Elitist MSNBC Host Dismisses Inflation Concerns, Deceptively Edits Fox Segment


How’s this for elitism? On Thursday “All In” MSNBC host Chris Hayes sought to downplay the rising inflation that’s putting on the wallets of shoppers. One thing tells us he wouldn’t be downplaying rising inflation if Donald Trump was nonetheless President. 

Hayes began by mocking shoppers’ issues over inflation by making it simply concerning the value of meals at Chipotle: 

“The Republican Celebration has discovered the achilles heel of the Biden economic system, costly burritos. This week, the favored quick meals chain Chipotle introduced they’re elevating costs to cowl the price of rising wages for his or her workers. Heaven forbid. Now the worth enhance is all of 4%. Costs differ by location, however that, that principally means as in case your Chipotle burrito used to price say $10, will probably be going up $10.40. And in case your facet of guac and chips will go for $4.70 to $4.89.” 

Inflation isn’t just about barely costlier burritos and guac, Chris! 

Runaway inflation is a critical concern. As The Heritage Basis famous in a latest report on our inflation issues: “When inflation is ‘too excessive,’ that’s additionally dangerous as a result of it could result in costs which are out of attain for shoppers, thus resulting in unemployment when companies can now not promote their merchandise.”

If inflation continues to spiral uncontrolled, it should derail our economic system’s already anemic restoration, which many say has already been sabotaged by the Biden Administration’s financial insurance policies. 

Later, Hayes doubled down on his class warfare rhetoric by claiming company CEOs, and Republicans don’t wish to pay their workers extra. To show this level, Hayes performed a deceptively edited video of former Reagan financial advisor Artwork Laffer to make it look like he didn’t suppose minorities, younger folks, and the poor have been price $15 {dollars} an hour. Right here is the out of context clip:  

 

 

That appears actually merciless proper? Nicely, that’s not the purpose Laffer was making in any respect. Here’s what Laffer truly mentioned:

 

 

The purpose Artwork Laffer made was completely proper. Artificially elevating the minimal wage, like Hayes proposes, would hurt faculty college students, poor folks, and minorities as a result of most of the entry degree jobs they search aren’t price $15 an hour. So employers should both eliminate the roles or rent much less of them. 

Like all Liberal insurance policies, they hurt the very folks they’re designed to assist. 

This dishonest and economically illiterate section was delivered to you by Allstate and Applebee’s. Allow them to understand how you’re feeling about them sponsoring this content material by visiting our Conservatives Combat Again Web page right here

Click on “develop” to learn the related transcripts: 

All In With Chris Hayes

6/10/2021

8:01PM

CHRIS HAYES: Good night from New York. I am Chris Hayes. The Republican Celebration has discovered the Achilles heel of the Biden economic system, costly burritos. This week, the favored quick meals chain Chipotle introduced they’re elevating costs to cowl the price of rising wages for his or her workers. Heaven forbid. Now the worth enhance is all of 4%. Costs differ by location, however that, that principally means as in case your Chipotle burrito used to price say $10, will probably be going up $10.40. And in case your facet of guac and chips will go for $4.70 to $4.89. Shade me just a little skeptical that that’s going to be the deciding issue within the midterm elections. Oh and ever thoughts the truth that chipotle raked in $6 billion final 12 months, paid their CEO $38 million. However you may perceive why Republicans wish to run with this. That is from the Nationwide Republican Congressional Committee web site. Your burrito simply received costlier. Now, this can be a core animating challenge of the fitting of conservatives. Has been for many years, if not centuries. Business house owners and titans of capital and proper wing events scare mongering about inflation and wages going up too excessive, and the connections between the 2. And inflation goes up. You’ve got most likely observed it in your every day life. There’s new knowledge out as we speak exhibiting the buyer value index. Mainly simply the common value of a bunch of stuff is up 5% since Might of final 12 months throughout the basket of things that they monitor. That is the quickest fee of development since 2008. Now as we have talked about beforehand on this present, numerous that appears to be transitory with the strangeness of this economic system coming again to life after greater than a 12 months of a pandemic. Again in Might of 2020, for example, numerous issues like oh, airfare and automotive leases have been actually low-cost as a result of there was zero demand for them. As we get again to regular, demand and costs are again up. And in lots of instances we now have a form of mismatch, proper? Between the demand and the obtainable provide, what number of automobiles there are available on the market, for example. There’s a good motive to suppose numerous that mismatch goes to go away. That is the guess the Biden Administration and the federal reserve are making. The deeper challenge right here that’s actually animating the Republican Celebration and the CEO class is the truth that labor is scarce proper now. It’s exhausting to search out folks to rent. 

(…)

8:05PM

HAYES: However for Republicans, conservatives, most bosses, CEOs, you may inform from their burrito freakout, elevating wages is just not one thing they wish to do. This is how the previous financial adviser to president Ronald Reagan put it:  

ART LAFFER (AUDIO CLIP): For these folks, Sandra who’re coming into the labor pressure model contemporary, not previous timers who’ve been round for awhile, the poor, the minorities, the disenfranchised, these with much less training, younger individuals who have not had the job expertise, these folks aren’t price $15 an hour most often.

HAYES: Oh! Nicely he simply got here out and mentioned it. The poor, the minorities, the disenfranchised, the younger, they are not price it. I am afraid you are flawed, Artwork.

 

America Studies With John Roberts & Sandra Smith

6/8/2021

2:57PM

SANDRA SMITH: There are at the moment 9.three million job openings on this nation, Artwork. Individuals are having a tough time getting people via the door. Okay, Austin needs to speak concerning the present McDonald’s CEO, Kempczinski. He’s noting that synthetic intelligence know-how has 85% accuracy with filling orders. With employees having to step in for roughly one in 5 orders.  It should be an enormous leap, he says to go from 10 eating places to 14,000 eating places. However there is no such thing as a doubt they’re working in that course, Artwork. 

ART LAFFER: Yeah, for these folks, Sandra who  are coming into the labor pressure model contemporary, not previous timers who’ve been round for awhile, the poor, the minorities, the disenfranchised, these with much less training, younger individuals who have not had the job expertise, these folks aren’t price $15 an hour most often. And so due to this fact when you have got a $15 an hour minimal wage, they do not get that first job, they do not get the requisite abilities to earn above the minimal wage. And after a number of years they turn into unemployable. After turning into unemployable, they turn into hostile. And that what you’ll discover occurring is that this know-how has created an underclass of people who find themselves actually simply bid out of the labor market and can stay out of the labor marketplace for most of their lives, and that is, I feel is, only a tragedy. I like the know-how, however the know-how is changing the roles for these folks. And it is a killer. It is a killer for simply the individuals who want the assistance essentially the most. 



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