Flashback 1 Year Ago: Biden & Cronies Insist Inflation Not really a Concern

With inflation at a 40-year high, it might be worth noting that a 12 months ago, Joe Biden great lackeys repeatedly insisted that will inflation was not a cause intended for concern, claiming rising prices across nearly all sectors of the economy was a “ temporary” phenomenon caused by the COVID pandemic.

“ Some folks have raised worries that this could be a sign of persistent inflation, but that’s not our view, ” Biden said in July 2021. “ Our experts believe, and the data displays, that most of the price boosts we’ve seen were anticipated and expected to be short-term. ”

“ There’s nobody suggesting there’s unchecked inflation on the way— no serious economist. That is certainly totally different, ” Biden added.

Q: “At what point can you consider inflation unchecked…? ”

Biden: “There’s nobody suggesting there’s unchecked inflation on the way. No severe economist. That’s totally different. Appearance, the stock market is greater than it has been in all of history. Even went down this month” pic. twitter. com/NLXCssisUX

— Mona Salama (@MonaSalama_) July 19, 2021

Likewise, Biden’s outgoing press secretary Jen Psaki dismissed inflation problems in May 2021.

“ Actions that we have delivered to date or proposals that have been made, most economic experts believe that it will have a temporary, transitory impact, ” Psaki mentioned during a press briefing.

ONE YEAR AGO TODAY: Jen Psaki dismisses rising inflation as “temporary” and “transitory. ” pic. twitter. com/1VhgCEDWgI

— RNC Research (@RNCResearch) May 11, 2022

During the same period, Treasury Secretary Jesse Yellen poured cold water on worries that pumpiing could ramp up as the yr went on.

“ I really doubt we’re going to find an inflationary cycle, ” she predicted.

ONE YEAR AGO IMMEDIATELY

Biden’s Treasury Secretary: “ I truly doubt that we’re going to notice an inflationary cycle” pic. twitter. com/K7dXNZuiIz

— RNC Research (@RNCResearch) May 11, 2022

Federal Reserve Chairman Jerome Powell also assured the American people in June 2021 that inflation would wane appearing out of the pandemic.

“ There is a possibility that on the other side of this, that inflation could actually be quite low going forward, ” Powell said.

“ Our expectation is these high inflation readings that we’re seeing now will begin to abate. And that’s what we think, ” he additional.

Fast forward a year: inflation is over 8% – a 40-year high – for the second month in a row, the GROSS DOMESTIC PRODUCT contracted by 1 . 4%, the trade deficit reaches record highs, food shortages are becoming real, and Biden and the Congress just handed down a bill to send $40 billion in taxpayer money in order to Ukraine to continue the protracted conflict with Russia.

Meanwhile, Biden stated Tuesday that his “ top priority” is now combating the soaring inflation their administration spurred on.

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Biden Blames His Inflation on Prior Administration

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