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22nd October 2021, 11:14 AM
#1
Iridium
Inflation only a problem for the "high class"
https://nypost.com/2021/10/14/ronald-klain-retweets-post-calling-supply-chain-crisis-high-class-issue/
WH chief of staff slammed over post calling supply chain crisis ‘high class problems’
By Callie Patteson
October 14, 2021 1:10pm Updated
White House chief of staff Ronald Klain is facing fire for retweeting a post that described a nationwide supply-chain crunch and rising inflation as “high class problems.”
Klain quote-tweeted a post Wednesday from Harvard economist Jason Furman and approvingly wrote “This” with two emoji hands pointing at the original tweet.
“Most of the economic problems we’re facing (inflation, supply chains, etc.) are high class problems. We wouldn’t have had them if the unemployment rate was still 10 percent. We would instead have had a much worse problem,” Furman wrote.
The economist was apparently referring to Federal Reserve Chair Jerome Powell saying the employment rate in January was around 10 percent.
Furman said his comment was his own “social judgment,” but critics slammed Klain for appearing to agree with it and accused him of downplaying issues impacting the finances of ordinary Americans with the let-them-eat-cake response.
Ronald Klain tweet.
____https://nypost.com/wp-content/uploads/sites/2/2021/10/ronald-klein-2.jpg?quality=90&strip=all
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Jen Psaki says the reason for inflation is that the economy is picking back up because consumer demand is now on the upswing since no more lockdowns and now lower unemployment.
embedded video go to about 2:21 for clip of Psaki
https://www.facebook.com/HuckabeeOnT...4048738919276/
Reporter asks Jen Psaki about "high class" Comment; Psaki DESTROYS her with nonsense!
Huckabee
Yes, everyone pays higher prices but...
Marxist Ivy Leagerrs and D C insiders always avoid the fact that
INFLATION IS A TAX ON THE POOR.
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