Biden’s Top Economic Adviser Says Americans Should Judge Biden on His Efforts, Not Results on Inflation
WASHINGTON D.C. – A for effort? President Joe Biden’s top economic advisor Jared Bernstein says that is exactly how we should grade Biden on his handling of the economic crisis that is brewing and the inflation that is crippling millions of American households.
Bernstein goes on to advocate for the American people to present Biden with a participation trophy when it comes to inflation. Not really, but close enough.
Appearing on CNN’s “This Hour,” Bernstein was interviewed by Kate Bolduan, where he was asked about the president’s opinion piece that was published in the “Wall Street Journal” on Monday.
In it, he lays out this three-part plan. He says in it that tackling inflation is his top economic priority.
“So should the American people judge the administration and judge the president on how quickly and how far you bring down inflation?” questioned Bolduan.
Bernstein responded that the American people have “every right to judge our administration and the president’s words by looking at our efforts on precisely that issue.”
He continued by laying out the messaging from the White House and that they are trying to explain to the American public that they are working on our behalf but that fixing the economy is not easy.
“If you listen to every speech the president has given on the economy, he’s talked about not only what a challenge this is for American households, but what we have been doing and what we’re going to continue to do. In areas of supply chains, lowering costs for households, in housing. Every one of those, he goes through in his op-ed today. Top domestic priority, he means it, we mean it. We’re going to push on that until we see prices ease.,” he stated.
“You mentioned you judge him on his efforts, but what about the result? Are you confident the efforts will bring results, that consumers are going to –” Bolduan attempted to ask, but Bernstein interrupted stating that the administration is very confident.
Bernstein added:
Look, every forecast we’ve seen has inflation growing more slowly toward the end of this year. Whether we get down to – you know, how far that goes is a matter of how accurate those forecasts are. You know, we’re not in the forecasting business here. We’re in the business of making sure those forecasts come to pass. How can we do that? We can ease pressure at the pump, as you just reported. One of the most important and tangible issues, not just for the American people, but this president grew up in a family where high gas prices were a dinner table topic of conversation. He feels that challenge in his bones, and he’s always been very much relating to those kinds of middle-class families. The largest release of – ethanol to increase the supply in gas stations that do that. And working with Congress – that he’s proposed, that could save families $500 a year on their annual utility bills.
In short, when you go to pay your bills or to pay for your groceries and let’s not forget the dreaded trip to the gas station, don’t blame Biden. He is trying and that’s all that should matter.
Watch clip above via CNN
