Biden claim that supply chain is to blame for inflation is 'totally dishonest,' Obama-era official says

[Ordinary Guy]

President Biden has repeatedly blamed tangled supply chains for the surging inflation that has seeped into every part of the U.S. economy – but a former Obama administration official on Thursday dismissed that as a "totally dishonest" argument.


In an op-ed for The New York Times, Steven Rattner – who served as counselor to the Treasury secretary under then-President Barack Obama – accused Biden of mischaracterizing the once-in-a-generation inflation spurt that Americans are experiencing.

"Supply issues are by no means the root cause of our inflation. Blaming inflation on supply lines is like complaining about your sweater keeping you too warm after you’ve added several logs to the fireplace," Rattner wrote. "The bulk of our supply problems are the product of an overstimulated economy, not the cause of it."

Biden claim that supply chain is to blame for inflation is 'totally dishonest,' Obama-era official says

President Biden has repeatedly blamed tangled supply chains for the surging inflation that has seeped into every part of the U.S. economy – but a former Obama administration official on Thursday dismissed that as a "totally dishonest" argument.

www.foxbusiness.com

Welcome to the repeat of Jimmy Carter, the worst President in my lifetime!

 

[Polishprince]

If the problem was the supply chain, what is ButtPlug, Biden's hand-picked Transportation Secretary doing about it?

 

[otto105]

President Biden has repeatedly blamed tangled supply chains for the surging inflation that has seeped into every part of the U.S. economy – but a former Obama administration official on Thursday dismissed that as a "totally dishonest" argument.


In an op-ed for The New York Times, Steven Rattner – who served as counselor to the Treasury secretary under then-President Barack Obama – accused Biden of mischaracterizing the once-in-a-generation inflation spurt that Americans are experiencing.

"Supply issues are by no means the root cause of our inflation. Blaming inflation on supply lines is like complaining about your sweater keeping you too warm after you’ve added several logs to the fireplace," Rattner wrote. "The bulk of our supply problems are the product of an overstimulated economy, not the cause of it."

Biden claim that supply chain is to blame for inflation is 'totally dishonest,' Obama-era official says

President Biden has repeatedly blamed tangled supply chains for the surging inflation that has seeped into every part of the U.S. economy – but a former Obama administration official on Thursday dismissed that as a "totally dishonest" argument.

www.foxbusiness.com

Welcome to the repeat of Jimmy Carter, the worst President in my lifetime!

Wow, just wow. It's like COVID never occurred to Steven...


But you go ahead racist ordinary guy.

 

[wamose]

This batch of Marxist Democrats have to be the dumbest political assholes that ever came down the pike. Even worse is the fact they actually think people believe their garbage. In other words, they think the American people are idiots.

 

[otto105]

This batch of Marxist Democrats have to be the dumbest political assholes that ever came down the pike. Even worse is the fact they actually think people believe their garbage. In other words, they think the American people are idiots.

No, just QOP sycophants.

 

[Moonglow]

If the problem was the supply chain, what is ButtPlug, Biden's hand-picked Transportation Secretary doing about it?

Telling Americans to buy less to help the supply issues.

 

[Moonglow]

Companies are pocketing their fattest profits in more than 70 years, even as they complain about inflation​

Companies are pocketing their fattest profits in more than 70 years, even as they complain about inflation

Companies aren't just raising prices enough to cover rising costs from inflation, they're padding their margins on top.

www.businessinsider.com