- Hedge fund manager Kyle Bass is being ridiculed online for sharing his $85 breakfast receipt.
- “We have reached a juncture in severe inflation,” he wrote, blaming Joe Biden, Janet Yellen and the Federal Reserve for rising costs.
- X number of users criticized Bath after it was revealed that the bill was for room service at the Carlyle 5-star hotel.
Veteran investor Kyle Bass has come under fire online for blaming Joe Biden's failure to rein in inflation for his $85 breakfast at a luxury five-star hotel.
Bass, who founded the private equity firm Conservation Equity Management and the hedge fund Heyman Capital Management, said: “We've reached a milestone of terrible inflation. I had my first breakfast at a New York hotel that cost $85 per person.'' he said. on X Wednesday.
“After I signed this bill, I decided never to do it again,” he added, attaching a photo of a receipt with the hashtags “#Biden” and “#inflation,” along with Treasury Secretary Janet Yellen and the federal government. The official account of the Preparatory Board was tagged.
The receipts Bass shared were for room service at The Carlyle, a Manhattan hotel where Princess Diana, Michael Jackson and Steve Jobs once stayed, with room service prices starting at $954. X users mocked Bass after a community note pointed out that the amount was $6,244. Night stay.
“I'm sure room service in 5-star hotels in Manhattan has always been expensive,” conservative X account says. Republicans oppose Trump said in a reply to Basu's post.
“You ordered room service at a five-star hotel in Manhattan. What did you expect? Poor guy, you broke the bank by paying $10 to have someone bring food to your bed. There is no doubt that it was.” michael angelucciadded the former West Virginia state representative.
The U.S. inflation rate soared to over 9% in June 2022, the highest level in 40 years, but has since fallen to just over 3% as of January.
Although the White House has repeatedly touted the fact that soaring prices have begun to subside during the second half of Biden's presidency, many remain unconvinced by Biden's economic policies.
About 50% of respondents in a November Gallup poll said they felt the economy was in “bad” shape, but just 2% said it was very healthy.
