Jeff Bezos, the billionaire founder of Amazon, ramped up his criticism of President Joe Biden on May 15, saying that the “misdirection” coming from the White House isn’t helping the country.
Bezos, like many economists, criticized the administration’s attempts to stoke an already overheated economy with further stimulus. He said inflation mostly harms the poor.
“In fact, the administration tried hard to inject even more stimulus into an already over-heated, inflationary economy and only [West Virginia Democratic Sen. Joe] Manchin saved them from themselves,” he wrote on Twitter. “Inflation is a regressive tax that most hurts the least affluent. Misdirection doesn’t help the country.”
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Bezos, like many economists, criticized the administration’s attempts to stoke an already overheated economy with further stimulus. He said inflation mostly harms the poor.
“In fact, the administration tried hard to inject even more stimulus into an already over-heated, inflationary economy and only [West Virginia Democratic Sen. Joe] Manchin saved them from themselves,” he wrote on Twitter. “Inflation is a regressive tax that most hurts the least affluent. Misdirection doesn’t help the country.”
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