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WATCH: Former Obama Economist Rips Biden Strategy of Blaming Putin for 40-Year High Inflation
NewsBusters ^ | 3/15/2022 | Joseph Vazquez

Posted on 03/15/2022 10:52:41 AM PDT by JV3MRC

Economist Lawrence Summers tore into President Joe Biden for redirecting the blame for America’s inflation crisis.

Summers, Obama’s former National Economic Council director, said Biden was flat-out “wrong” to blame inflation on Russia’s invasion of Ukraine during a March 11 segment on Bloomberg TV’s Wall Street Week. Inflation hit 7.9 percent in February on a year-to-year basis, its highest level in more than 40 years. Summers was blunt: “While inflation was 7.9 percent over the last year, if you annualize the monthly figure, it was close to ten percent. So we’re not seeing deceleration yet,” he said.

(Excerpt) Read more at newsbusters.org ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS: biden; blogpimp; inflation; larrysummers; obama

1 posted on 03/15/2022 10:52:41 AM PDT by JV3MRC
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To: JV3MRC

‘Don’t underestimate Joe’s ability to (expletive) things up’ - B.O.


2 posted on 03/15/2022 10:54:46 AM PDT by throwthebumsout
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To: JV3MRC

BTTT


3 posted on 03/15/2022 10:58:43 AM PDT by nopardons
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To: JV3MRC

Democrats are stupid - if some authority figure says it’s Russia’s fault, they’ll believe it. Lemming syndrome...


4 posted on 03/15/2022 10:59:03 AM PDT by GOPJ (We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand)
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To: JV3MRC

And meanwhile Republicans remain silent


5 posted on 03/15/2022 11:04:22 AM PDT by GrandJediMasterYoda (As long as Hillary Clinton remains free, the USA will never have equal justice under the law)
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To: JV3MRC

Fooling people won’t make Inflation disappear


6 posted on 03/15/2022 11:14:18 AM PDT by dila813
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To: JV3MRC

Phil Kerpen
@kerpen
Wholesale inflation is officially in double-digit territory: 10.0% for the year ending February 2022, the highest annual rate in the Producer Price Index’s history.

January’s year-over-year rate was also revised up to 10.0%.
6:32 AM · Mar 15, 2022


7 posted on 03/15/2022 11:36:05 AM PDT by minnesota_bound (I found hash brown patties! )
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To: minnesota_bound

ROI on necessities(food, meds, ammo, etc) bought last year is better than “the markets” for the most part.


8 posted on 03/15/2022 11:44:04 AM PDT by JCL3 (As Richard Feynman might have said, this is reality taking precedence over public relations.)
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To: throwthebumsout

Bump


9 posted on 03/15/2022 12:06:39 PM PDT by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
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