Unfortunately, (a) she’s not talking about energy or oil production/supply; and (b) she believes it.
Commerce Secretary Gina Raimondo, a comprehensively incompetent and unqualified person selected to run the commerce department, blames, without hesitation, a “fundamental lack of supply” for the cause of U.S. inflation [04:38]. She’s not pretending, Raimondo genuinely believes this.
I have struggled with the question of whether it’s incompetence or intentional ideology that drives some of these cabinet members to say stupid stuff. In the case of Commerce Secretary Raimondo, it is clearly incompetence. In order to believe that a lack of supply is driving inflation; which is not coincidentally the same demand-cause opinion held by the federal reserve; a person has to ignore the dozens of key economic indicators that show consumer demand has contracted, inventories are climbing, and orders to manufacturers have dropped.
Even Samsung, one of the largest producers of electronics sold in the United States, has told all their suppliers to stop sending the component goods used to manufacture their products because orders for finished goods have plummeted. Hell, consider this…. THE COMMERCE DEPARTMENT, yes, that’s right, the Department that Raimondo is in charge of, has collected the data showing RETAIL SALES have DROPPED. Yet here she is blaming a lack of supply for inflation. WATCH:
It is not a lack of supply driving supply side and producer inflation. It is the massive increase in material, processing and transportation costs associated with Biden’s energy policy that are impacting supply-side inflation. Demand has contracted, inventories are climbing, manager orders have plummeted, and consumers are squeezed. Yet this knucklehead thinks recession is unlikely.
Gina Raimondo was also on Meet The Press, with another knucklehead, Chuck Todd.
.
Dems love to take what is logically an ‘effect’ of a given process or phenomenon, and then claim that it is the ’cause’ of causes of said process or phenomenon. This fact about them is almost axiomatic of the Democrat brain, i.e. poverty is the cause of poverty and not the actual effect of other processes they prefer to ignore (conveniently!).
In this case, Raimondo claims that inflation is the effect of some economic process (so far so good!) and that a lack of supply of goods and services is the important cause, failing to understand that a lack of supply (even were it true) is itself the true and principal effect of a cause she refuses to countenance, i.e., increased input costs of production that her boss has willfully brought on the entire world for the sake of his screwy green agenda and his racial cleansing dreams that are utterly abhorrent.
If one considers the entirety of the Dem agenda, these flaws of logic are endemic in their thought processes. However, the creators of such propaganda can’t be let off the hook so easily by attributing to them mere ignorance (something their followers can, however, most certainly claim!), because such flawed patterns of thought are too systematic and too exquisitely designed to exploit–in almost every instance– human ignorance in order to gain popular support.
In the case of climate change, Dems have milked this to such extraordinary effect because the true causes of climate change are hidden from our everyday purview and can only be contemplated by astrophysicists. This issue is also a bit unusual because ‘climate change’ is so vast and complex an area of science, and, in a very real sense it can also be said that climate change is both cause and effect, i.e.; the cosmos is in constant flux. However, Dems present it falsely as the effect (and not a possible cause itself) and then attribute incorrectly the cause to human behavior.
Dem politics is so utterly a racket to be despised.
WEF had to recruit stupid, vacuous, shallow, glib fools, as they are the only ones who would buy into the fantasy.
ANYONE with a lick of common sense would respond “Get OUTTA HERE! Your PUNKIN ME, right?”
Or, still haven’t ruled out that they are all “Pod people” created by some alien race, that wants to wipe out the human race, while leaving our infrastructure intact.
“NO, don’t use that fossil fuel, …. SAVE IT FOR US!
Deplete your population down to half a billion, makes our final takeover MUCH easier!”
Exactly! The pod people don’t want us to use and benefit from our bounty (oil,LP, etc..) but it’s gonna get used and it’s gonna benefit our greatest enemy !! IT IS GOING TO BE USED YOU IDIOTS!! And it’s going to be used until the market comes up with a better replacement. No dreams of sunshine and windmills. Grief…
What is up with no cars at the dealers. My Honda dealer (Bel Air, MD) had about 10 new cars on the lot. The salesman I talked to said it was because of a ‘chip shortage.’ I just smiled on the outside and laughed on the inside. He said the lead time for receipt after order is 3 weeks for a new car. I don’t know if true or not.
What is driving the consumer to pay over sticker price for new cars? Is it not lack of supply? Low demand would drive the price down, way down. Maybe intentional low supply is how the dealers are combatting low demand? I thought it was few new cars available inflating the price of new cars.
Just an engineer, not an economist. Appreciate any explanations.
