class problem. i do not agree it is transitory, chris. there is part of it that s transitory, that s covid related. there are things going on that fund mentally of much deeper than that, involve change in behavior. we should look forward for another year at least of high and persistent inflation. chris: when you say high class problems, i think a lot of people would push back and say if it s costing 40% more to fill up my tank of gas, if i want to get christmas presents and can t find them, that s not a high class problem. yeah, that s not a high class problem but there are elements that are high class. one, massive demand for labor. so wages are starting to go up and are starting to go up meaningfully. second, the reason why there s so much inflation is partly due to a lot of demand. there s a lot of purchasing power in the economy. that s a good thing. it is the supply side, the everything shortage, if you like, that is the problem.
and so this is what democrats do. this is who they are. maria: it s pretty incredible because there s so many unintended consequences, i assume it s unintended, the fact that people don t want to go back to work because they re counting on further checks, whether it be child care checks or the other money in the bill. do you think we will see a vote on october 31st for this and let me put up ron klain s retweet of jason furman, saying that most of the economic problems we re facing including inflation, supply chains, are high class problems, senator. this is what they say, this is high class problems. we re going to show a graphic in a moment of some of those, quote, high class problems where you see spikes in many items. democrats are just living in a fantasy world. they deny reality. and theiv reality is, high inflation primarily affects retirees and the working poor or any poor person. the rich people can handle
our own bret baier when asked about the delays and, quote, high class problems as the biden economist put it. this is how he responded. take a listen. so are new parents and any parents going to get the toys they want for christmas? i know i ll be very excited to shop for the first christmas for my new kids. remember, you can t talk about supply without talking about demand. right. part of the reason we are where we are is that the president successfully brought this economy out of recession so you re saying that s more than ever before. we re seeing record goods coming through our ports, and the demand s there which is great news. thousand we ve got to make sure those supply chains so you re saying it s a high class problem. what i m saying is that we are better off because the economy is growing and the economy is growing thanks to the leadership of this president. pete: congressman, identify i ve got to believe that
bankers that are defining themselves by their wokeness. they re defining themselves as how socially concerned they are. laura: well, he s right about that. he didn t quite go far enough. biden s puppeteers deserve a lot of blame here, including ron klain. the same ron klain that just revealed of what he really thinks of the pain that are feeling from the high cost of living. he like add tweet calling the problems high class problems. what a moron. biden is just shuffled from one lame controlled event to another, always surrounded business his protected press cocoon. this bunch biden has running the country is not just asleep at the wheel, they re not even in the car. yesterday we discovered that mayor pete is on paternity leave.
reporter: but it is a process. best case officials say we could be seeing some of these log jams clear by the end of this year. more likely we re talking about sometime next year as the demand continues, the economy continues to be strong for now, and the ports try and keep up. alex. yikes. there s that little thing called a holiday season, and all the shopping therein that is going to come before the expected clearance of all this. all rights scott, thank you so much. joining me right now, kentucky congressman john yarmouth, chair of the house budget committee and our good friend. nice so to see you a couple of things i want to get to first off with the white house, with the chief of staff ron klain who s been facing criticism for re-tweeting a post that says, most of the economic problems we re facing, inflation, supply chains, et cetera, are high class problems we wouldn t have had them if the unemployment rate was still 10%. we would instead have had a much