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 in the next breath they expect everyone to believe that a majority of America voted for this.
***you will have classic Carter era Stagflation***
I remember those days of Carter the Incompetent! I also remember the super high interest rates as a result of his policies and how Unions tried to later blame it on Reagan.
Can’t wait till I see the TV adds...
“REFINANCE YOUR HOME AT 125% IT’S CURRENT VALUE! TAKE ADVANTAGE OF THE NEW SUPER LOW RATE OF 20% INTEREST!”
Carter is no longer the worst president ever....
“It’s Coming”
It is already here and escalating if you buy food, fuel for a motor vehicle, housing, lumber, metal, trucks, autos, building supplies, medical care services, home repair services (electrician, plumber, HVAC).
Well CNN needs to inform Janet Yellen because she doesn’t believe there is any inflation.
Would be appropriate if ATT got hit hardest.
Fears Are Legitimate: “It’s Coming”
Nope it’s here thank you cards go to Joe Biden and pals.
Dear Leader Jao is only now just past his first hundred days in office. Stand by for some very rough seas.
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