President Biden defended his administration by insisting inflation was down and that “red states” were screwing up their own economies.
Biden sat down with MSNBC host Lawrence O’Donnell for the last interview of his administration before officially leaving office on Monday. The two discussed many topics, including Biden’s handling of the economy and the threat of inflation.
The president dismissed criticisms of how he handled inflation by claiming the alternative was to lose jobs.
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Rejecting warnings from economists like Larry Summers that his COVID stimulus spending would cause more inflation, Biden claimed otherwise “the only way to deal with inflation is to create unemployment and another recession.”
“But guess what? I was absolutely convinced. Give the American people half a…
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