On Monday July 19, 2021, the White House occupant declared that inflation was temporary and would be “transitional”. Current economists now refute that claim, as inflation continues to escalate at an alarming pace. In July Joe Biden said (transcript):
“Now, I want to be clear: My administration understands that if we were to ever experience unchecked inflation over the long term that would pose real challenges to our economy. So while we’re confident that isn’t what we are seeing today, we’re going to remain vigilant about any response that is needed.”
Joe Biden was asked a follow-up question after his remarks:
Q Yes, thank you, Mr. President. At what point would you consider inflation unchecked to a point at which you would either consider taking action or you would want to see the Fed take action?
To wit Joe Biden responded:
THE PRESIDENT: “Yeah. There’s nobody suggesting there’s unchecked inflation on the way — no serious economist. That’s totally different”. (link)
.
Biden* does not remember what they tell him to say…
Does that disgusting old POS remember that he’s an American? I find it hard to believe that he doesn’t understand how damaging his policies are to regular Americans, whether they are his or not. I believe Joe Biden is a tyrant and has always been a tyrant and I will never feel sorry for him.
What a strange reponse.
The response was intended to invalidate the question so it didn’t have to be answered.
Yep.
He used the same tactic to try and invalidate charges he pressured the Ukrainians to back off the Burisma investigation.
He uses it repeatedly.
F the grifting pervert.
Lesko Brandon!
Nowadays “POTUS” means “Pervert Of The United States”.
I think I would rather listen to the “un-serious” economists.
Dippy Skippy can crawl back into the basement.
I am not surprised at the purposeful and accelerated destruction of our economy. We all saw it coming, plan accordingly!
Biden lies. He plans to destabilize America and cause great emotional and economic hurt to Most American citizens. If he continues to destroy America he then plans to rebuild America using the Marxist model. Nothing for you, everything for me and my woke comrades.
He’s the face of the cabal, a convenient patsy. Remember, only human. We all go to God. No one is immortal. Focus on the cabal, they are the enemy. Their operatives, their soldiers. They walk among us.
Obviously, F. Joe Biden wasn’t any more lucid in July than he is today; or, any less of a deflective puppet for TPTB…
Good Lord. Are there people that stupid? …I know, silly me, of course there are.
Joe “Stinky” B-B-B-Biden is as popular as a fart in a space suit, pun intended. If someone in your family buys into this tripe be sure they wear a helmet when they get out of bed.
Wow!
Stupid?….meh.
Dangerous?……oh yeah!
Both can be true.
Not stupid. Evil. They know exactly what they are doing.
FJB will try and tell you the video is fake he reads everything from prompt he has no memory he is the total blank canvas every day a clean slate to work with. God help us all
My word of the day……..menticide.
How does one destroy the economy in 10 months?
I guess this Congress and Administration cannot accept Americans enjoying their lives, a good economy and happiness.
It is time citizens end this charade of governance.
Lies, all lies.
Oh darn, POTUS Trump said this would happen –
He was right again and again and again and again.
But hey, no more mean tweets!
On day one FJB signed the executive orders that set this up. He had no clue what those executive orders had in them but his puppet masters had it all well planned out long before the stolen election. And the Fed and Janet Yellen are doing their best to stimulate inflation to save Wall Street billionaires.
“blah, blah . . . So while we’re confident that isn’t what we are seeing today, we’re going to remain vigilant about any response that is needed.”
It’s the administration’s “responses” that have caused the problem! All a government has to do is get the hell out of the way and the economy will take care of itself and do just fine.
Remember: Governments NEED inflation; economies don’t.
While natural correction to equilibrium without government interference is one healthy solution, those of us who’ve had our lives destroyed or loved one’s lives taken by acts of government under color of law and authority will never forget what those humans did to us. No correction will ever assuage that reality. I’ll leave it at that.
Scorched earth policy by the Obama team. In a desperate bid to destroy every aspect of the American dream Obama’s crew of thugs will willfully burn down everything they can on their way to 2024.
Rush always had it right. Obama wants everyone to suffer. Everyone must pay for his perceived injustice of the black community.
DD
Fundamentally change America.
Obama never cared about the black community. He has only ever cared about Wall Street, the bankers and the intelligence community. Read Paul Street’s “The Empire’s New Clothes” to find out more about who Obama really is. Paul Street is a black writer who has written for the Black Agenda Report and for the World Socialist Website. And he saw through Obama from the beginning. He is a globalist, and these are globalist bankers taking over our country (just look at those Blackrock people in the cabinet). They could not care less about blacks or women or gays or any other group except to get their votes.
THE PRESIDENT: “Yeah. There’s nobody suggesting there’s unchecked inflation on the way — no serious economist. That’s totally different”.
Well, when you only listen to the Keynesians I guess that’s true. I guess MMT and helicopter money are what you consider “serious” economics.
The Austrian school of economics deals with reality.
“Well, when you only listen to the Keynesians I guess that’s true” LOL!!!!
Discussing inflation is about this or that percentage, but in reality it boils down to a binary choice. Can I afford this, or can I not?
I’ve made the embarrassing mistake of showing up at the cash register without enough cash, and as a result I only pay with my Visa card. And I’ve been behind people who showed up without enough money. (I’ve paid the difference for such people, not out of generosity, but just to move the line along.)
