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That is from a place of plenty and scarcity. that is a good thing of course this isn't the first time we have been transitioning they told us the runaway inflation from reckless spending was transitory. >> we suspect they will be transitory. >> our economist a they feel the impact proposals will be transitory. >> the transitory effects. >> it will be several months of high inflation including what they believed is transitory. >> and with that is the inflation problems. >> with a few notable exceptions like larry summers with the spending and confidence in fact as a wall

Is often the thing that's like the last thing to be said, john harwood, is stating the obvious when it comes to federal government. >> reporter: journalists as well as public officials, i would say. >> okay. i agree. you know, you're not looking at me. you're looking at me. >> reporter: i'm not looking at you. >> kidding. let me go to larry summers though. you mentioned him, critical early of the white house and predicted that inflation problems were coming and what we're seeing now. i want to play for you, he spoke, john berman this morning, i want to play what his prediction is now. >> here'...

Decades, but only time will tell not only if that is enough but if interest rates are enough to meet the kind of inflation problems that you layout, raising interest rates cannot build more houses, it cannot increase oil supply, it cannot provide more rental cars or used cars. these are all the problems swirling around the economy that interest rates might not be a match for. >> and you had record high gas prices over the weekend but you don't want the federal government setting gas prices. that is not what we do here. later today the president and treasury secretary will meet with the fed chi...

The supply constrained economy. >> just to be clear, though, how much of this inflation problem is in the president's control? >> not very much of it. i do think by eliminating some tariffs, you can actually al alleviate some of the inflation problems. that's different than the gas taxes which was well pointed out that that isn't the best solution. in fact, many state and local governments are now trying to blunt the blow of these higher prices at the pump and in grocery stores. and although that's good politics, because everyone feels the effects of inflation, it's not the best economics, bec...

Oregon and washington state. crucial to trying to sell the message outside the beltway. it is not working right now. >> dana: a rainy easter egg roll. >> bill: analysis now. republican strategist brian robinson from atlanta and how are you doing, sir? good morning to you. we heard from kevin mccarthy. the top issues now. nbc news, cost of living at 21%. followed by jobs and the economy at 16%. i guess you could lump them together, right? if you did and do that's 37%, brian. how do you see it working and playing out? >> i don't think there is much that the democrats really can do. we'll see inf...