Establishment Media Blame Coronavirus for Joe Biden’s Inflation Woes

[mystery-ak]

Establishment Media Blame Coronavirus for Joe Biden’s Inflation Woes

Wendell Husebø 12 Jul 2021

The establishment media on Sunday blamed the coronavirus for disrupting supply chains and causing President Joe Biden’s inflation woes.

Vox blamed American workers for the increase in prices due to disrupting supply chains during the Chinese coronavirus.

“The pandemic, of course, meant a disruption in supply chains and habits. All of a sudden, millions of Americans were stuck at home, hoarding toilet paper and clearing grocery store shelves,” Vox wrote.

“According to economists who expect the robust post-pandemic economic recovery to fuel brisk price increases for a while,” the Wall Street Journal claimed, “Americans should brace themselves for several years of higher inflation than they’ve seen in decades.”

CNN acknowledged the increase of inflation since Biden’s presidency is an “increasingly difficult balance between supporting the recovery through ample stimulus while keeping inflation in check.”

“Officials at the Fed and in President Joe Biden’s administration,” Politico reported, “say they expect the supply-chain bottlenecks that have stoked inflation” to continue, as “investors have grown more worried about long-term growth with the emergence of contagious variants of the coronavirus.”

The following are price increases for 23 everyday items since Biden took office and pumped a $1.9 trillion coronavirus package into the economy in March.

    Gasoline, 56.2%
    Airline fare, 24.1%
    Motor vehicle insurance, 16.9%
    Natural gas, 13.5%
    Transportation services, 11.2%
    Tobacco and smoking products, 7.3%
    Apparel, 5.6%
    Electricity, 4.2%
    Physicians’ services, 4.2%
    Food away from home, 4.0%
    New vehicles, 3.3%
    Fruits and vegetables, 2.9%
    Motor vehicle maintenance and repair, 2.8%
    Hospital services, 2.6%
    Food, 2.2%
    Shelter, 2.2%
    Rent of primary residence, 1.8%
    Alcoholic beverages, 1.6%
    Medical care services, 1.5%
    Food at home, 0.7%
    Cereals and bakery products, 0.6%
    Meats, poultry, fish, and eggs, 0.1%
    Dairy and related products, 0.1%

EconomyMediaPoliticscoronavirus

https://www.breitbart.com/economy/2021/07/12/establishment-media-blame-coronavirus-joe-bidens-inflation-woes/

[The_Reader_David]

Just because they are the establishment media doesn't mean everything they write is false.  Without the proverbial printing presses running overtime to pump money into the gaping hole in the economy that the pandemic shut-down caused, there wouldn't be an inflation problem.  There were bipartisan policies, supported by Trump and Biden alike, that inflated the money supply, and as anyone with any economic understanding knows (though it doubtless comes as a surprise to most on the Left), this will eventually -- unless almost miraculously accompanied by a corresponding increase in the amount of goods and services actually available -- result in what ordinary people think of as inflation, rises in the prices of goods and services.

[Hoodat]

The following are price increases for 23 everyday items since Biden took office and pumped a $1.9 trillion coronavirus package into the economy in March.