Spending bill moves US economy towards ‘neo-Marxist’ collectivist model: Former Treasury Department official

Who protects the Democrats?

Former Treasury Department official Monica Crowley breaks down what constitutes the Inflation Reduction Act after President Biden signed it into law in “Jesse Watter’s Primetime.”

NEWYou can now listen to Fox News articles!

Former Treasury Department official Monica Crowley said Tuesday in Jesse Watters Primetime that the inflation-reducing bill is moving the US economy toward a “more neo-Marxist,” collectivist model.

MONICA CROWLEY: [Democrats] have a critical group of people on their side to protect them, namely the press. When you have the protection of the mainstream press, you can get away with literally anything. So this thing has been repackaged and communism never dies – it just gets renamed.

TRUMP MAR-A-LAGO RAID: JUDGE SCHEDULES HEARING ON POTENTIALLY DECIDING FBI SEARCH RECORDS

And here we have another bill that will move this country away from economic freedom and free market capitalism towards a more neo-Marxist, collectivist model. So when the Left talks to you about climate change, when they say they really care about preserving the environment, they may have some fundamental concerns about these issues. But that’s not the point here at all. It’s once again about transforming the US economy and because the energy sector is the biggest lever they have to do that, they keep attacking that and that’s why they keep spending as much as they do do it.

CLICK HERE TO DOWNLOAD THE FOX NEWS `P

WATCH THE FULL INTERVIEW BELOW:

This article was written by Fox News staff.