Poverty produces the soul-destroying choice of what must I have and what must I do without. The middle-class learn to buy extra when standard items are on sale, or to buy the larger sizes which are usually (not always) a better deal. The poor do not have these options.
But this not what the Left is up to. The Left wants to drive gasoline prices so high that the private automobile becomes an untenable choice. At some point, the majority of Americans will become dependent on mass transit, mass transit supplied by the State: that is the end game. And gas is the thin edge of the wedge. At some point, if inflation is bad enough, all consumer goods must be rationed or subsidized, and the State becomes omnipotent.
Dissenters don’t get their subsidy – dissenters starve. No death camps required.
The economy is brisk on FJB stickers
Biden destroys the bridge to the economy.
Hunter’s paintings going up to 750k, illegal migrant settlements $ 600k. The FED is increasing to 24/7 operation to increase the money supply chain.
“No serious economist”
Translation:
“No in the tank economist”
He can say that because in this completely fraudulent misAdministration, there ARE NO serious economists.
Joe “Me,Kids And Bubble Baths Go Togather” Biden can say anything and the spineless complicit media wont call him on it. But they diagrammed every sentence President Trump spoke and even criticized him for using- of all the horrors, ketchup.
Brandon understands nothing.
Point your finger at so-called Dr. Jill for going along with this. Actually, potentiating it.
This is first degree felony elder abuse. The guy has nothing but spinal fluid between his ears.
Notwithstanding…#FJB with a 10 gauge bronze bore brush.
That was then this is now!
Fake president joe Biden liar corrupt looser,
“Economic Conquest” is explained , along with the use of subjective biological warfare (eliminate undesireables ) in a leaked think-tank paper called : ” Silent Weapons For Quiet Wars ”
May I suggest everyone read it , it’s not too long , and while it used to be called ‘conspiracy theory ‘ , any thinking person with even a grade school education will recognize its self evident truths.
” It’s a Cookbook “
Inflation is not transitory. Nor is higher % rates going to reduce it. Nor is spending more money and raising taxes. Inflation is being caused by the Green New deal. Higher energy is going up. And up. Wage growth is making it even worse. And as we all know, wage growth is a ratchet, it goes up, but never down, unless it is a depression.
I could go on and on, but these m*therf**kers are lying thru their teeth and the low information voters believe it.
Whatever those people say…just assume the exact opposite is the truth….you all know that.
Along with destroying our economy and all the good things Mr Trump actually accomplished for us, they want to stick their Marxist finger in our eye so it hurts real bad!
That subhuman creature he doesn’t know it yet but he’s got a lot of suffering coming.
And I suspect it will start here praying it’s soon and God will allow me to witness.
How close to 100% is it that if he did talk to a “serious” economist (in his mind) that one was a very sure of himself (he knows, he’ll be glad to tell you), Paul Krugman?
They should call Joe Biden “The Premature Demolition Man”
He demolished our economy in less than 9 months!
That demented old goat doesn’t understand anything, but he can still read a Teleprompter.
Create the problem, mandate solutions:
“So while we’re confident that isn’t what we are seeing today, we’re going to remain vigilant about any response that is needed”
Any response that is needed.
California had a recall election – didn’t work, but….
Can we have one too? Betcha we could do better.
Biden diagnosed the problems he sees:
The lack of affordable energy.
Runaway inflation.
The supply chain crisis.
Then forgets his administration caused all three, says he will do something about them; uh huh. The Biden administration, packed with Communist cabinet members, will do what they have always done, make the problems worse!
Biden isn’t making or coming up with policy. He doesn’t even know if he’s dressed or not. The evil people who are using Biden because he is expendable and won’t get uppity are the ones making policy.
biden is simply the convenient face who touts what they tell him to say, then is content if they give him ice cream, change his depends, and let him watch TV in bed during nap,time and the rest of the day.
When you look at that guy you realize that the entire planet has become a complete clown world.
Joementia has no idea what he said an hour ago, let alone from last year…He is CLEARLY UNFIT to be POTUS!!!!!!!!!!!!
FJB!…………….
Those illegals are gonna be pissed that the $450k ain’t enough.
Especially when they find out the majority of it goes to the lawyers!
(The real point was to encourage more illegals to come)
Here’s a discussion of how the QE post GFC (global financial crisis) has created a monetary paradigm shift where raising interest rates will cause inflation under the current monetary system. It’s an excellent watch and good explanation of how things changed.
Even if he did understand it, those who control him may very well not be opposed to it.
There might be an ‘infiltrator’ piggybacking on one of the above photos.
My anti-virus just made me nearly have a heart attack.
The whole point of the Biden admin (Obama and his people) is to make the public as uncomfortable, wanting and needy as possible. They could care less about who is suffering. That is what they want. They only have a short window of opportunity to make things as bad as possible so people will take to the streets. Only then can they declare marshal law, send in the military and VOILA they have their totalitarian state. If people figure out the elections WERE fraudulent, it reaches the Supreme Court finally. This could end their plan before people are mad enough to rebel.
Oh, ok. Because Biden says so, that must be what’s going to happen.
Said no one, ever.
Inflation: “Hold my beer.”
Unserious Economist = Paul Krugman
“Now, if you’ll excuse me… my team and I have an Afghanistan withdrawal and an economy to eff up.”
Once you get a follow-up question his que card is lost.
Jackass! Not to disparage real ones.