Posted on 06/14/2022 8:13:32 AM PDT by RomanSoldier19
President Joe Biden on Tuesday will seek to reassure the American people that tackling the worst inflation the nation has seen in decades remains his “top priority” when he addresses the AFL-CIO convention in Philadelphia, a White House official tells CNN.
The speech comes a day before the Federal Reserve could raise interest rates as much as three-quarters of a percentage point as it attempts to get inflation under control. The issue has been bedeviling Biden and his White House for months after they downplayed inflation concerns last year.
But without many options to fight price hikes, the President is expected on Tuesday to focus on drawing a contrast between his economic policies and the plan put forward by the leader of the Senate Republicans’ campaign arm, Sen. Rick Scott of Florida. The President has been leaning into criticizing what he describes as an “ultra-MAGA agenda” on the right as part of his messaging heading into November’s midterm elections.
(Excerpt) Read more at cnn.com ...
Great...that’ll kill the housing market. And the climate policies will kill every other market.
we’re screwed.
More finger pointing at Putin. And denial that printing billions of dollars could cause inflation.
He’s just trying to get his favorable numbers out of the teens.
My contacts at the White House have provided me with an advanced copy of Biden’s remarks.
“I’m not quite sure what’s going on here. But if it’s bad, it’s Putin’s fault. Greedy producers might also be to blame. As usual, more laws and more spending will set everything right.”
It would be much simpler if he would say that inflation was caused by government spending money that it doesn’t have and that he will cut back spending and stop sending money to Ukraine. But he won’t. Putin is going to be out of the picture soon, so biden won’t be able to blame him for high prices. Who will he blame? Trump?
Misleading headline. Biden is not going to address inflation in any meaningful manner beyond what he can use as a political speech to try and demonize his political opponents.
So, another partisan attack speech. Yeah, just what the country needs. Man, this guy is the great white healer and unifier.
Note to union rank and file: Look at who’s enabling this. You ignore what that means at your peril. Public sector union members, goes for you, too
But the President's spokesperson argues that Americans will be able to weather the economic storm thanks to their actions since Biden took office.
Deceit.
It's the Dems' middle name.
So he just stated America is building silos in Ukraine. “We”
Didn’t he do that song and dance last week or is this a new routine?
That same ole schtick is getting old.
Biden offered more BS... blamed Trump for everything while lauding himself with endless excuses.
Biden is nuts if he thinks the country is doing well...
https://whyy.org/articles/biden-philly-afl-cio-convention-speech/
Looks like they’re actually hauling the POTATUS’s demented carcass to Philly.
Biden said child care costs 12 thousand a month.
“that’ll kill the housing market.”
Homesellers could put say 10% of the selling price into an interest rate buydown escrow account held by the purchasers’ mortgage servicer.
A 6% mortgage can be made into basically a 3.99% mortgage for almost 5 years.
It is also possible to lower an interest rate by 1% and increase the principal by 1/12 of a percent monthly.
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