No chips. I waited 5 weeks for my new Honda
Did you pay over sticker price? How much over sticker?
I was told a 6 month wait about 3 months ago. I bought a 2 year old car with low mileage. As the recession gets worse and worse dealers will have plenty of cars on the lots in a few months.
The high volume of used available vehicles and falling prices probably still won’t offset the drop on the demand side as long as inflation and specifically the price of gas continues to out pace the market. People won’t be able to afford gas for mopeds let alone any decent car or truck.
The solution is simple, “Go buy an EV.” Joe Biden the bicycle freak! We will all be on bikes very shortly!
I want to order one. Told 8 mo for the one I want
She said it out loud; ‘There’s chips in everything’.
Just wait until Taiwan and South Korea go under. And making that possible is why people are trying to intimidate Japan right now.
She was my governor. The governor of the state which was 47th in economic growth so let’s put her in charge of the whole country.
These idiots are putting our people in a terrible predicament. Idiocracy personified. And Not Sure is in the Oval Office.
Sounds like another Sebelius who was put in charge of HHS. Our healthcare has been in a downward spiral ever since.
Sebelius was a friend of the Clinton’s, her HHS job was nothing more than a payoff.
Hey, don’t you guys also have that no closet could hold him, Cicilline and the twerking State Senator?
There must be something in the water down there.
Yes we do. Luckily most people outside of New England think Rhode Island is part of New York. Let’s keep it that way. Gina, David and the twerking Ivy Leaguer; what more could go wrong?
Senator Whitehouse has a poofy hairdo….
She was an unmitigated, unprecedented disaster as first treasurer then governor of Rhode Island.
No tears were shed when she left office.
From what one hears, her big, stupid pinwheels which blight Rhode Island’s waters aren’t producing electricity lately.
Liberals: The dumbest “smart people” on earth.
A lack of supply? Well yes. In addition to the absurd money-printing of the Fed since Volcker, a lack of supply of energy causes price increases since oil and gas go into everything we consume.
What causes the lack of supply of energy? It is is 100% due to the Biden regime due to 1) Keystone XL shutdown, 2) failing to allow drilling on Federal lands, 3) the masochistic Green agenda but most of all 4) the horribly misguided, self-destructive sanctions war on Russia.
Agree. I found this helpful – tracks the Brandon Administration regulatory actions:
https://www.brookings.edu/interactives/tracking-regulatory-changes-in-the-biden-era/
“She’s not pretending, Raimondo genuinely believes this.”
I rather doubt that. They all lie. Its what they do to keep the peasants in the dark. I mean, how many of the idiots that listen to government proclamations actually research the issue? “Well, the government said this. That’s just your opinion, man.”
Hey Gina ! There were plenty of boxes of Wheat Thins at my local Safeway yesterday … priced at $4.39/shrinkflated box.
…. bout you don’t do the shopping at home, now do you?
The last box of Wheat Thins we bought didnt taste the same. Lacked the flavor we remembered.
Shrinkflated and some shrinking ingredients as well it seems.
Agreed. Something odd has changed. Perhaps the recipie is changing to “fit” America’s new “brown” demographic?
The new Wheat Extra-Thins! So thin you can’t see them.
blob:https://theconservativetreehouse.com/58de4a59-d0f2-4040-8093-adde78a68f38
Ignore this computer error 🙄
IN MY OPINION: The Brandon Administration has been filled with people who are either so ideologically in lockstep with the Klaus’ crowd that they can’t see it any other way, OR they were specifically chosen because they are easily manipulated and can’t think for themselves and wouldn’t know how to stand on principle if their lives depended upon it.
Pick one: brainwashed or incompetent and stupid.
OR
Evil. I keep going back to evil because I can’t see how any of these people get to certain levels in their profession without being able to think things through to a logical conclusion.
LOGIC:
Without fuel, we, Americans, lose in every venue. I bet our arch enemies have already made agreements as to how they’re going to carve up the country. Bidens have already been paid off 10x over. Most of them have. They’ve made their “safety plans” and the rest of us will suffer. That’s straight up evil. I despise these people. Communists all.
That is how I see it too. Evil.
The level of stupidity required for the stupid/incompetent alternative is just too much to fathom.
I see it as evil, because out of chance a stupid/incompetent person might actually do the right thing, if accidently, on occasion.
Not so with an evil person. An evil person will always do what is evil.
IMO.
“I can’t see how any of these people get to certain levels in their profession without being able to think things through to a logical conclusion.”
