Harvard economics professor and former Obama official Jason Furman set off alarms across America last week by declaring that inflation and the Biden Supply Chain™, and the many hardships the Biden Economy™ continues to visit on everyday Americans is nothing to worry about — much ado about nothing, as it were — and it is only creating problems for the “high-class” among us.
Yep, simply “high-class problems,” gang — move along. Nothing to see, here.
Listen, it’s not like the Democrat Party hasn’t been tone-deaf to the problems of everyday Americans for six decades, but this fundamentally boneheaded observation is beyond the pale. From a Harvard economics professor, no less. Oh — wait — never mind.
“Most of the economic problems we’re facing (inflation, supply chains, etc.) are high class problems. We wouldn’t have had them if the unemployment rate was still 10 percent. We would instead have had a much worse problem..”
Most of the economic problems we’re facing (inflation, supply chains, etc.) are high class problems. We wouldn’t have had them if the unemployment rate was still 10 percent. We would instead have had a much worse problem.
— Jason Furman (@jasonfurman) October 14, 2021
The second stupidest thing Furman did last week? He appeared on Fox News’ “America’s Newsroom” and attempted to explain his ridiculous observations to host Bill Hemmer. So how did that go, as reported by The Blaze? The ever-polite Hemmer took it straight to Furman from the start — albeit nicely:
“Jason, you started a prairie fire yesterday. To paraphrase Jay Leno, what the hell were you thinking?”
Furman of course attempted to defend his comments, as transcribed by The Blaze, foolishly alleging that rising inflation is somehow a “good thing.”
“You need to keep two things in your head at once. One is, inflation is real. [No crap?] Inflation is creating a problem for families, and we should do something about it.
“Number two, the reason we have this inflation is actually a good reason: that the unemployment rate has come down, that families got money, and people are buying more things than ever before.”
Wait — wut? So inflation is creating a problem for families but that’s actually a good thing because people are buying more things than ever before. (Pay no attention to that man behind the curtain.)
So what about the supply chain? Brilliant Harvard stuff flowed from the former Obama official.
“The problem isn’t that our ports stopped working [I’m aware; tell Biden], it’s that people are buying so much stuff, that so much is trying to come through our ports right now. We have record volumes, you know, that both has a good side, a bad side, you need to keep both those in your head.”
Yeah, mostly a complete crock of crap.
Without a sufficient number of truckers to pick up that ever-increasing amount of “stuff,” Scooter, it isn’t going anywhere — regardless of how much “stuff” Americans continue to buy. Hell, even Circle-Back Psaki was forced to admit last week that the Biden administration can’t predict a Ho-Ho-Ho Christmas for America, remember? For us everyday Americans, that is.
And, Jason? Why do I think Christmas is going to be merry as hell for your elitist “high-class” friends?
I could use the rest of this article to point out the many obvious problems and blatant contradictions with Furman’s out-of-touch observations, beginning first with why behind Furman’s assertion that the unemployment rate has come down, but I’d rather not write 2,000 words, here.
Incidentally, did I mention that Furman is also a stand-up comic?
“Most presidents get one big fiscal thing done. President Biden is on track to getting three done, an enormous rescue plan, an infrastructure bill, and this reconciliation bill which focuses on climate change and child care.”
“Most presidents get one big fiscal thing done,” Jason Furman says. “President Biden is on track to getting three done, an enormous rescue plan, an infrastructure bill, and this reconciliation bill which focuses on climate change and child care.”https://t.co/YiMQrpWpHz
— MSNBC (@MSNBC) October 13, 2021
Finally, as we reported on Wednesday of last week, Biden stooge — Chief of Staff — Ron Klain ignorantly jumped all over Furman’s ridiculous comment like a desperately starved blind squirrel jumping on an acorn.
This 👇👇 https://t.co/ymh53nEHAg
— Ronald Klain (@WHCOS) October 14, 2021
Nice job, Ron — say “hey” to Joe, from everyday America.