Posted on 08/22/2023 4:50:36 AM PDT by ChicagoConservative27
On Monday’s broadcast of CNBC’s “Squawk Box,” White House Council of Economic Advisers Chair Jared Bernstein acknowledged that it’s “fair” to point out that prices are still elevated and things are still expensive even though the rate of inflation is going down, but said that questions about inflation hurting President Joe Biden’s job approval numbers are “stale” because “the approval rating…invokes a level of political tribalism that has a lot to do with things other than how the economy is doing.” And “the fact that inflation went from 9 to about 3%, is registering with folks, and especially when it starts generating real wage gains.”
Co-host Joe Kernen referenced President Joe Biden’s low approval numbers on the economy and said only 36% approve of the President’s handling of the economy. He added, “I’ll tell you what I think it is, Jared. Inflation is — the rate of change is coming down, but stuff that people bought two or three years ago, because of the initial increases, things are still expensive. They might be going up less, and wage growth only recently has started keeping pace with that. So, people still feel like they’re behind. I think that’s got to be it. And I don’t think you can deny it. It’s probably not a good idea to deny that people are feeling that.”
(Excerpt) Read more at breitbart.com ...
Yours and mine both! The amount I get is not going up in concert with the inflation
Prices aren’t going up as fast as before. So when will they start going down? Maybe Xo Xidung knows the answer.
I’m 68 and still working.
I had planned on retiring fairly comfortably at the end of the year.
Looks like I’ll be still getting up early for another two or three years........................
The "rate of inflation" which would stop inflation would be zero.
"Zero" is now a word reserved for the Green revolution which isn't a "revolution" at all.
The true level of inflation is best measured using a gold reference, even the 1990s formula used by shadowstats underestimated inflation, just not as badly as what is used today. $20 of gold in 1920 is worth about $2000 today, and you can see that before we stopped using a gold standard, the price only fluctuated between 20 to 30 dollars, then immediately went up into the hundreds of dollars as we started printing paper money not backed by gold deposits.
“And the fact that inflation went from 9 to about 3%, is registering with folks, and especially when it starts generating real wage gains.”
Total bullcrappola.
The WH must be quite OUT of touch with the American people. I got a small tub of butter at Walmart the other day & it was 1/2 lb. at the same price as the previous container which was 1 lb. What I want to know...is this 50% inflation or is it 100%?
I agree with Josef Stolen. Inflation is only 3%, in the crucial areas of cardboard boxes, ribbons, and bicycle tires.
However, in the unimportant areas of rent, gasoline, food and energy, inflation is only 15% or so.
Wait until the Inflation Creation Act $$ hits the streets.
And now that the White House has issued the approved talking point concerning the inflation Biden has caused, our ENEMEDIA will start dismissing any talk or reference to “Biden’s inflation” as “stale” or “old information”!
Who wants to bet?!?
Wages are flat and prices of everything are higher.
That has registered with me.
That’s awesome...
They have plans to stop gpeople from talking about it, they are going to put us back in the masks.. There was an article on Liberty Daily that doctors in WA State were recommending that medical personnel go back to wearing masks and other states were following them.
Well, they never stopped wearing them in the county where I live in WA. I have a friend who was denied an appointment with a neurologist because she is not vaxxed.
I just hope that a republican wins and can somehow u do the damage that has been done to make up for the pain we’ve had to endure under communistic rule
I know how you feel. I started drawing full S.S. at 65 plus 2 mos. Then I worked until I was 75. So, wife & I had S.S. those 10 years, plus I was still working. The job paid generally poorly, but combined income was such that we did OK. I was able to save some of that which was the only way I really had ANYTHING saved for total retirement as there was no pension plan from the job. Now,I am alone & total income is S.S. plus a small check from the VA. I have enough for an emergency fund, but that’s about it. Property is not worth a lot & any purchases have to be kept as small as possible. In the Biden world that may qualify as “retiring comfortably”. How would I tell?
I could have written that myself....................
This leftist-induced “recession” isn’t finished with us, yet.
Not even close. China and CRE will implode sooner than later…
More fingers in ears from the White House and saying na na na na na ............
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