CNN’s Ryan Lizza: Let’s Be Honest, Build Back Better ‘Was Not Designed to Fight Inflation’

EXCERPT:

LIZZA: “Just to add one thing to Ron’s point on inflation, it’s really fair to point out that the White House is playing catchup on this issue. Early this year there were some very prominent Democratic economists who said watch out, the signs on inflation are serious. Larry Summers most famously and he said, you know what, Mr. President, you should take some of that immediate stimulus from the Covid bill that will juicing the economy and increasing inflation and put it into the long-term Build Back Better agenda that has less inflationary pressures. The White House was extremely dismissive of that point of view and went for the biggest possible stimulus in the -- in the  Covid bill. And they’ve sort of -- were dismissive for months, frankly, about the risks of -- of  inflation, and only when the polls started showing that it was a major political problem for the White House, and then in Virginia and New Jersey, a lot of exit polls showed that this was top concern on voter's minds, they sort of got religion. And the reframing this BBB package as an inflation fighter which, let’s be honest, it was not designed to fight --“
SCIUTTO: “Yeah.”
LIZZA: “-- inflation. I mean, they can point to parts of it that arguably will have an impact, but this is a -- they’re playing catchup right now on this issue.”