Biden's ex-chief of staff admits US prices are too high: Experts break down who's 'struggling' most
Former Home Depot CEO Bob Nardelli and America First Institute chief economist Michael Faulkender give their economic outlook on 'The Evening Edit.'
Two market and economic experts are siding with recent commentary from a former White House chief of staff that inflationary pressures are becoming too much for Americans to bear.
«Another group that's really been hurting under this administration is what has typically been a core Democratic constituency, which is young people, but they, of course, are the ones that have a disproportionate portion of their income go to things like food and energy,» former assistant Treasury secretary for economic policy Michael Faulkender said Thursday on "The Evening Edit."
«They're the ones that are really struggling to buy houses and buy cars due to the high interest rate environment that we're seeing under this administration,» he added.
In a surprise turn on his former boss, Biden’s ex-chief of staff Ron Klain told MSNBC host Chris Hayes on Wednesday that inflation has become too high and American families are getting hit hardest.
AMERICANS ARE DRAINING THEIR RETIREMENT ACCOUNTS, RACKING UP DEBT DUE TO HIGH INFLATION
«People live their lives and they wonder how it affects them and their kitchen table and their family budget. And prices, although inflation has moderated, prices are still high,» Klain said. «The price of gasoline is still high, other prices are still high, and people feel that pinch.»
According to former Treasury official Michael Faulkender, those hurt most by Bidenomics are young people, President Biden's «core Democratic constituency.» (Fox News)
«On the first day of this administration, they surrendered our energy independence. Then they took the oil out of the
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