Democrats finally noticing inflation is a problem they caused?

 Washington Examiner:

Democrats inside and outside the White House disagree with the Biden administration’s official line that the pandemic and supply chain struggles are the sole drivers of the country’s inflationary woes.

Problems on the supply side of the economy have driven up prices. But high-profile Democratic economists say the Biden team is wrong not to acknowledge the central role government spending and loosened monetary policy have played in raising inflation, which stood at 7.5% in January as measured by the Consumer Price Index. Other more liberal Democrats, meanwhile, argue the White House should publicly blame corporate greed for higher prices.

The fiercest criticism has come from prominent Democrats who blame excessive spending and money creation for inflation rising well above target.

“Biden keeps blaming the supply chain for inflation. That’s dishonest,” blared the headline of a New York Times op-ed written by Steven Rattner, a counselor to the treasury secretary during the Obama administration.

Rattner, a Democrat, highlighted a recent interview in which Biden insisted the reason for the inflation, which has reached its highest level since 1982, is because the supply chains were cut off. Rattner called the assertion “simplistic and misleading” for several reasons, including that supply chains are not “cut off,” just strained.

“Blaming inflation on supply lines is like complaining about your sweater keeping you too warm after you’ve added several logs to the fireplace,” he wrote. “The bulk of our supply problems are the product of an overstimulated economy, not the cause of it.”

Rattner, now the chairman and CEO of Willett Advisors LLC, added that the bulk of U.S. supply chain problems aren’t because of the pandemic but rather because people are out and spending more money — including money provided during several rounds of government pandemic aid.

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It reminds me of an old Pogo cartoon where one of the characters says, "We have met the enemy and it is us."  Rattner does make a good point demonstrating that not all Democrats are as out of touch with reality as President Biden.