now. president biden was wrong back in december when he predicted that inflation was at its peak and said this. i think you ll see it change sooner than quicker, more rapidly than it will take than most people think. leader mcconnell is standing by. first, gene sperling. good to have you with used too. the question that comes up again and again is that the messages that we received from all left fields of the white house and treasury have been wrong. so how did you get this so wrong? well, martha, the white house and the treasury department were saying last year and i can t stress this enough, reflected the overwhelming economic consensus in the private sector, in the u.s. and other places around the world. it wasn t so much it wasn t the people were wrong with the facts that they had. it s that things happened after that that affected the outcome. so we had not just delta, but omicron. we had gas prices at $3.31 january 17 when putin first started doing military ex
turns out to be a strategy that works. gene sperling, thanks very much. serious times and a lot of pressures on everybody. we appreciate your time and glad our audio didn t break up this time. thanks for coming back. with that let s bring in mitch mcconnell, senate minority leader. good to have you with us today. off the top here, and thank you for being here, what is your reaction to what mr. sperling had to say about the white house approach to all of this? gene had a really tough job trying to defend the indefensible. one clear reason we re suffering from 40-year high inflation, the 2. 1.9 trillion so-called rescue package passed last year in march without a single republican vote, which bill clinton s secretary of the treasury, larry summers said would create record inflation.