Obama Adviser Tells MSNBC: COVID Bill is COLOSSAL Waste of Money

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Appearing on Friday’s Morning Joe, former Obama administration Treasury Department official Steve Rattner proved that the COVID relief bill being pushed by Democrats was a massive boondoggle that could cause inflation and waste huge sums of taxpayer dollars. That revelation came after co-host Joe Scarborough earlier denounced Republicans as “extremists” for opposing the unnecessary spending.

To the chagrin of the MSNBC anchors, Rattner explained: “...as you guys have been talking about yesterday and today, it’s an enormously popular package. I doesn’t make it a good package.” He then compared the ill-advised plan to giving away “$100 bills on street corners,” which he acknowledged “would probably be popular as well.”

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So even if you went with the analysis of the most liberal group of three, the Biden COVID relief package would waste $215 billion on aid for state and local governments as well as education. According to the most objective analysis from Moody’s, the Biden bill would waste a whopping $415 billion on that area alone.

Rattner concluded: “It’s worth noting that we have already spend $360 billion on state and local government aid and education, much of which actually hasn’t made its way all the way out yet....this is an example of where this package could be substantially greater than the need.”

The sharp criticism of the Biden plan from Rattner being allowed on MSNBC would be remarkable by itself, however, it was made more so by the fact that just 30 minutes earlier Scarborough tarred Republicans as “extremists” for opposing the legislation:

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