Biden’s $1.9T American Rescue Plan was ‘original sin’ that set off inflation crisis, Steven Rattner said
By Jessica Chasmar
Former President Barack Obama’s top economic advisers appear to be souring on the economic policies of his former vice president, voicing frustrations that President Biden hasn’t heeded their concerns about the burgeoning inflation crisis.
Steven Rattner, who served as counselor to the Treasury secretary in the Obama administration, issued a scathing op-ed Tuesday saying Biden’s $1.9 trillion American Rescue Plan, passed in March, was the “original sin” that contributed materially to today’s inflation, which hit the highest annual rate since November 1990, according to the Labor Department.
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