Posted on 11/02/2024 8:52:52 AM PDT by ChicagoConservative27
On Friday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers Chair Jared Bernstein stated that bond market interest rates and mortgage rates have increased and that’s partially due to “the stronger economy” under President Joe Biden, but “I also think there’s a policy element going on in that spread, in that interest rate. And I think it has to do with the idea that one of the candidates is talking about massive tariffs — acting as a sales tax on the middle class –, massive deportations — terrible idea for the labor market –, and compromising Fed independence. That may also be putting some upward pressure on rates.”
(Excerpt) Read more at breitbart.com ...
Nothing is ever their fault. Like preschoolers.
Is the truth relevant to these people?
Is that why a 49 cent bag of Ruffles cost $7.29? Bidenskyyyyyyy’s “stronger” economy?
Down is the New Up, and Up is Down.
With Bidenflation allI I could afford was subletting Oscar the Grouch’s basement.
Hiring has cratered in what should be the holiday hiring boom because of the strongpedojoe/hairass economy.
Whatever they’re smoking has gotta be some really, really good dope....LOL
Then again, common sense and intelligence aren’t their strongest attributes.
It is amazing the lies media whores tell. When unemployment was up with Obama it was, “funemployment” and a great thing because everyone had so much free time. BUT it was Bush’s fault. When gas and energy prices are high because of crap democrat policies it is great because it means the econ9my is roaring. BUT it is price gouging by BIG OIL. Inflation and interest rates and home prices are high but that just means the economy is the strongest it has ever been thanks to Chomo Joe. BUT it is Trump’s fault.
Smoking some of Hunter’s crack.
No, it’s because corporations are engaging in “price gauging”™! Just ask the Word Salad Queen.
The Bidenomics logic also would state that, home prices are going through the roof because, people can afford to pay more, even as inflation is also going through the roof.
People are also earning more because inflation made prices of everything higher, and the with higher prices, wages had to also go higher. So, thanks to Bidenflation, people should be thankful they earn more while also paying more for everything.
The Bidenomics logic makes sense, if you happen to be an economics dummy.
Sounds like Jared Bernstein went to the AOC School of Economics.
Typical Demoncrat ... I mean Democrat ... screw something up and then blame the neatest Republican for the mess.
Good one!
How much more underwhelming must the jobs report be for
the economy to be considered richly robust.
ESP Alert! Trump has the ability to bend spoons with his mind!!!
Trump's thoughts about the economy are having an impact BECAUSE EVERYONE KNOWS HE'S GOING TO WIN. Wait, what? :^) The Biden-Harris economy is a POS and has been designed to be, and THAT is the ONLY reason rates are up.
Yeah, my property taxes are waaaaaaay up. School highest. Building big-time.
New comers? Damn straight!
Even the Fed admits it lied too long and acted too slowly. Cmon man
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