inflation shows we re coming out of the recession. it s a good sign. president biden s chief of staff ron klain enthusiastically retreated an economist who said in part most of the economic problems, inflation, supply chains, et cetera, are high class problems. now i get the larger point that when we re talking about economics, we re coming out of recession. but doesn t it seem tone deaf to say that rising prices and important grocery store shelves are high class problems? isn t that dismissive? well, that s not exactly what the tweet said nor the retweet of the original tweet, which is what we re talking about here. is true, though, and economists will tell you this. you ve interviewed some of them as well. the unemployment rate is about half what it was a year ago. so a year ago, people were in their homes. 10% of people were unemployed. gas prices were low because nobody was driving. people weren t buying goods because they didn t have jobs. now more people have jobs. more people
run government when you have no experience running anything, like joe biden, like pete buttigieg, no surprise they think they can wave a magic wand and say we ll turn it on 24/7 it ll be fine. brian: how about bring in the head of the ceo fedex and other prestigious organizations and you bring them in and your one brainstorm is we ll keep a dock over for 24 hours? are you kidding me that s your plan? meanwhile yesterday this was stunning. it was about i would think about 10:00 in the morning when ron cl ain the chief of staff, whose a harvard economics professor and former chairman of president obama s council of economic advisors he retweeted this. most of the economic problems we re facing, inflation, supply chain, et cetera, are high class problems. we wouldn t have had them if the unemployment rate is still 10%. we would instead have had a much worse problem, retweeted. what a genius. those high class problems those rich people who always want meat and eggs and gas, not
factories and jobs to china. he welcomed china in the world trade organization, which they have gained to take more and more jobs, which requires us to send our money there to import these goods back. now joe biden wants to blame just transitory shipping conditions. this is much deeper than that and joe biden has been at the root of it from the very beginning. trace: a couple of questions in one. you talked about blame here. he came out and he said the private sector needs to step up to help this supply chain crisis. then on the flip side, you had the white house chief of staff, ron klain, saying this is a high class problem, retweeting that. what are your final thoughts on that? ron klain noting that its high class problems to have a supply chain issue. you can t get costumes for thanksgiving or christmas presents for christmas reminds me of the old saying that it s
package, 5.5 trillion or less if there s negotiation. but you can see there, we can see the inflation outpacing wages, especially those making minimum wage. that s why people say this retreat by chief of staff ron klain is tone deaf. they say it s in high class problems. the man that wrote that original tweet, jason furman backs up what he wrote. listen. one is inflation is real. inflation is creating a problem for families that we should do something about it. number 2, the reason we have this inflation is actually a good reason. the unemployment rate has come down. families got money. people are buying more things than ever before. the white house also standing firm on the retweet endorsement from the official white house chief of staff account. jen psaki basically saying inflation is a good problem because it shows the economy is making progress. tell that to anyone going to a
a harvard professor that said most of the economic problems we are facing, inflation, supply chan chains, et cetera, are high class problems. he s getting a lot of fire for this the issues we re seeing are grocery bills are up, rent is up, gas prices are up, those are things that affect every single person, every single day of their life. and that is something that when ron klain was tweeting this it raised a lot of eyebrows and people saying is that really the white house s position on this. ron klain is a very active chief of staff on twitter, more active than any other previous chief of staff and playbook is reporting this morning a former chief of staff to president bush and to president obama are both saying they re kind of surprised by how active he is on twitter given, of course, a chief of staff job is a very tough job. i do think the white house is downplaying this as being any kind of statement from the white house, any kind of official policy position, saying that s not re