Top White House official retweets post calling inflation, supply chain issues ‘high class problems’

Ronald Klain, the White House chief of staff, was criticized online late Wednesday after he retweeted a post from a Harvard professor that summed up our top economic issues as “high class problems.”

Jason Furman, Harvard’s Aetna professor of the practice of economic policy, said the country would not be faced with these issues if the unemployment rate was still 10%, an apparent reference to Federal Reserve Chair Jerome H. Powell’s comments early this year when he said the unemployment rate in January was around that number.

Furman said if that unemployment rate was still a reality, the country would have “had a much worse problem.”

Conservatives on social media took issue with Klain’s retweet, claiming that he was, in effect, downplaying the hardships that some Americans are experiencing.

“Struggling to pay for food, fuel, and housing because of rising prices is not a ‘high class problem,’” Tommy Pigott, the rapid response director for the Republican National Committee, tweeted. “Biden is making everyone worse off, but instead of stopping the damage, their strategy is to try to gaslight Americans.” – READ MORE

Related Articles

(PREMIUM) PAINE IN THE MORNING: 11 things you need to know this Tuesday – September 21, 2021

There is also an ad free audio version of this episode you can listen to HERE. Report: U.S. to Require Vaccines for Foreign Travelers Entering Country – The U.S. will require adult foreigners entering the country to be fully vaccinated for the Chinese coronavirus from November onwards, The Hill reported Monday. According to the story,…

To access this post, you must purchase The Hot Wire, The Hot Wire (DG), Monthly Supporter​ or Monthly Supporter​ (DG).

(PREMIUM) PAINE IN THE MORNING: What you need to know this Wednesday – July 27, 2022

Here’s what you need to know today, Wednesday – July 27, 2022. WE HAD some technical issues but recovered the important video portions. There is also an ad free audio version of this episode you can listen to BELOW   The Fed prepares to fight inflation with more rate hikes this week despite growing concern…

To access this post, you must purchase The Hot Wire, The Hot Wire (DG), Monthly Supporter​ or Monthly Supporter​ (DG).

Responses