FLASHBACK: Remember When Clinton Stooge Robert Reich Claimed Biden’s Stimulus Wasn’t Inflationary?
29th June 2022
Clinton stooge Robert Reich has just as much of a sordid record in his coverage on the inflation crisis as leftist economist Paul Krugman.
The former Secretary of Labor tried to swat down any concerns that President Joe Biden’s gargantuan $1.9 trillion stimulus was rife with inflationary pressures that could send the economy off the rails. “Larry Summers is dead wrong that Biden’s plan would be inflationary. The economy has huge unused capacity,” Reich squealed against former President Barack Obama’s former National Economic Council director in a Feb. 5, 2021 tweet. Summers sounded the alarm bells about a potential inflation crisis caused by the Biden stimulus since February 2021. But Reich was intent on dismissing inflation as a fiction, stating emphatically that Biden’s plan didn’t go far enough: