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 ...
‘Don’t underestimate Joe’s ability to (expletive) things up’ - B.O.
BTTT
Democrats are stupid - if some authority figure says it’s Russia’s fault, they’ll believe it. Lemming syndrome...
And meanwhile Republicans remain silent
Fooling people won’t make Inflation disappear
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
ROI on necessities(food, meds, ammo, etc) bought last year is better than “the markets” for the most part.
Bump
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