'too small' Obama stimulus," he wrote. "Well, without ARP, inflation likely peaks at 6% instead of 9%, the voter backlash is muted, and Harris may win."

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After chastising Democrats for this political miscalculation that helped bring President-elect Donald Trump back into the White House, he then said that Trump could enjoy a short honeymoon if he really is hellbent on enacting his planned tariffs on all foreign goods.

"Amazingly, Trump is set to repeat Biden's mistake by ignoring broad economist warnings and going big on inflationary tariffs right off the bat," he added.