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Watch: Biden Outright Admits That He's Lost Control of the Economy - Doesn't Know When Prices Will Go Down
Independent Sentinel ^ | December 14, 2022 at 8:43am | By Ryan Ledendecker

Posted on 12/14/2022 10:50:07 AM PST by Red Badger

VIDEO AT LINK..................

The Biden administration has provided too many excuses to keep track of regarding the state of the crippling inflation crisis that continues to take a heavy toll on hard-working Americans, especially as the winter season approaches and energy bills climb.

On Tuesday, the White House trotted the 80-year-old president out in public to take a head-scratching victory lap over the latest news regarding the Consumer Price Index, a core inflation marker, which rose less than expected in November, at 0.2 percent, but continues to remain sky high overall.

At the news conference, Biden was asked by a reporter when he expects prices to begin to normalize. Instead of throwing out words like “transitory” or “moderating,” the president admitted at the end of the conference that he doesn’t have a clue, sounding almost as if he’s completely lost control of the situation.

“Can you say when you expect prices to get back to normal, Mr. President?” the reporter asked.

“I hope by the end of next year we’re much closer, but I can’t make that prediction,” Biden said. “I just — I’m convinced they’re not going to go up. I’m convinced they’re going to continue to go down.”

Biden’s non-answer generated plenty of justifiable criticism. Nobody expects Biden or any president to know precisely what will happen, but a general idea would have been nice.

“He’s really on top of his game isn’t he?” one Twitter user wrote.

Another Twitter user wrote, “So he admitted prices under his administration are not normal?”

Before his remarks about the future of inflation and where it will land, Biden said he believes the current numbers indicated “a lot of good news on the horizon.”

“We learned last month that the inflation rate came down, down more than experts expected,” Biden said, according to CNBC. “In a world where inflation is rising in double digits in many major economies around the world, inflation is coming down in America.”

Referencing the latest slightly-less-terrible CPI news on Tuesday morning, Biden took credit for the numbers, claiming it’s part of his “economic plan.”

“What is clear is my economic plan is working and we’re just getting started,” the president said. “My goal is simple: get prices under control without choking off economic growth; bring inflation down while keeping the labor market resilient; build an economy from the bottom up and the middle out; an economy with good jobs, good wages and for the long run, not a boom or bust economy.”

It’s fair to say that the U.S. economy under President Donald Trump, in many aspects, was much better than Biden’s version. But even when setbacks came up under Trump, he would at least provide the sense of leadership Americans need to hear during tough times.

President Biden, who seems perpetually confused and can barely read a teleprompter, doesn’t have to provide the perfect answer when questioned on such matters.

Still, he needs to exhibit the same optimism and leadership that Trump did. That’s all anyone’s asking.

Saying he doesn’t know when things will improve might be a shockingly unfortunate and honest assessment, but it’s not what the country needs to hear during these challenging times.

CORRECTION, Dec. 14, 2022: President Biden didn’t use the word “certain” in his comments about inflation. The original headline on this article suggested otherwise. It has been revised.


TOPICS: Business/Economy; Culture/Society; Government; Politics/Elections
KEYWORDS: letsgobrandon

1 posted on 12/14/2022 10:50:07 AM PST by Red Badger
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To: Red Badger

What’s the real solution? Will the Democrats just nationalize the economy? — then they can tell you for sure what the cost of beans will be next Tuesday.


2 posted on 12/14/2022 10:53:14 AM PST by ClearCase_guy (No one is as asleep as the "woke". They define the term "useful idiot".)
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To: Red Badger

Brandon never had control to begin with.


3 posted on 12/14/2022 10:53:17 AM PST by No name given (Anonymous is who you’ll know me as. )
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To: Red Badger

If I was trying to fundamentally change America.......crashing the economy is what I would do


4 posted on 12/14/2022 10:55:15 AM PST by V_TWIN (America...so great even the people that hate it refuse to leave)
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To: Red Badger

If he were a GOP POTUS, the people would be lined up in the streets in front of the White House. Instead, no protests whatsoever are taking place anywhere. It’s no wonder the DEMs have little to no fear of Americans.


