Things are getting bad for Biden.
Things have actually gotten so bad for President Biden now that former President Barack Obama’s Secretary of Defense is telling him to follow in the footsteps of Treasury Secretary Janet Yellen and admit that he was wrong about inflation.
According to Fox, Former Obama Secretary of Defense Leon Panetta said that there was absolutely “no question” that the Biden Administration failed to establish a plan to stop inflation from tearing through America.
Panetta stated, “I’m always a believer that the truth is the best policy when it comes to being President of the United States. I think the president, it probably would be helpful if he acknowledged that he made a mistake along with the treasury secretary and the other economists, but that he is now going to take steps to try to deal with it.”
“When it does come to the economy and something that is impacting on all Americans in a 40-year high on inflation and the threat of a potential recession, I think the president has to come together on a strategy to try to deal with that,” Panetta added.
“[Biden should] Really try to put together some of the business leaders in the country and really establish some kind of consult there at the White House that can provide guidance as to what steps need to be taken and what restraints need to be put in place,” he explained.