Cold hearted bastards.
“They explicitly recognize that there's going to need to be increases in unemployment to contain inflation,” says @LHSummers when discussing the Federal Reserve and the US labor market. Tune into “Wall Street Week,” airing Friday's at 6 pm ET trib.al/a3BXG16

Jan 8, 2023 · 3:12 PM UTC

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Replying to @marwilliamson
Look how happy Old Larry looks in his tropical setting, gleefully twiddling his thumbs at the thought of screwing over working people. Neoliberalism sucks, domestically and foreign policy wise.
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Replying to @marwilliamson
Not a mention of UNIONS! '78, 40% UNION LABOR. NOW,< 10% . No bargaining. 80% raises,'21, 7+ figure salaries already. Walton's 14.7 bill. AFTER taxes! Pay? Welfare