Posted on 07/22/2021 8:18:17 AM PDT by SeekAndFind
President Joe Biden waved off long-term inflation concerns on Wednesday, telling a CNN town hall in Cincinnati that it won't persist as the economy emerges from the pandemic.
"There will be near-term inflation" because the economy is recovering, he said, adding that 'most economists' think "it’s highly unlikely that it’s going to be long-term inflation that’s going to get out of hand."
Biden: Our multi trillion dollar spending bills “will reduce inflation, reduce inflation, reduce inflation" pic.twitter.com/NcKVVaBxxZ — Tom Elliott (@tomselliott) July 22, 2021
He then cautioned restaurant owners and others in the hospitality sector that recovery may not be swift - telling one restaurant owner that he may be "in a bind for a while" because workers are seeking better wages and working conditions, according to Bloomberg.
"It really is a matter of people deciding now that they have opportunities to do other things," he said, adding "People are looking to make more money and to bargain."
Inflation has become a political liability for the White House in recent weeks. The U.S. experienced the largest surge in consumer prices in more than 12 years last month, with a Labor Department gauge rising 5.4% compared to one year ago.
“Inflation is driving the cost of everything through the roof,” Senate Minority Leader Mitch McConnell of Kentucky said at a news conference Wednesday opposing Democratic calls for Biden’s long-term social spending plan. -Bloomberg
Republicans, meanwhile, largely blame Biden and Democrats for the labor shortages at restaurants and other low-wage businesses because overly-generous pandemic stimulus has removed incentives to get back to work. Biden, in response, suggests these low-margin businesses should simply pay people more - calling rising wages a "feature' of his economic plans.
Job openings continue to hit record highs despite elevated unemployment. According to the report, the hotel and restaurant industries had 1.25 million vacant jobs in May, up from 807,000 in February 2020.
"A lot of people who work as waiters and waitresses decided that they don’t want to do that anymore because there’s other opportunities and higher wages, because there’s a lot of openings now and jobs and people are beginning to move," said Biden.
Infrastructure, Vaccinations
Biden also expressed confidence that he can still secure the passage of a $1 trillion bipartisan infrastructure package despite GOP lawmakers blocking its first congressional vote on Wednesday - which Biden called "irrelevant."
"It’s necessary, I really mean it. It’s going to not only increase job opportunities but increase commerce. It’s a good thing and I think we’re going to get it done," he said.
As the Financial Times notes, "Although US growth and job creation have jumped since Biden took office in January, the economic outlook has been clouded by the resurgence of coronavirus because of the rapid spread of the contagious Delta variant as well as an unnerving rise in inflation."
Biden also pushed vaccinations, which have slowed in the United States as cases nudge higher. He said they would receive final approval from the Food and Drug Administration soon, and would be available for children under the age of 12.
"We have a pandemic for those who haven’t gotten the vaccination. It’s that basic, that simple," he said. "If you’re vaccinated, you’re not going to be hospitalized. You’re not going to be in an ICU unit. And you are not going to die."
Except 40% of UK hospital admissions are those who have been vaccinated, while Israel has had even higher numbers, and the most vaccinated countries are experiencing COVID case spikes vs. the least-vaccinated. Meanwhile, over 6,000 people have officially died shortly after receiving the vaccine, according to the CDC.
If Donald Trump had said what Biden did last night, CNN and every bluecheck on here would be screaming he was a liar.
“You’re not gonna get Covid if you have these vaccinations” is flatly untrue, and I’m not sure what’s worse - if Uncle Joe knows it, or if he doesn’t. — Alex Berenson (@AlexBerenson) July 22, 2021
This is going to get increasingly difficult to cover up and 'spin'...
"7 fully vaccinated people have died from COVID-19 in El Paso."https://t.co/xXjsxoLdt9 — C.J. Bowden (@CJBowden1) July 21, 2021
Biden had an awkward brain freeze during the vaccine Q&A.
Crushing it pic.twitter.com/DI21CUSp7k
— Tom Elliott (@tomselliott) July 22, 2021
Is there really anyone willing to step forward with a straight face and say there's nothing wrong here?https://t.co/YwemWerdLS — Glenn Greenwald (@ggreenwald) July 22, 2021
Filibuster
Biden slammed Republican legislators over voting integrity legislation, calling them "Jim Crow on steroids," however he maintained his support for the legislative filibuster.
"There’s no reason to protect it other than you’re going to throw the entire Congress into chaos and nothing will get done," adding "Nothing at all will get done." He followed up by saying that there was 'too much at stake' to risk that level of 'chaos' that a filibuster fight would ignite.
