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Old 11-20-2021, 12:47 PM
 
Location: Southern Nevada
6,679 posts, read 3,299,393 times
Reputation: 10225

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So I wonder if the radical left will now turn on Obama since his advisors have turned on Biden? They were right, but their words fell on the deaf ears of free-spending economically illiterate Biden administration.

Top Obama advisers turn on Biden after repeatedly warning of rising inflation

Former President Barack Obama’s top economic advisers appear to be souring on the economic policies of his former vice president, voicing frustrations that President Biden hasn’t heeded their concerns about the burgeoning inflation crisis.

Steven Rattner, who served as counselor to the Treasury secretary in the Obama administration, issued a scathing op-ed Tuesday saying Biden’s $1.9 trillion American Rescue Plan, passed in March, was the "original sin" that contributed materially to today’s inflation, which hit the highest annual rate since November 1990, according to the Labor Department.


https://www.foxnews.com/politics/oba...sing-inflation

Anyone with half a brain could see what Biden's asinine agenda would do to inflation, but he continues to lie and ignore what everybody else is seeing in the real world. The real world is a place that Biden and the Democrats are unfamiliar with and couldn't care less about.
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Old 11-20-2021, 12:55 PM
 
Location: Boston
19,924 posts, read 8,819,714 times
Reputation: 18467
buy some blankets....
Winter heating bills set to jump as inflation hits home ...
https://abcnews.go.com › Business › wireStory › heating-bills-set-soar-inflation-hits-energy-prices-80559507
With prices surging worldwide for heating oil, natural gas and other fuels, the U.S. government said Wednesday it expects households to see their heating bills jump as much as 54% compared to last ...
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Old 11-20-2021, 12:58 PM
 
Location: On the Great South Bay
9,108 posts, read 13,129,728 times
Reputation: 10070
And this "American Rescue Plan" gave hundreds of billions to state and thousands of local governments - NO ONE REALLY KNOWS WHERE THIS MONEY WENT. Not to mention this is on top of trillions of dollars borrowed last year for Covid relief and now this latest "Build Back Better" disaster.

Not surprising we are going into an inflationary period the likes of which most of us have never seen before.

AND all of this is BORROWED money and the real DISASTER is going to be for our younger generations like the Millennials and Generation Z. They are going to see long term decades from now their taxes raised and government programs slashed to the bone to pay for all of this.
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Old 11-20-2021, 01:07 PM
 
6,738 posts, read 2,880,878 times
Reputation: 6714
Quote:
Originally Posted by Camaro5 View Post
So I wonder if the radical left will now turn on Obama since his advisors have turned on Biden? They were right, but their words fell on the deaf ears of free-spending economically illiterate Biden administration.

Top Obama advisers turn on Biden after repeatedly warning of rising inflation

Former President Barack Obama’s top economic advisers appear to be souring on the economic policies of his former vice president, voicing frustrations that President Biden hasn’t heeded their concerns about the burgeoning inflation crisis.

Steven Rattner, who served as counselor to the Treasury secretary in the Obama administration, issued a scathing op-ed Tuesday saying Biden’s $1.9 trillion American Rescue Plan, passed in March, was the "original sin" that contributed materially to today’s inflation, which hit the highest annual rate since November 1990, according to the Labor Department.


https://www.foxnews.com/politics/oba...sing-inflation

Anyone with half a brain could see what Biden's asinine agenda would do to inflation, but he continues to lie and ignore what everybody else is seeing in the real world. The real world is a place that Biden and the Democrats are unfamiliar with and couldn't care less about.
You guys just don't understand, high inflation doesn't matter at all, suck it up.! What is important is that Nancy gets a park in her neighborhood remodeled to the tune of 200 million and name it after her. She needs a quiet, peaceful place to relax and consume her $50 a pint ice cream. She deserves it..!
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Old 11-20-2021, 01:11 PM
 
9,639 posts, read 5,978,203 times
Reputation: 8567
The American Rescue Plan hasn't increased inflation.

It's literally just a stack of paper at this point.

Nor was this guy Obamas top economic advisor. He was the Car Zar regarding the failures of GM and Chrysler. He apps fiears to really like bringing up his five minutes of public service.
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