PELOSI: “The fact that people have jobs always contributes to an increase in inflation and that’s a good thing.” pic.twitter.com/bnBKm1O6Yf
— Breaking911 (@Breaking911) February 13, 2022
According to Pelosi, the current inflationary boom is a positive because it means that people have jobs. Of course, anyone that’s been alive for longer than the last year is well aware of how ludicrous that is. When we were near full employment and the economy was humming under Donald Trump, inflation remained at normal levels. Even under Barack Obama’s tenure, when the country saw big jobs growth coming out of the Great Recession, we didn’t see inflation get anywhere near the levels we are currently seeing. So to suggest that people having jobs is somehow a primary driver of inflation is lunacy.