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Biden to address inflation as economists predict Fed will set aggressive interest rate hike
cnn ^ | 6/14/2022 | By Kate Sullivan and Arlette Saenz, CNN

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 ...


TOPICS: News/Current Events
KEYWORDS: biden; bidenflation; bidenvoters; crash; debt; depression; stagflation
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fun times
1 posted on 06/14/2022 8:13:32 AM PDT by RomanSoldier19
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To: RomanSoldier19

Great...that’ll kill the housing market. And the climate policies will kill every other market.


2 posted on 06/14/2022 8:15:34 AM PDT by Sacajaweau ( )
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To: RomanSoldier19

we’re screwed.


3 posted on 06/14/2022 8:16:26 AM PDT by cableguymn
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To: RomanSoldier19

More finger pointing at Putin. And denial that printing billions of dollars could cause inflation.


4 posted on 06/14/2022 8:16:33 AM PDT by Spok (Don’t pee down my leg and tell me it’s raining.)
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To: RomanSoldier19

He’s just trying to get his favorable numbers out of the teens.


5 posted on 06/14/2022 8:17:44 AM PDT by Leep (Hillary will NEVER be president! 😁)
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To: RomanSoldier19

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.”


6 posted on 06/14/2022 8:20:29 AM PDT by Leaning Right (The steal is real.)
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To: RomanSoldier19

7 posted on 06/14/2022 8:21:06 AM PDT by BenLurkin (The above is not a statement of fact. It is either opinion, or satire, or both.)
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To: RomanSoldier19

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?


8 posted on 06/14/2022 8:23:19 AM PDT by I want the USA back (To get the USA back - we have to recover from the current wave of insanity.)
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To: RomanSoldier19

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.


9 posted on 06/14/2022 8:23:20 AM PDT by Obadiah ("America is facing a winter of severe illness and death." Biden's own summary of his America.)
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To: Sacajaweau

10 posted on 06/14/2022 8:24:48 AM PDT by BenLurkin (The above is not a statement of fact. It is either opinion, or satire, or both.)
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To: RomanSoldier19

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


11 posted on 06/14/2022 8:25:49 AM PDT by mewzilla (We need to repeal RCV wherever it's in use and go back to dumb voting machines.)
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To: Obadiah
From the piece...

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.

12 posted on 06/14/2022 8:25:53 AM PDT by Seaplaner (Never give in. Never give in. Never, never, never...in nothing, great or small...Winston Churchill)
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To: RomanSoldier19

So he just stated America is building silos in Ukraine. “We”


13 posted on 06/14/2022 8:25:56 AM PDT by TornadoAlley3 ( I'm Proud To Be An Okie From Muskogee)
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To: RomanSoldier19

Didn’t he do that song and dance last week or is this a new routine?

That same ole schtick is getting old.


14 posted on 06/14/2022 8:26:00 AM PDT by TomGuy
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To: cableguymn

15 posted on 06/14/2022 8:26:13 AM PDT by BenLurkin (The above is not a statement of fact. It is either opinion, or satire, or both.)
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To: RomanSoldier19

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...


16 posted on 06/14/2022 8:26:25 AM PDT by GOPJ (WLE's hunt for white supremacists allows spying on their hot sister in law & hoity-toity minister.)
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To: I want the USA back

17 posted on 06/14/2022 8:27:03 AM PDT by RomanSoldier19 (Res ad Triarios venit)
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To: RomanSoldier19

https://whyy.org/articles/biden-philly-afl-cio-convention-speech/

Looks like they’re actually hauling the POTATUS’s demented carcass to Philly.


18 posted on 06/14/2022 8:27:16 AM PDT by mewzilla (We need to repeal RCV wherever it's in use and go back to dumb voting machines.)
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To: TornadoAlley3

Biden said child care costs 12 thousand a month.


19 posted on 06/14/2022 8:27:50 AM PDT by TornadoAlley3 ( I'm Proud To Be An Okie From Muskogee)
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To: Sacajaweau

“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.


20 posted on 06/14/2022 8:27:53 AM PDT by Brian Griffin
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