The former Obama economist Larry Summers has repeatedly called out Joe Biden for not being straight with the public on inflation.
Now a second Obama economist is doing the same.
Steven Rattner called out Biden after his recent interview with Lester Holt, where Biden blamed inflation on the supply chain problem.
Just the News reports:
Another Obama economist joins public chorus of voices disparaging Biden’s handling of inflation
Former Obama administration Treasury official Steven Rattner is the latest high-profile Democrat to hit at the Biden administration’s handling of the U.S. economy.
In a “guest essay” for the New York Times on Thursday, Rattner criticized the president for the “talking points on inflation” he provided during a recent interview with NBC’s Lester Holt.
During the interview, President Joe Biden told Holt that “the reason for the inflation is the supply chains were cut off.”
“Well, no,” Rattner responds. “That’s both simplistic and misleading.”
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The Wall Street executive in the essay also argues the Biden administration misunderstands the trials of the U.S. economy as Americans continue to contend with inflation in all sectors. He debunks Biden’s talking points and zeroes in on what he thinks the administration needs to be doing to bolster (instead of depress) the economy. (Hint: stop spending).
“The Biden administration needs to shift its approach,” he writes. “In particular, with the economy steaming along, it should make deficit reduction as important as its other initiatives. But here again, Mr. Biden has been disingenuous. His Build Back Better plan claims to be deficit neutral, but that assertion is made credible only by using the fuzziest math.”
When Biden has even lost Obama’s people…
Obama-era official: Biden is "totally dishonest" on inflation. https://t.co/mw4nyhlAIw
— Newsmax (@newsmax) February 18, 2022
Fmr Obama econ adviser @SteveRattner op-ed in NYT: "Biden Keeps Blaming the Supply Chain for Inflation. That’s Dishonest."https://t.co/Bh9CvYjnzD
— Josh Kraushaar (@HotlineJosh) February 17, 2022
Biden is a liar and even Democrats know it.
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