Former Obama official: Biden dishonest to blame supply chain for inflation

m.knox

Well-Known Member
Gold Member
Aug 20, 2003
102,939
55,831
1
Biden is a dolt. Even democrats have to call it what it is.....

And it sounds like Rattner agrees with Manchin.............. Imagine that? Manchin and Sinema are right and 48 other phucktard senate democrats are wrong.

Speaking of wrong, remember how @NJPSU said the Trump tax cuts were going to create a SUGAR HIGH. Didn't happen. But it did happen with the Biden Administration paying people not to work.

https://thehill.com/homenews/admini...ial-biden-dishonest-to-blame-supply-chain-for

When interviewing Biden last week, NBC News anchor Lester Holt pressed the president on the ongoing rise in inflation, noting that he had said last year that the heightened inflation would be temporary. This line of questioning appeared to vex Biden somewhat as he responded by calling Holt a "wise guy."

"The reason for the inflation is the supply chains were cut off, meaning that the products, for example, automobiles — the lack of computer chips to be able to build those automobiles so they could function; they need those computer chips. They were not available," Biden said.

Rattner, in his op-ed, pushed back against this reasoning, saying it was "simplistic and misleading."

"For starters, the supply chains have not been ‘cut off,’ just stretched. And 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," wrote Rattner.

According to the former Treasury staffer, the current supply issues are a result of an overstimulated economy.
 

junior1

Well-Known Member
May 29, 2001
5,235
5,047
1
Biden is a dolt. Even democrats have to call it what it is.....

And it sounds like Rattner agrees with Manchin.............. Imagine that? Manchin and Sinema are right and 48 other phucktard senate democrats are wrong.

Speaking of wrong, remember how @NJPSU said the Trump tax cuts were going to create a SUGAR HIGH. Didn't happen. But it did happen with the Biden Administration paying people not to work.

https://thehill.com/homenews/admini...ial-biden-dishonest-to-blame-supply-chain-for

When interviewing Biden last week, NBC News anchor Lester Holt pressed the president on the ongoing rise in inflation, noting that he had said last year that the heightened inflation would be temporary. This line of questioning appeared to vex Biden somewhat as he responded by calling Holt a "wise guy."

"The reason for the inflation is the supply chains were cut off, meaning that the products, for example, automobiles — the lack of computer chips to be able to build those automobiles so they could function; they need those computer chips. They were not available," Biden said.

Rattner, in his op-ed, pushed back against this reasoning, saying it was "simplistic and misleading."

"For starters, the supply chains have not been ‘cut off,’ just stretched. And 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," wrote Rattner.


According to the former Treasury staffer, the current supply issues are a result of an overstimulated economy.
won't be long 'til 2lion, franklin and bear chime in with the "fake news" post.
 

m.knox

Well-Known Member
Gold Member
Aug 20, 2003
102,939
55,831
1
won't be long 'til 2lion, franklin and bear chime in with the "fake news" post.

That's called.....

head-up-ass.jpg
 
  • Like
Reactions: bourbon n blues

Hotshoe

Well-Known Member
Gold Member
Feb 15, 2012
24,871
40,272
1
Biden is a dolt. Even democrats have to call it what it is.....

And it sounds like Rattner agrees with Manchin.............. Imagine that? Manchin and Sinema are right and 48 other phucktard senate democrats are wrong.

Speaking of wrong, remember how @NJPSU said the Trump tax cuts were going to create a SUGAR HIGH. Didn't happen. But it did happen with the Biden Administration paying people not to work.

https://thehill.com/homenews/admini...ial-biden-dishonest-to-blame-supply-chain-for

When interviewing Biden last week, NBC News anchor Lester Holt pressed the president on the ongoing rise in inflation, noting that he had said last year that the heightened inflation would be temporary. This line of questioning appeared to vex Biden somewhat as he responded by calling Holt a "wise guy."

"The reason for the inflation is the supply chains were cut off, meaning that the products, for example, automobiles — the lack of computer chips to be able to build those automobiles so they could function; they need those computer chips. They were not available," Biden said.

Rattner, in his op-ed, pushed back against this reasoning, saying it was "simplistic and misleading."

"For starters, the supply chains have not been ‘cut off,’ just stretched. And 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," wrote Rattner.


According to the former Treasury staffer, the current supply issues are a result of an overstimulated economy.
I keep telling ya, there's no inflation inside the cul-de-sac. No shortages. It's always sunny, and ⛽️ is $2.05/gal.
 

Latest posts