The Biden administration: Inflation does not hurt poor people

marke

Well-known member
If I had not read this I would never have believed any government officials would have ever said something so stupid.


Ronald Klain, the White House chief of staff, was criticized online late Wednesday after he retweeted a post from a Harvard professor that summed up our top economic issues as "high class problems."

Jason Furman, Harvard’s Aetna professor of the practice of economic policy, said the country would not be faced with these issues if the unemployment rate was still 10%, an apparent reference to Federal Reserve Chair Jerome H. Powell's comments early this year when he said the unemployment rate in January was around that number.

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Furman said if that unemployment rate was still a reality, the country would have "had a much worse problem."


Conservatives on social media took issue with Klain’s retweet, claiming that he was, in effect, downplaying the hardships that some Americans are experiencing.

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