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21 days ago

Ali Velshi on what a recession means for the economy and politics

Salon
Salon
With inflation at a 40 year high and economic experts warning of a recession, MSNBC’s Ali Velshi, host of “Velshi,” explains to Salon’s Dean Obeidallah what factors led the global economy to this unique position where everything is more expensive and unemployment is low. Velshi emphasized that President Biden is not to blame. “It’s not Biden's fault,” Velshi said. “It is not a particularly political matter. The issue is, it hurts everybody and everybody feels it and everybody gets mad at the people in charge because of it. It is a very hard problem to solve.” Watch the full episode to hear more about how the war in Ukraine plays a role and why catching up after the pandemic is a big contributing factor.