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 ...
TOTALLY TONE DEAF
WHISTLING PAST THE GRAVEYARD
Translation....”The stupid proles aren’t believing our lies, so we need to come up with some better ones.”
Stale economy is that like Jimmy Carters economic malaise? The economy is in recession and will be getting worse just like it did during Jimmy Carters administration. Stagflation is imminent and the inflationary spiral will drive up interest rates just like in the late 1970s. When my wife and I bought our first home in September 1979 we paid 11.25% for a 30 year loan and within months the mortgage rates were 17-18%….I expect the same in 2024.
Their implosion will send major shivers around the world’s nations’ economies. If we don’t get financial things under control here, we will too.
With the new (HORRORS!) “variant..” that will be the ticket to mask, vaxx and lock us down again so that we can’t rebel against the tyranny boost that is to come this fall/winter. They have to prevent a free, honest election to continue the absolute, final destruction of the USA.
Just a constant stream of WH lies coming from his forked tongue. Pathetic and evil.
I’m of the thought that it’s too late, and a massive correction is coming in a global way.
I’m fine with being incorrect, mind you.
Won't be long until The Big Guy is demanding a 12% cut of the loot.
I agree and have prepped for it, since 2002. At 73, I can still use my fine-honed skills, until I can't.
I’m glad you’re prepared. Take care. :)
They were gonna say “gnarly,” but one of the speech writers insisted on “grody” or “lame-o,” so they compromised.
That’s not inflation, it’s 50% deflation. See Biden’s policies are working!
Food prices are continuing to skyrocket.
Mortgage rates are prohibitively expensive.
Gas prices are rising every time you go to the gas station.
A fast food restaurant we like has raised prices where they are 4 times higher than when Trump was President.
Utility prices are much higher.
What country is Biden helping??? It’s not The United States 🇺🇸.
12% seems lower than what I see.
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