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Working Class Americans Are Getting SCREWED As Economic Recession Looms

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Former Secretary of the Treasury Larry Summers gave his two cents about how the country should tackle inflation, claiming that the best way to bring inflation down is to return to a 5%, or higher, unemployment rate. While the Fed’s raising interest rates with surely cause at least a small increase in unemployment, Summers doubled down on the Fed’s moves instead of focusing on corporate price-gouging or suggesting Congress pass social spending legislation that would help average Americans navigate these tough economic times. Ana Kasparian discusses on The Young Turks. Watch LIVE weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

Read more HERE:
https://twitter.com/JStein_WaPo/status/1539012452905627650?s=20&t=l5tFABfHfpjFrr4GswVg2w

"Larry Summers -- who the president said he spoke with today -- publicly saying a 5% unemployment rate is necessary to combat inflation. To state the obvious, a 5% unemployment rate would mean devastating joblessness for millions of poor American workers”

https://twitter.com/jdcmedlock/status/1539023642566176768?s=20&t=l5tFABfHfpjFrr4GswVg2w

“Incredible how quickly the narrative has gone from "no one wants to work anymore" to "we need to use public policy to put people out of work because unemployment is too low""

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220622__TA01
Category
Europe
Tags
220622__TA01, News, Politics
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