5 posted on 12/14/2022 10:56:06 AM PST by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021 and beyond.)
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To: No name given

“Brandon never had control to begin with”

Of the economy or his bladder.......or both.


6 posted on 12/14/2022 10:56:21 AM PST by V_TWIN (America...so great even the people that hate it refuse to leave)
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To: Red Badger

Captain Joe sailed the Titanic into an iceberg and then claimed he’d fixed the ice machine.


7 posted on 12/14/2022 10:56:29 AM PST by blueunicorn6 ("A crack shot and a good dancer” )
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To: Red Badger

That’s okay. Single women can still have abortions, and that is all that matters. The alphabet media can still charge everyone but themselves with systemic racism, etc. And most importantly, the nation is being destroyed while everyone just stands around looking at each other.


8 posted on 12/14/2022 10:57:22 AM PST by odawg
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To: Red Badger

When we get a real legitimate President.


9 posted on 12/14/2022 11:00:12 AM PST by gitmo
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To: Red Badger

I’m not an economist, I never played one TV, and I didn’t stay at a Holiday Inn Express last night, but I know that the economy will return, and prices will go down once Joe is out of office.


10 posted on 12/14/2022 11:18:45 AM PST by mass55th ("Courage is being scared to death, but saddling up anyway." ~~ John Wayne )
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To: Red Badger

It’s called ‘growing the economy from the bottom up’.

IOW, the economy will become equally poor at all levels, with the bottom becoming the example for the the whole country.

Everybody will be equally poor. It’s the equity the democrats have been calling for.


11 posted on 12/14/2022 11:19:28 AM PST by adorno
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To: adorno

“Social­ism is a phi­los­o­phy of fail­ure, the creed of igno­rance, and the gospel of envy, its inher­ent virtue is the equal shar­ing of misery.” - Winston Churchill


12 posted on 12/14/2022 11:21:37 AM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

Biden, along with 1 million economists and forecasters.


13 posted on 12/14/2022 11:23:00 AM PST by proxy_user
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To: Red Badger

That and his bowels.


14 posted on 12/14/2022 11:23:44 AM PST by Bullish (Rot'sa Ruck America. )
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To: Red Badger

Stolen election:
Consequences
Etc
Etc
Etc


15 posted on 12/14/2022 11:24:54 AM PST by 9422WMR (45 1. Lie, cheat, steal. It’s how the democRATS operate. )
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To: Red Badger

I’m not sure it’s accurate to say he lost control of the economy. When did he have control of the economy?


16 posted on 12/14/2022 11:34:27 AM PST by nickcarraway
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To: V_TWIN

His bladder, his bowels, his mouth, his son...

CC


17 posted on 12/14/2022 11:50:28 AM PST by Celtic Conservative (My cats are more amusing than 200 channels worth of TV.)
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To: Red Badger

Reminds me of this little diddy...

Fellow Americans I proudly standing here to humbly see
I assure you and I mean it now says I don’t speak out plain as de and fellow Americans I’m for progress and the flag long may it fly I’m a poor boy come to Greatness so it follows that I cannot tell a lie

Ooh I love to dance a little sidestep now they see me now they don’t I’ve come and gone and ohhh, I love to sweep around the wide step cut a little swath and lead the people on

Now my good friends it behooves me to be solome and declare I’m for goodness and for-profit and for Living Clean and saying any prayer and now my good friends you can sleep nights I’ll continue to stand tall you can trust me before I promise I shall keep a watchful eye upon you all

Ooh I love to dance a little sidestep now they see me now they don’t I’ve come and gone and
Ohhhbh I love to sweep around the wide step cut a little swath and lead the people on
Ohhh I love to dance a little side step
And ohhh I love to sweep around the wide step


18 posted on 12/14/2022 12:07:17 PM PST by Ruy Dias de Bivar (BACK in Facebook Jail for quoting a line from the Dean Martin movie "Rough Night In Jericho.")
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To: Red Badger

Joe Stupid doesn’t know when prices are going down because Joe Stupid doesn’t know which end is up.


19 posted on 12/14/2022 4:59:41 PM PST by muir_redwoods (Freedom isn't free, liberty isn't liberal and you'll never find anything Right on the Left)
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