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Obama Econ Adviser "Biden’s Stimulus ‘Brought Us a Lot More Inflation Than It Did Growth"
Posted on 5/14/22 at 1:14 pm
Posted on 5/14/22 at 1:14 pm
NO WAY!!!!!
LINK
quote:
On Friday’s broadcast of CNN International’s “Quest Means Business,” Jason Furman, who served as Chairman of the Council of Economic Advisers under President Barack Obama and on the Council of Economic Advisers and the National Economic Council under President Bill Clinton and is currently a Professor of the Practice of Economic Policy at Harvard University and the Harvard Kennedy School, stated that while some action was needed, President Joe Biden’s economic stimulus plan was too big, badly designed, ultimately “brought us a lot more inflation than it did in terms of economic growth.” And “got the balance wrong.”
Host Richard Quest asked, “Do you think the Biden — that the Biden stimulus plan passed in the first days was a mistake, it was unnecessary fuel on the fire?”
Furman responded, “I think it was too large. I think it was poorly designed. And I think it brought us a lot more inflation than it did in terms of economic growth. Something was needed. Not everything’s terrible in the economy, we have a 3.6% unemployment rate. We’re creating jobs at a rapid clip. There [are] a lot of good things too. They’re, in part, due to that. But I think we got the balance wrong.”
LINK
Posted on 5/14/22 at 1:28 pm to Jjdoc
We absolutely do not have smart people running this country
Posted on 5/14/22 at 1:29 pm to Jjdoc
Eh. I got a .357 magnum out of it.
frick you, Joe.
frick you, Joe.
Posted on 5/14/22 at 1:32 pm to Jjdoc
The fix is in. They'll let him finish out his term so they can run someone else on the platform of "look, I'm not Biden. We can't let a republican win right now, it's too important. Let me fix this". Biden will not be the nominee in 2024.
Posted on 5/14/22 at 1:32 pm to Jjdoc
In other words, the plan worked.
Posted on 5/14/22 at 1:40 pm to Jjdoc
People so desperately slutted themselves out for $1500
Look where that got us all
It definitely was not worth it
But Americans are so short sighted they simply wanted money now damnit and didn’t care what the end result would end up being ( inflation )
Look where that got us all
It definitely was not worth it
But Americans are so short sighted they simply wanted money now damnit and didn’t care what the end result would end up being ( inflation )
This post was edited on 5/14/22 at 1:44 pm
Posted on 5/14/22 at 1:41 pm to TDsngumbo
quote:i disagree. he's going to be made to look like a genius.
Biden will not be the nominee in 2024
Posted on 5/14/22 at 1:43 pm to Jjdoc
He’s right but apply everything he said about Biden’s stimulus to Obama’s 2009 union bailout x 10.
Posted on 5/14/22 at 2:49 pm to Jjdoc
What a huge pile of steaming BS from this obama stooge.
Most of the idiots in the xiDung admin are obama hold overs.
This buffoon, furman, sees the huge cluster that they have created and he is in CYA mode trying to cover his pathetic hide.
Most of the idiots in the xiDung admin are obama hold overs.
This buffoon, furman, sees the huge cluster that they have created and he is in CYA mode trying to cover his pathetic hide.
Posted on 5/14/22 at 3:40 pm to cajuntiger1010
quote:
We absolutely do not have smart people running this country
Disagree. The people running our country are very intelligent, and their policies are having the desired effect. They’re not dumb, just evil.
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