MSNBC's Steve Rattner labeled 'liar' over claims on inflation and income during Biden administration

NEW YORK CITY, NEW YORK: MSNBC’s economic analyst, Steve Rattner, who often makes an appearance on ‘Morning Joe’ recently shared his report on inflation and income under the Biden administration, specifically in 2023.

In terms of both inflation and income, Rattner talked about what “most people don’t know,” however after this report, both MSNBC’s ‘Morning Joe’ and Rattner faced backlash online, as people dubbed the aforementioned report a “lie.”

Steve Rattner claims ‘Inflation is actually turned way down’

Willie Geist introduced Steve Rattner on MSNBC’s ‘Morning Joe’ as the segment on the economy under Joe Biden began.

“The New York Times, check this out, publishing our buddy, Steve Rattner's list, of the ten charts that define the political and economic landscape in 2023. That is in the paper this morning. Steve writes in the piece, quote, the economy and inflation remain front of mind until the war in Gaza grabbed headlines and the world's attention, all while Donald Trump's candidacy loomed in the background,” said Geist.

He continued, “Joining us with three of the charts included in his 2023 round-up, former Treasury official, ‘Morning Joe’ economic analyst, Steve Rattner. Steve, it is great to see you over at the Southwest wall. Your post there. Let's start with chart one you've chosen out of the ten that define the year, and that is falling inflation, rising incomes.”

As Rattner showed up on the screen with his charts, he said, “Yeah, I'm going to focus mostly on the economy and the implications politically, potentially for President Biden today, Willie. On inflation, as everybody knows, inflation soared up, got to 9.1% at its peak in 2022. Here's what's happened in 2023. Inflation, which is this black line, subsided, subsided, subsided, got down to 3.1% at the end of the year.”

Rattner continued, “Here is what maybe most people don't know. Within inflation, the price of goods with television sets, toys, bicycles, things like that, has been basically zero for the last several months. That's because during the pandemic, people bought a lot of stuff, drove the prices up. Now, as people found, presumably over the holidays, there were some relative bargains at least to be had. Inflation is actually turned way down.”

“What people probably don't know is what the effect has been on their incomes. I think most Americans still feel, and I understand why they feel it, that they've been left behind by inflation in terms of their purchasing power and their ability to buy things and provide for their families,” said Rattner as he shed light on income.

The economic analyst also added, “In actual fact, since the beginning of the Biden administration, for the average American, typical American, their income, even adjusting for inflation, is up 6.6%. That's not nothing. Obviously, we'd like it to be more, but it is not nothing.”

Internet reacts to Steve Rattner’s report on inflation and income

MSNBC’s ‘Morning Joe’ also shared Steve Rattner’s report on X, formerly known as Twitter, and people weren’t too thrilled about it.

One person wrote, “Ewwww… You’re a liar. And a bad one at that,” and another wrote, “Yet another example of democrats #gaslighting.”

“Not feeling it,” expressed one user, and another wrote, “That is just not true.”

People continued to weigh in on Rattner’s report as one user wrote, “Curious where these numbers are coming from since me and my cohorts aren't experiencing this miracle,” and another wrote, “They think if they repeat the lie often enough, it will magically become true.”

 

This article contains remarks made on the Internet by individual people and organizations. MEAWW cannot confirm them independently and does not support claims or opinions being made online.