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| Economy |
| One Year Ago Biden Proclamation of "Temporary Inflation" |
| 2022-07-20 |
| [RealClearPolitics] A few minutes before midnight Saturday [7-19-2021], President Biden walked through the humid summer heat back to the White House, stopping briefly to respond to shouted questions over the din of Marine One’s whirling helicopter blades and still distant thunderstorms. A reporter asked, will inflation go down? "I’m hoping," Biden replied. And so is everyone else at the White House. Outside economists were warning last July that high prices were a sign of coming high inflation. "But that’s not our view," the president said a year ago today. He had consulted with his economists, and they had reviewed their charts, and Biden waved away the alarm bells. "Our experts believe, and the data shows," Biden said, "that most of the price increases we’ve seen were expected and expected to be temporary." |
| Posted by:Lord Garth |
| #2 Someone in the government PLEASE read a first-year economics textbook. PLEASE. |
| Posted by: Tom 2022-07-20 13:51 |
| #1 "Oh... and it's Putin's fault." |
| Posted by: Black Charlie Slairt1430 2022-07-20 01:42 |