Steven Rattner, a former economic counselor to the Obama administration, best known as the “car czar,” for his role in handling the bankruptcies of GM and Chrysler, has slammed Joe Biden’s recent economic assessment as “simplistic and misleading.” The Daily Caller reports:
Former Obama administration economic official Steven Rattner pushed back on President Joe Biden’s explanation of the causes of the inflation crisis in an op-ed Thursday for The New York Times, blaming the federal government’s enthusiastic spending.
Referring to an interview with NBC’s Lester Holt, in which the president attributed record inflation to supply chain dysfunction, Rattner characterized Biden’s comments as “simplistic and misleading.”
“Blaming inflation on supply lines is like complaining about your sweater keeping you too warm after you’ve added several logs to the fireplace,” Rattner, who served as counselor to the U.S. treasury secretary under former President Barack Obama, wrote.
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