Promoting failures out of the way has been a thing for decades. Firing them violates the necessary diversity & useless degreed employee rules.
Back in the day in the “70’s what is happening now used to be “called the Peter principle.” Promoting a male, mainly because he had risen to his level of incompetence. Now it’s anyone cloaked in the shell of human form. NO BRAINS, EXPERIENCE, or KNOWLEDGE REQUIRED to hold a job in this admin-is-fork-istration.
To wit, I’ll bet this crew now is SO PLEASED that they found ANYONE WILLING to SERVE their agenda.
I sound like an OLD GEEZER to myself when I type this, but once upon a time PEOPLE IN THE US GOVMINT were FIRED, for SO MUCH LESS.
Nightmares that this person has a Q clearance. Whatever. I guess the FBI under Garland gives that to anyone who is willing for a spot on the TV no matter how much nonsense they spot. Job Done. Pension for life.
Spout not spot
They are a combination of all three, plus one: IDEOLOGICAL.
First, they really aren’t that bright, which makes them incompetent, which is why they gravitate toward government as a career. Second, they are easily manipulated because they are so damn stupid. Third, they are weak-minded followers, which makes them even easier to be manipulated. Fourth, being damn stupid, they buy into the nefarious notions like “climate change” as the greatest risk to mankind when in reality “climate change” is the cover story for “We’re dead broke and we need to remain in power so we’ll promote this ‘climate change’ scam to scare the people into keeping us in power so they don’t lop off our heads.” And last, EVIL because the smartest of the pack of wolves are the prolific liars and con artists who are running the scam against their own sheep…and you and me.
Lying to achieve one’s goals is a tactic to keep power. It’s as simple as that.
She is lying about the economy. Jeanne Pierre the press secretary is lying. Kamala Harris is lying. Yellen is lying. Buttigieg and Becerra are lying. Joe Biden is lying.
There is no effective pushback as there are no press conferences, no investigations, and no
court actions to stop them.
And they don’t even blink when you point out the obvious problems.
This is another play on blaming Covid, which they dare not mention much out loud, and the idiotic policies associated with it.
From first hand management in the wholesaling business I know exactly what the issues have been and continue to be. It is not one single element, but a collection of bad policy decisions (or intentional ones to promote WEF objectives) resulting in these issues. Yes, lack of employees for so long, then uneven return to production, coupled with bad raw materials availability and component problems, created manufacturing delays and decreased supply, all while orders piled up. This created massive imbalance, pushing costs higher and pricing took off. So if this is all that happened we could be pointing to supply factors as the primary culprit.
HOWEVER, the evil cabal poured massive gasoline onto the existing fire (pun intended) via choking penalties on energy coupled with pushing NATO policies while goading Russia to invade Ukraine. THIS was the fulcrum point that launched inflation into hyperdrive. Oil skyrocketed while shipping costs were already enormously inflated, with horrible imbalance in available shipping containers (thanks Commie China).
ALL OF THIS against the backdrop of HUGE demand, HUGE back orders that were taking months to get filled if at all, and yes, CHIP SHORTAGES ARE REAL AND VERY PROBLEMATIC.
So many horrible regulations, orders and provocative politics involved, equals either total incompetence or intentional sabotage. This hired stooge can’t or won’t enunciate the extent of their incompetence/collusion.
She gets paid for that drivel?
All too well. Overpaid for the drivel.
And a pension for life.
Affirmative Action hire just like most of the administration.
All the PC boxes checked off…..no competence or intelligence required. Ability to follow orders unquestioned essential.
Well, at least she couldn’t be any more dangerous than who they have leading the DOE… can she? That lady didn’t even have a clue how many barrels of oil we use a .day. Now that’s scary.
Indeed. I’ll turn the word scary into terrifying. The Anti-Fossil fuel agenda is probably the worst I’ve seen since the days of Jimmy Carter. Grinding the very life of humanity down to a nub for an agenda that NO ONE WANTS, OR VOTED FOR. As if that matters anymore.
Cannot find a satisfying link, but think on the Police, and/or Sting song, “We are spirits in the material world.” Just thinking on that theme along with MANY PRAYERS get me through each and every day.
One of my liberal well educated builders said the same thing to me about a month ago. They really believe it. He also claimed raising taxes would take money out of circulation. SMH
Imagine if these idiots had to face a real press core and real journalists. They’d be eaten alive.
What they faceis a self made Press Corpse, dead to real news.
I think it very possible that she does not believe the narrative, simply memorized better the chain of things she would have to say to make it sound like she did. That is something people like Kamala Harris are very bad at.
