let's bring in right now former treasury official and economic analyst steve rattner. nchin is blaming joe biden for inflation. obviously, if they'd passed the $6 trillion bbb bills, obviously, there would be a lot more to blame there. but, i mean, i'm curious, how do you break it down? we have, obviously, as you've said, $2 trillion sitting on the sidelines, waiting to be spent. people are rushing back into the economy. we always knew it was going to be hot -- the economy was going to be hot. is it the biden administration's fault? is it the fed's fault? was it politically feasible for the fed to take dramatic measures two, three months ago? >> i think it is a combination of issues, joe, obviously. i think you certainly have to put the fed near the top of the list for putting $6 trillion literally into the economy in the form of low interest rates and buying bonds and thing like that. i don't you do have to fault a bit the biden administration and the size of the rescue packages they tried to get passed. put aside the ones that got passed. there's something over $2 tri

. >> look, i will say steve rattner got it right one time in in a row, good for him. right. you can't keep borrowing and printing money this is not putin's inflation this is biden's inflation. we're nowheres near the peak of inflation. we're in a stagflation position, liz. it will not end well next couple years. that is about all i can see. you want to get down, bring gasoline prices down? criminal, drill, drill, permit, permit, permit. okay. pipeline, pipeline, pipeline. the bidens won't do it because of these radical notions. and here's the last point, it's not only so bad that they wanted to destroy fossil fuels. they have no alternative strategy, okay. elizabeth: right. >> windmills and solar is not an alternative strategy and -- elizabeth: it's not. >> the only thing that's good about this whole story, liz mcdonald, the calvary is coming and things are going to change. elizabeth: midterm elections. you're right, policy fell down the stairs and out the front stoop out into the street with this white house. listen, if i can get you to laugh about inflation, i'm hap

former obama advisors, jason furman, larry summers, steve rattner, your spending is igniting inflationwhy is this falling on deaf ears in the white house, congressman? final word. >> it is really hard to tell but you know what the american people are seeing every decision this white house has been making it is creating one crisis after another. whether the inflation crisis, the border crisis and the american people are fed up with it. the white house doesn't see that all of their decisions is creating huge crises for hard-working americans. they only care about their own political crisis. liz: congressman jason smith and mitch roschelle, thanks for joining to us night. good to have you on. we'll stay on what is going on in brooklyn. we'll give you the update. the white house, their new border narrative falling apart. a new poll show majority demand tighter security at the border. whoo isn't the white house delivering it? new questions whether nancy pelosi is getting monoclonal treatment for her covid-19 infection, a treatment the white house blocked for the states. they're optioning to

so does, obama officials like larry summers and steve rattner.e they still doubling down on the wrong message? >> i think what happened with her she got last year's talking points when the federal reserve was saying a year ago it was transitory. oh, no. this is 2022, not 2021. the amazing thing, this is so cynical but it is true. the federal reserve did not do what it should have done last year because powell wanted to be reappointed. they didn't want interest rates to go up. kept printing money. a gimmick to keep it out of circulation, 1.7 trillion. that gimmick will unwind at some point. they're out of game praying. they now paying the price. elizabeth: do you think inflation will get worse? >> if they let the economy alone the supply chain problems would eventually sort themselves out. although what china is doing is not going to help, the war in ukraine but those things sort themselves out, supply chain inflation. monetary inflation is the big question mark. unfortunately the fed does not know how to fight inflation. they think you do it by r

steve rattner with his world-famous charts, thanks so much.s stated deadline for the remaining ukrainian troops in mariupol to surrender. we'll get a live report from ukraine with the latest on the city's impending fall, perhaps, as well as moscow's new offensive in the eastern part of the country. >>> plus, expert military analyst from retired u.s. army colonel peter mansoor. >>> also ahead -- >> i didn't expect to wake up yesterday to the news the senator from the 22nd district had, overnight, accused me by name of grooming and sexualizing children in an email, fundraising for herself. so i sat on it for a while, wondering why me? then i realized, because i am the biggest threat to your hollow, hateful scheme. >> democratic state senator mallory mcmarrow of michigan takes on a republican colleague who accused her of grooming children. her speech has been viewed online more than 7 million times. she joins us straight ahead on "morning joe." we're back in one minute. ♪simply irresistible♪ ♪ ♪ ♪simply irresistible♪ applebee's irresist-a-bowls a

why is steve rattner obama'sio economyns blaming joe biden for high gas prices? and what did joe biden do about gas that created these prices, ending oil leases and increasing taxes on oil companies? the problem is that isn't so much that these crazy weird things that joe biden does aren't covered. those are weirdden. but what is a problem is that the media doesn't care to spend the time too educate people as to whye it is almost in every single category right now in this country. thingsgs co are on the wrong track. t and the last point the good news is the media doesn't take the time to educate the public. the public knows that we're not in a good place and the real clear average right now of right track wrong track in this country is that sixty five percent of the american people believe that we are on the wrong track in this i country, which iss terrible news for democrats and good news for people that are republican and conservatives and care aboutst our constitution in this country. you know, and monica trust in the media is at an all time low and they've ea