Biden Aims To Downplay Inflation As Government Pushes More Big Spending Bills

[mystery-ak]

Biden Aims To Downplay Inflation As Government Pushes More Big Spending Bills


Shelby Talcott
Senior White House Correspondent
August 11, 2021 4:56 PM ET


President Joe Biden downplayed inflation concerns and touted his plans for the country during Wednesday remarks about his Build Back Better agenda.

Biden brought up recently released economic reports, specifically pointing to one on inflation that shows the consumer price inflation for July is still extremely high but has slowed. Despite the slower increase, prices are still on an upward trend in what’s become the quickest rise since August 2008.

“Jobs are up and monthly price increases have come down. Economic growth is up – the fastest in 40 years – and unemployment is coming down. So I would argue that the Biden economic plan is working,” Biden declared Wednesday.

The president admitted that Americans are feeling rising consumer costs and announced various efforts aimed at easing “the burden on families.” Biden promised to “keep a careful eye on inflation each month” and urged the country to “trust” the Federal Reserve “to take appropriate action” if necessary.

Biden said his administration plans to target what “major players are doing” that are “keeping prices higher than they need” to be. This initiative includes an executive order intended to help boost competition for agriculture, CNN noted.

more
https://dailycaller.com/2021/08/11/joe-biden-downplays-inflation-build-back-better-agenda/

[LMAO]

From the article…

Biden said his administration plans to target what “major players are doing” that are “keeping prices higher than they need” to be.

In other words, it’s everyone else’s fault

[Kamaji]

So they'll start a witch hunt for price "gougers" and, when they realize that there is no such thing, they'll turn it into nationalization of the economy on the ground of systemic price gouging.  Fullbore controlled economy.

[LMAO]

I predict that the issues that we are concerned about now, inflation, rising crime, Southern border crisis, etc will still be major issues come 2024

[libertybele]

While eating dinner, I caught a glimpse of the news. Announcing prices skyrocketing at the grocery stores and gas pump (no schitz). They can't blame this on Trump, nor can they blame the Republicans.

Wait till the infrastructure bill and all the crappola in it hits....stolen elections have consequences.  BIGLY!

[Fishrrman]

LMAO posted:
"Biden said his administration plans to target what “major players are doing” that are “keeping prices higher than they need” to be."

Comrades, let's say it plainly:
We will eventually be forced to resort to price controls to prevent greedy capitalists from milking the proletariat dry.

(only WE have the authority to do that!)