Jason Furman Tears into Biden Over Student Loan Freebie

Joe Biden just walked up to a forest fire and dropped a few billion gallons of gasoline on it.

That is the basis of the rant by former Obama economic adviser Jason Furman.

Furman torched Biden, pointing out every flaw in every justification that Biden used to give more than $300 billion of taxpayer money away as we teeter on a recession.

Bad Move

Furman started by saying that Biden overreached on his campaign promise, way overreached.

The fact that Biden increased the freebie for Pell Grant recipients and broke his promise that all programs would be paid for is a double strike against him.

And you better believe soundbites are getting created by the RNC right now to use in ads.

Furman also ripped Biden for cherry-picking baselines to justify this giveaway.

He stated, “You can’t use one baseline (interest payments suspended) to argue this will constrain demand & then a different baseline (interest payments restored) to describe the benefits.

“That is incoherent, inconsistent & indefensible cherry picking – I hope the White House doesn’t do it.”

Then he dropped a bombshell not only on Biden, but also destroyed an argument by Senator Elizabeth Warren (D-MA)…

Biden has yet to comment on what Furman said, but we expect him to say he is wrong, as he has done with anyone who agrees with his logic.

Either way, this will all play out over the next six to eight months.

By then, we are going to have a realistic idea of just how much of a bombshell this was that Biden dropped on our economy.

Source: Fox News

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A week ago, Joe Biden told Americans that prices aren’t actually high.

But the numbers don’t lie.

Inflation is up 14.4% since Biden took office.

And all the president can offer are more lies.

Inflation ⬆️ more than expected.

Overall CPI: +6.4% y/y
Fuel Oil: +27.7%
Electricity: +11.9%
Groceries: +11.3%
Chicken +10.5%
Milk: +11%
Eggs: +70.1%
Bread: +14.9%
Potatoes: +12.4%
Baby Food: +10%
Airline Fares: +25.6%
Real Average Hourly Earnings: -1.8%

Year-over-year real wages have been negative for 22 months - ever since Biden forced through his $1.9 trillion "stimulus."

That's a wages recession for American workers.

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