Posted on 05/10/2021 8:13:59 AM PDT by JV3MRC
CNN recently had a rough day when it conceded realities that underscored why President Joe Biden’s stimulus monstrosity was proving to be a disaster for the economy.
CNN co-anchor Brianna Keilar admitted that a “debate erupted this week over the risk of inflation in the U.S” during the May 7 edition of New Day. She juxtaposed her comment with what she called “all the good economic news.” She then tried to undercut concerns by noting Treasury Secretary Janet Yellen “downplaying those risks, saying that interest rates may have to rise a bit to keep the economy from overheating.” However, Keilar shifted to introduce a “New Day explainer from [Chief Business Correspondent] Christine Romans on why you’re starting to see prices of products rising.” It’s too bad former President Barack Obama’s National Economic Council Director Larry Summers already warned about inflation dangers for months.
(Excerpt) Read more at newsbusters.org ...
And combined with the low employment figures just released, you will have classic Carter era Stagflation.
They don’t get out much, do they?
This is news?
Print fake money out of thin air for a year or more in the trillions of dollars, if not QUADRILLIONS, and now they worry about ‘inflation’?................
I guess blaming Trump and Russia collusion can only go so far, even for the deepest of Deep State lackeys like CNN!
Au contraire! If they had added 1,000,000 jobs as targeted you would have had all these working people with money running around chasing goods and driving up demand, thus prices would rise and here comes inflation. By having fewer people working the demand is reduced so the prices stay stable and inflation is avoided! Good job, Mr. Resident!(/sarc)
We know how the Jimmah Carter story ends—gas lines.
Time to stockpile fuel.
Indicators were all lining up at the front around Nov/Dec of 2020. Deflation will be seen by all parties by 3rd quarter of this year. Ton of money will be pumped out....another $2k check for everyone by fall. I’ll bet two checks more in early and late 2022.
As for that Biden tax agenda? I doubt if you can find more than 30 Democratic Senators who supports it now. Won’t happen in 2021.
The “Malaise Days” are back. Followed by fuel shortages and long lines at the pump.
A day late and a dollar short as usual.
CNN sucks.
Law of Supply & Demand.
Liberals used it to kill the economy.
Supply is lagging big time. Prices go up as demand stays the same but supply is limited.
the businesses that managed to survive covid will be raising prices to make up for past losses.
Its coming? Its here! Gas already up 60% Lumber,food. China Joe Biden's tax on the poorest.
When will Slo Joe put on his sweater and have his fireside chat?
And home mortgage rates above 15%.
CNN helped it to happen with their pro Joe propaganda.
And now a “ransom hack” on a pipeline right before Memorial Day.🙄
It’s coming? It’s already here.
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