However, if she does believe it, there are certainly plenty of people around her and elsewhere in government who do understand what is happening. And for that matter, there is a way to persuade people who are half educated in these matters, that supply is a problem, because it is part of it in a few very narrow areas, and partly because middle men and manufacturers are indeed slowing down their orders, while retailers are still trying to get product. So, there are some very poorly informed people who literally believe the storytelling, but the people who really makes the decisions, which must not include Raimundo, or Biden, do know the score.
The root of the problem is with the people who know perfectly well they are destroying the US economy, and have that as their objective.
The O’Biden Administration is jammed full of stupid people.
The puppeteers sought out and recruited Stupid and got it in abundance.
“Comprehensively incompetent”
THAT is the best phrase I’ve heard to describe the Biden administration to date!
Also “criminally corrupt”
“We have inflation now because of lack of supply” !!! Tell that to these people and prepare for more of the same. Only the beginning….
https://www.wsj.com/articles/sri-lankan-protesters-demand-presidents-resignation-storm-his-residence-11657360750
Disagree, Sundance. NONE of this “incompetence” and we need to be declaring that from the mountaintops. It gives this evil regime an out. The entire regime is singing out of the same hymnal, because this is their religion, their ideology. They do what they do, because this is what they want for America; everyone but them and their cronies poor and dependent upon them. I know it’s hard for people to wrap their heads around this, but I can’t say more emphatically:
THIS IS NOT INCOMPETENCE. IT IS, EVERY LAST BIT OF IT, INTENTIONAL.
And think about this … once you wrap your head around that, wrap your head around this: What are they doing THAT WE CAN’T SEE?
Most felons are also incompetent – it’s why they get caught. Whether or not they commit felonies intentionally or not is usually not considered (it’s darned seldom that a felony is committed by accident or in error).
But that does not relieve them of their guilt for breaking laws.
“… Raimondo, a comprehensively incompetent and unqualified person selected to run the commerce department …”
Incompetence and being unqualified is a necessary requirement to be in the Biden administration.
Harvard BA in economics magna cum laude , Rhodes Scholar, MA and PhD in Sociology from Oxford, JD frm Yale Law School, and founded Rhode Island’s first venture capital firm, growing it to over $100 milolion in assets. Then she got political, and somewhere along the line got Woke, and that is when everything she ever actually knew about anything drained out her ears, leaving her to nod and agree with every crackpot left idea she’s fed. These people are worse than useless. They are in power, and that actually makes them dangerous.
Then she had Rhode Island, like New York, codify Roe vs Wade laws in the statehouse to cheers of ghoulish hags.
There is some truth to what she is saying. Biden and the Communists WAR on the Oil industry created a shortage of Petroleum used in over 6000 everyday products. For example, I work in the commercial print for packaging industry. The Biden caused Petroleum shortage caused a massive shortage and resulting price increase of inks, substrates and packaging materials, all of which rely on petroleum to be manufactured.
This caused a spike in the price of ALL packaged consumer goods. So in essence, they created the “shortage” which did have an effect on prices.
High School valedictorian. Harvard honors graduate in economics. Rhodes Scholar at the University of Oxford graduating with a doctorate in sociology and economics. Law degree from Yale Law School. Venture Capitalist. State Governor. Chair*man* of the Democratic Governor’s Association. Plus her husband is a Rhodes Scholar working or a company apparently funded by Communist China. And DemocRATS are even talking about her running for President. Incompetence? No, Sundance … she knows what she said is nonsense. I think she’s a groomed, UNIPARTY Fabian who is just being deceptive … just saying whatever it takes to propagandize the masses and attain/keep power for the UNIPARTY.
……………actually she sounds just like an educated idiot.
She is a programmed Rhodie Fabian idiot. Sociology was the major for people who just barely made the cut to enter my private top regional uni back in the mid-1980s. It is a pseudo-science.
If you are being groomed for a poltico-governance jackboot job, you WILL get into an ivy law spewel, no matter what your underwear, um, undergraduate degree label is. You don’t have to KNOW anything. You have to have the correct talking points.
I have seen this over an over again.
“comprehensively incompetent and unqualified person ”
That’s the only type they hire. So such persons can say nonsense confidently in TV. These folks couldn’t do that if they had two brain cells to rub together. The rule in this administration is ; none can be smarter than the Big Guy. So here we are😒
if there is a lack of supply, then why in the hell is $7.3 billion of goods waiting on cargo ships to b unloaded… zerohedge.com. These peeps r dumber than a doughnut all by design…. all hired to crash the economy. This is good vs evil, otherwise we wouldn’t b seeing natural gas and food plants going up in flames, along w livestock destruction. PURE EVIL
From the article: “I have struggled with the question of whether it’s incompetence or intentional ideology that drives some of these cabinet members to say stupid stuff.”
