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

Puppet chief executive, press sec. Jen Psaki, Treasury Sec. Janet Yellen, and Fed Chair Jerome Powell all predicted inflation would be “quite low” plus “transitory. “

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.

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.

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.

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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