Political Quotes

“last week, President Biden's Chief of Staff retweeted a tweet from Harvard economist Jason Furman describing our current economic challenges--notably, the growing inflation crisis and supply chain issues--as ``high class problems.'' ``High class problems.'' Well, I guess working Americans struggling to stretch their paychecks to cover increases in the price of everything from groceries to gas can comfort themselves with the knowledge that they are experiencing ``high class problems.'' The White House Chief of Staff's tone-deaf tweet was, unfortunately, pretty typical of a White House that seems eager to minimize or disclaim responsibility for most of the problems occurring on its watch, whether it is the flood of illegal immigration across our southern border or the high prices Americans are currently facing. But as the White House Chief of Staff and the President should know, inflation has become a serious problem for working Americans. Inflation, of course, hits middle- and low-income families hard. If you are wealthy, price increases may be an annoyance, but they are not likely to break the budget. If you are living paycheck to paycheck, on the other hand, price increases may mean the difference between making it to the next paycheck or running out of money mid-month. Currently, inflation is costing a typical household $175 a month, and that is according to Moody's Analytics.…”