Fmr. Obama Treasury Counselor Rattner: Fixing Inflation Will Take ‘Years’ and ‘It’s Going to Be Painful for Growth’

Breitbart ^ | 12/11/2021 | Ian hatchett

[ChicagoConservative27]

On Friday’s broadcast of Bloomberg TV’s “Wall Street Week,” Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, said that it will “take multiple years” to work inflation out of the economy, and “it is going to be painful. And it’s going to be painful for growth. It’s going to be painful for jobs.”

[blueplum]

fixing it will take years

and that is the fundamental issue with communist socialist ideals - they fubar a stellar economy within 10 months and then excuse their idiocy by saying it will take years to fix

without Trump, of course it will. And anyone but Trump would be disuaded from running for President to be handed such a mess. Which is the smarmy commie plan. Giving us even more reason to make sure Trump is re=elected.

[alexander_busek]

But I thought that the hyperinflation was going to be only "temporary" - just like we only needed two weeks to "flatten the curve!"

Regards,

[arthurus]

This is what faux economists say who equate growth with inflation. Liberals insofar as they think about money believe that he stock of wealth in the world is static and growth is therefore an increase in the nominal amount of money in the system. You want growth? Print money. That is growth.