america reports on this friday. white house getting good news on the jobs market but will a massive spending plan send the economy into another tailspin, making an already bad inflation problem even worse? hello, everyone. i am sandra smith in new york. jon: i am jon scott info john roberts. the labor department says the u.s. added 528,000 jobs last month. the on employment rate also falling slightly to 3.5%. both numbers beating expectations. wages are still largely out of step with the rising inflation. now more than 200 economists, 230 to be exact, warning democrats their social spending bill will make high prices in this country even worse. jon: senior economic advisor jared bernstein joins us. first, congressional correspondent chad pergram has the latest on the spending bill. good afternoon. democrats say this bill will help with inflation. more than 200 economists warn congressional leaders that the u.s. is in a dangerous crossroads. they argue the bill incre
that s why you have fuhrman and summers making that comment. various estimates to the extent to which it lowers inflation. we have seen estimates that take inflation down, i think if you look at the work, it takes inflation down by about a third of a point. sandra: surely the white house has done their own estimate. the president has been selling this. what are you advising the president? it s most important that we have outside people who are doing this work with no thumb on the scale, so we have had mark sandy, pretty renowned, come out with the inflation results i just mentioned and from our perspective, when we lower the budget deficit 300 billion over ten years, it s pretty hard to find an economist who says anything other than of course that s this inflationary