81 million votes. The most in history. What the Biden CNN town hall looks like from the back of the auditorium: https://t.co/0zrDF1zhdt
— John Cardillo (@johncardillo) July 22, 2021
Thomas Lifson of the American Tinker made this observation regarding Joe Biden’s CNN Townhall:
We’ve all seen this before, as has every leader of every country in the world. A sitting president of the United States cannot put together a coherent answer to a simple question. He pauses, appears puzzled, and then comes up with a string of words that appear to have entered his brain via an earpiece. If the stakes weren’t so high, it would be comic.
Wednesday saw the president of the United States engage in a town hall–format discussion, on friendly territory, with Don Lemon moderating on CNN. It must have been one of those “good days” that dementia-sufferers sometime enjoy — in Biden’s case, meaning no “lid” was called, removing the leader of the free world from public scrutiny.
(”Calling a lid” is an unprecedented admission that the POTUS is not in full command of his mental faculties and would have Democrats demanding that the 25th Amendment be invoked if a Republican were in office. But Republicans are far too polite and far too scared of the media to make an issue of it with Biden.)
Even with the friendliest, least demanding moderator imaginable, Don Lemon, it was a challenge for President Joe Biden to get through the entire hour. His handlers must have believed that with familiar questions and maybe a good earpiece helping him along, he could handle the challenge.
They were wrong.
Asked an unchallenging question about 12-year-olds and vaccination, he drifted off in the middle of a sentence, and, as he so often does, looked down, got that Deliverance banjo player look on his face, and appeared to be listening to something in his earpiece, and then strung together a sequence of words that were not grammatically related to the rest of the sentence, but which, on their own, were coherent. As if repeating what he just heard.
There is going to be long term inflation.
Of course Bite Me is not going to admit it.
It was the president of the United States of America, and the man who supposedly garnered 80 million votes from an enthusiastic American electorate...
Other than that, it was a “large” crowd in his CNN Townhall.
He cannot form a coherent sentence anymore:
https://twitter.com/tomselliott/status/1418005280722460679
Only masochists, freak-show fans, and media members (who have to be there), would attend an event headed by this idiot.
...Predicts Businesses Will Be In ‘Bind’ Over Labor Shortages...
Interestingly...
Don Lemon with the assist
I’ve watched a few times & still no idea what he was trying to say
Earpiece must’ve malfunctioned
Also interesting to note that Biden says increased spending will drive prices down.
Really?
We need to start re-writing all of the economics textbooks then because what he’s saying is pure bullcrap when compared to over 200 years of economic theory. That only works if supply increases by more than demand and your policies (e.g., killing the Keystone Pipeline, shutting down off-shore oil leases, etc.) are killing the supply side.
But 80 million Americans voted for him... the most in this country’s history!!
I just bought a load of 10 foot 2x4’s to finally finish up the interior of my new shop/office building. Two weeks ago they were $14.50. I got them for $7 each. And before the pandemic they were around $5.
I’ll take it.
Bttt
“...Asked an unchallenging question about 12-year-olds and vaccination, he drifted off in the middle of a sentence, and, as he so often does, looked down, got that Deliverance banjo player look on his face...”
Made me spit my coffee across the desk!
still laughing.
jimjohn
Biden’s personal take on inflation:
If you can till go to a pay phone today and make a call for a quarter and get your rolls of snapshot film developed at the corner drugstore for a few dollars, then we’ve got a country that’s doing okay.
More like Brain Empty. His brain can only hold so many words at a time. Once spoken, they're gone.
At some point the denials, spin, and obfuscation of the leftist cabal in charge and their media cheerleaders will be smashed on the rocks of reality.
The average American experienced a better life under Trump and his policies and had more cash, more security, and better prospects for themselves and their children. There was optimism.
What do we have now? Less cash, less security, and fewer prospects. Pessimism is spreading faster than the latest Covid variant the media is obsessed about.
2022 is fast approaching, but too few realize the massive damage the democrats are pushing on the nation or how hard it will be to reverse it.
Great picture of sparsely attended Biden speech....
Secret Service Agent on right: “Darn. Our plain clothes agents outnumber the audience again. Makes our job easier, I guess Biden should have passed out $5 bills to the homeless to come in again. That used to work until they asked for $10.”
America’s most ridiculous corporate, leftist propaganda outlet, arranges a completely scripted and fake “townhall” propaganda event, with its gayest, most polemic news-reader - and yet they STILL can’t make Joe Biden look good.
And I predict he loads his pants within 10 minutes
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