Obama Economists Blame Biden For Today’s Inflation?

One thing liberal economists hate is realizing Milton “Free Market” Friedman was right about excessive government spending causing hyper-inflation ... so it’s no wonder Obama’s money men are now turning on Bernie, er, Joe Biden’s $1.5T American Rescue Plan.

In a recent WSJ op ed, the late U of Chicago/Stanford professor is getting the “last laugh” on his former lib counterparts for a record level of inflation, but it was Fox News that guffawed over reports Mr. Obama’s top advisers “turn on Biden after repeatedly warning of rising inflation.” Treasury’s counseling guru during the Obama Era, Steven Rattner, published 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 …” Meanwhile, a former Treasury Secretary for Obama, Larry Summers mutually “worried that shoveling an unprecedented amount of spending into an economy already on the road to recovery would mean too much money chasing too few goods.”

Yet, don’t roll over in your grave, Prof. Milton, as Mr. Summer also recently said he “supports” Biden’s $4-5T Build Back Better plan because of the “tax hikes” that come with them … Folks, anything left in your wallet?

Davd Soul