An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Tuesday, October 18, 2022
Bannon & Summers both not on “team transitory”
MAGA-GOP just using Biden/Summers own analysis against Democrats every day…
Holy Schmackerel! Summers is simply lying about wage inflation (gosh, I wonder whether he has an agenda). Here's from BIS (quoted in a Google search):
From September 2021 to September 2022, real average hourly earnings decreased 2.5 percent, seasonally adjusted. The change in real average hourly earnings combined with a decrease of 0.9 percent in the average workweek resulted in a 3.4-percent decrease in real average weekly earnings over this period.
Holy Schmackerel! Summers is simply lying about wage inflation (gosh, I wonder whether he has an agenda). Here's from BIS (quoted in a Google search):
ReplyDeleteFrom September 2021 to September 2022, real average hourly earnings decreased 2.5 percent, seasonally adjusted. The change in real average hourly earnings combined with a decrease of 0.9 percent in the average workweek resulted in a 3.4-percent decrease in real average weekly earnings over this period.
Summers is a clintonista… “team transitory “ and most of Biden people are Obama people…
ReplyDeleteCould be clintonistas undermining the Obama people…
But ultimately it was scrambled eggs Brandon who allowed Summers to end around his own economic advisers..,