Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years

[GtHawk]

At least Carter was a tolerable man.

At least Carter kept his lust in his heart.

[mystery-ak]

‘I’m Talking About Underlying Trends!’: CNN Host Cuts Off WH Adviser As He Tries To Spin Inflation Numbers




Timothy Frudd
Contributor
February 10, 2022 1:40 PM ET
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CNN host Kate Bolduan cut off White House economic adviser Jared Bernstein as he tried to spin inflation numbers during an interview Thursday.

Bolduan questioned the Biden administration’s strategy for handling inflation, asking, “President Biden on December 10 said that he thought inflation was at its peak. The quote was, ‘I think it’s the peak of the crisis.’ It was not. And I remember very clearly our conversations over the summer when you were talking about inflation being transitory. It was not. Are you being clear-eyed enough about what’s going on here?”

Bernstein responded, saying, “Absolutely. I mean, I think the thing to recognize is that our team, at the insistence of the president, is focused on not just the month-to-month ups and downs, but on the underlying trends.”

Bolduan abruptly interjected, “I’m talking about underlying trends.”

The White House adviser continued, saying, “We’re going to get some months come in better, some months that come in worse. Probably when the president said that, Omicron wasn’t quite in the picture yet.”

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https://dailycaller.com/2022/02/10/underlying-trends-cnn-host-adviser-spin-inflation-numbers/

[Fishrrman]

WH Economic Adviser Bernstein: ‘I Expect Inflation to Come Down Significantly in 2022’

Mr. Bernstein may represent to economics, what Dr. Fauci represents to medicine.

[catfish1957]

WH Economic Adviser Bernstein: ‘I Expect Inflation to Come Down Significantly in 2022’

Mr. Bernstein may represent to economics, what Dr. Fauci represents to medicine.

Good analogy....  Liars and deflectors all.

[Hoodat]

WH Economic Adviser Bernstein: ‘I Expect Inflation to Come Down Significantly in 2022’

Mr. Bernstein may represent to economics, what Dr. Fauci represents to medicine.

Jared Bernstein holds bachelor degrees in music and social work, a masters in philosophy, and a PhD in social welfare.  There is nothing in his background that would indicate even rudimentary knowledge of scarcity, supply, or demand.

[LMAO]

Jared Bernstein holds bachelor degrees in music and social work, a masters in philosophy, and a PhD in social welfare.  There is nothing in his background that would indicate even rudimentary knowledge of scarcity, supply, or demand.

We are so screwed

[cato potatoe]

Powell will not commit to higher interest rates.  It seems fairly obvious the government is going to resolve the debt through chronic inflation.  And why wouldn't they?  Voters are too apathetic to hold anyone accountable.  Most of them want more deficit spending.

[catfish1957]

Powell will not commit to higher interest rates.  It seems fairly obvious the government is going to resolve the debt through chronic inflation.  And why wouldn't they?  Voters are too apathetic to hold anyone accountable.  Most of them want more deficit spending.

Biden and his band of idiots have literally painted themselves into a budgetary corner and crisis of epic proportions. Very few truly understand how serious this is. There will be a point in time very soon, that our goverment will not even be able to cover the welfare state expenditures, much less defense, etc.

If an "F-" could ever be given to an administration for national fiducary stewardship, Pedo Joe has sure earned it.   

[sneakypete]

Jared Bernstein holds bachelor degrees in music and social work, a masters in philosophy, and a PhD in social welfare.  There is nothing in his background that would indicate even rudimentary knowledge of scarcity, supply, or demand.

@Hoodat

Well,those degrees make him more qualified for his current job than half or more of the people with congressional or senate seats,and WAAAAY over-qualified compared to Biden and the WH.

Or Fauci and the Dept of Health,AFATG.

[LMAO]

Voters are too apathetic to hold anyone accountable.  Most of them want more deficit spending.

And some of them are on “our side”

[IsailedawayfromFR]

Bernstein.  Wasn't this the guy who said inflation was only transitory many months ago?

I wonder if was AOC's Economics Prof.

What is even scarier is if he relies upon AOC's economics philosophy.

[Right_in_Virginia]

Maria Bartiromo
@MariaBartiromo·
27m

Hotter than expected #inflation ⬆️ 1% month over month versus estimate of .5%. Year over year ⬆️ 9.7%. Join us now @MorningsMaria @FoxBusiness markets rally still holds.

[catfish1957]

Maria Bartiromo
@MariaBartiromo·
27m

Hotter than expected #inflation ⬆️ 1% month over month versus estimate of .5%. Year over year ⬆️ 9.7%. Join us now @MorningsMaria @FoxBusiness markets rally still holds.

Hate to sound like a broken record, but Bidenflation since this crisis started has pretty much been understated 50-70%.  If CPI the  Bureau of Labor Statistics is panning out at near 10% the true number would be in the neighbor hood of 15-17%.

We are rapidly approaching a historic inflationary economy.  One this country has not seen.

[LMAO]

Hate to sound like a broken record, but Bidenflation since this crisis started has pretty much been understated 50-70%.  If CPI the  Bureau of Labor Statistics is panning out at near 10% the true number would be in the neighbor hood of 15-17%.

We are rapidly approaching a historic inflationary economy.  One this country has not seen.

Well, aren’t we just a hopeful ray of sunshine today… 

I do agree with you. This is bad and people are feeling it. All the jive talking from this administration of how good things are and how he over performed is not going to erase what people see every day when they gas up or go to the grocery store