Biden’s economist accuses Pence of recycling outdated economic talking point.
The Chairman of the Council of Economic Advisers Accuses Former Vice President Mike Pence of Peddling Outdated Economic Talking Points
Economist Jared Bernstein, appointed by President Joe Biden, appeared on Fox News Sunday to respond to Pence’s recent statements. Pence had echoed his campaign trail claims, stating that inflation is at a 40-year high. Bernstein, anticipating Pence’s remarks, quickly dismissed them.
“By the way, we got to tell Mike Pence that June 2022 wants its talking point back. That is, he talked about inflation at a 40-year high. That was true over a year ago. It is down two-thirds since then. 9.1%, that’s what he was referring to,” Bernstein said. “Again, that is a stale, over-a-year-old talking point, and it’s down about 3%.”
Host Shannon Bream interjected, pointing out that inflation is still higher than when the current administration took over. Bernstein responded, emphasizing that wages are not keeping up with inflation, which is the crucial point.
Pence shared his segment on X, formerly known as Twitter, but notably left out his “40-year high inflation” comment from the caption of the clip.
“Nobody is buying Bidenomics. Mortgage rates are at a 22-year high, and 2 out of 3 Americans are living paycheck to paycheck,” the caption reads. ”The time has come for us to offer a vision for renewing this economy!”
Pence has promised to appoint someone like Judy Shelton to the Federal Reserve if elected president.
About Jared Bernstein
Jared Bernstein previously served as the chief economic adviser to then-Vice President Joe Biden from 2009 to 2011. He was appointed by Biden to the Council of Economic Advisers in June.
Sources: The Washington Examiner
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