Obama-Era Adviser Calls Out Biden for ‘Dishonest’ Excuses on Record Inflation

An Obama-era economic adviser rebuffed President Joe Biden on Thursday for blaming record inflation and growing economic woes on supply chain problems. . .

The U.S. Bureau of Labor Statistics reported last Thursday the consumer price index rose to an annual rate of 7.5% in January, the highest rate in 40 years.

NBC News anchor Lester Holt later confronted Biden over his assertion in July 2021 that inflation would be “temporary,” asking the president what his “definition of temporary is.”

Biden responded by calling Holt “a wise guy,” and then he proceeded to blame continued supply chain issues for growing inflation. Biden also claimed that advisers tell him that inflation “ought to be able to start to taper off as we go through this year.”

Steven Rattner — an economics expert who served as counselor to the Treasury Department early in the Obama administration — explained in an essay for the New York Times that Biden’s excuse is “dishonest.” (Read more from “Obama-Era Adviser Calls Out Biden for ‘Dishonest’ Excuses on Record Inflation” HERE)

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