The White House responded for at least the second time in as many days today to tweets from Amazon founder Jeff Bezos in a war of words over, well — the parties also argued over what the argument was about.
Bezos tweeted this morning that “the administration tried their best to add another $3.5 TRILLION to federal spending. They failed, but if they had succeeded, inflation would be even higher than it is today, and inflation today is at a 40 year high.”White House Deputy Press Secretary Andrew Bates replied by quote-tweeting an assessment from Jeff Stein, White House Economics Reporter for the Bezos-owned Washington Post in which Stein countered his paper’s owner directly. “The WH’s long-term spending plans were offset by major higher taxes on the rich and corporations, leading Larry Summers and other prominent economists to argue that their inflationary impact would likely be negligible by reducing demand.”The WH's long-term spending plans were offset by major higher taxes on the rich and corporations, leading Larry Summers and other prominent economists to argue that their inflationary impact would likely be negligible by reducing demand https://t.co/S2LmCmA8IQ— Jeff Stein (@JStein_WaPo) May 16, 2022It all started Friday afternoon when President Biden wrote on the social media platform, “You want to bring down inflation?
Let’s make sure the wealthiest corporations pay their fair share.”You want to bring down inflation?Let’s make sure the wealthiest corporations pay their fair share.— Joe Biden (@JoeBiden) May 13, 2022That evening, Bezos decided to share his reaction.“The newly created Disinformation Board should review this tweet, or maybe they need to form a new Non Sequitur Board instead,” he wrote in part. “Raising
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