Where some of these people are “based”, they represent some of the smartest people in the room among those that are like them and think like them.
On the other hand, where almost all on this discussion forum are “based”, that place labeled “reality”, they appear as idiots, the opposite of what they, ( those like Ms. Raimondo ), think of themselves.
They trying to keep it together until after the election.
The Country is being run by crooks, criminals, incompetents, psychotics, imbeciles and evil. Other than that, the United States has one helluva team to lead us all to oblivion.
The Cabinet consists of morons, idiots, and perverts. What a collection!
…all contractors know…to “build back better” one must “tear down completely”. We are in the “tear down completely” part of the “painful transition”. FJB
Sincerely, the American people
Supply chain disruptions can cause rising prices. If that is what she is suggesting then she isn’t wrong. But we also have a massive increase in money supply. So rising prices are some combination of both phenomenon.
Stupid is as stupid does. And it can’t be fixed.
The Great Depression was made far worse because the Hoover and FDR Administrations were wrong about nearly everything. The coming depression will also be far worse than necessary because the ideologues in control understand nothing.
There are infamous videos of farmers slaughtering pigs and dumping milk in the 1930s.Their produce would not sell and therefore, with the encouragement of bureaucrats, they wasted food to reduce supply and drive up prices. In fact, deflation was the true problem, and hungry people simply didn’t have the cash needed to feed themselves, at almost any price.
FDR also made it a crime for shopkeepers to have sales. There’s a tragi-comic story of New York poultry dealers put on trial for the crime of having a sale on chickens.
Hoover, at least, understood that the free market was the way forward. He then broke under the pressure and intervened in all the wrong ways. Modern technocrats will certainly meddle and muck it up in ways a thousand times worse than Hoover or FDR, and children will soon go hungry. Yes, it can happen here.
The “Global Financial Crisis of 2008” was a market correction when the real estate bubble and associated financial instrument bubbles burst. The bubbles were created due to government policy that encouraged ever lower underwriting qualifications for subprime mortgages. HOWEVER – instead of allowing the correction to run its course the government intervened with massive stimulus to bail out the big fat cats so they wouldn’t have to take the haircut. The policy is summed up “privatizing profits, socializing losses.”
We almost got away with it as the booming economy under Trump absorbed the massive cash infusion, but then COVID panic by the elites led to shutdowns that crashed it. Then they compounded the problem by printing even MORE money. The outcome? Stagflation. High inflation, high unemployment, and a recession.
This is what any sane person knew would be the outcome.
We’re still dealing with the aftermath, this bubble in used cars is one of the ripples created by such policies.
I recall some other leftist economist blue checkmark who espoused printing money as a way for a sovereign power to pay for extremely expensive programs like the Green New Deal. It was so stupid and economically illiterate I had to see who this moron is: She is a tenured professor of economics. These are the fools advising the fool Joe Biden.
https://www.newyorker.com/news/news-desk/the-economist-who-believes-the-government-should-just-print-more-money
She was a disaster as Rhode Island Treasurer who robbed state retirees of their pension COLAs to fund her war chest and pay off her Wall Street cronies.
As governor, she studded the Ocean State’s formerly beautiful waters with ugly gigantic pinwheels for ‘green energy’ which today according to reports, produce no electricity, only profits for her fellow crooks.
This is Hah-vud & Yale and OxFraud talking here, so we must believe all she says. She’s very smart, just ask her.
Do these morons actually believe we will buy their bullshit? Biden is at 29% approval. TWENTY-NINE PERCENT!!!!
Anybody remember Mitt Romney challenging Obama in a debate? He said, “just because you say it often doesn’t make it true”.
And this is where we are once again with the Biden Administration.
Clearly, we need a new media to bring out these truths and challenge those who state inaccuracies.
Sundance, I believe it is a case of both incompetence and intentional ideology causing this SNAFU. Biden’s handlers have with purposeful intention deliberately hired the most incompetent morons they could find to staff all of the cabinet positions. Please tell me one cabinet secretary who even gives out the slightest appearance of being competent? It is a royal clown show. So the fact that we have buffoons running anything is in fact by design.
Then again she is a Hahvahd graduate who was Class Marshall for her 25th Reunion when she was Gov. of that tiny state of Rhode Island.