In the aftermath of the White House demanding that media pundits put a positive spin on economic news, the National Economic Council Chairman, Brian Deese, appears at the Brady Room podium today [Full Video Here] to put the finishing touches on their Potemkin village of economics.
The statistics cited by Deese were jaw dropping in the level of spin used to create them. First, the economic council cite their own national employment forecasts for economic recovery (under their ‘American Rescue Plan’), then celebrate they are ahead of schedule for a timeline they created.
When asked about inflation, Deese then proclaims he is not going to get into the business of economic predictions; which the media just accept without reminding him that his economic policies are entirely based on his own predictions… which he just cited in the prior moment of self-congratulation. Additionally, according to Deese (without any citation to demonstrate validity for his claim), the NEC Chairman says “real household income” is at its pre-pandemic level; which seems highly unlikely given the scale of inflation.
When asked if inflation will continue into next year, Deese refused to answer the question. Keep in mind, the discussion of inflation is a percentage of change from a previous price 12 months earlier. If an item doubles in price this year (from $2 to $4), and then goes up to $4.50 in the following year, you can claim that inflation is dramatically decreasing. However, that does not mean prices will ever return to the prior level, or that the next year price is any more affordable. WATCH:
The fact remains that White House energy, regulatory, fiscal and monetary policies are devastating for Main Street. All of those policies impact the domestic economy with increased costs from field to fork.
Cumulatively, all of the White House economic policies are increasing housing costs, transportation costs, medical costs, food costs, retail costs and service costs. At the same time, wages are only modestly rising to keep up with those massive cost increases. No amount of spin is going to stop the reality of the inflation storm from hitting U.S. consumers.
As we shared during the Obama-era baseline budget spending and deficit mess: “Half of something you just quadrupled is not less than you started with.”
Here’s the full press conference:
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Bottom line: The inflation number due tomorrow is again likely to show the aggregate level of compounded inflation in the supply chain. This is what the White House is trying to distract from.
That guy showed not one semblance of confidence.
he looks tired –
he makes me feel tired, looking at him
does not seem to have any razz-ma-tazz
whipped noodle might be the term you are looking for
you are right! that’s it!
More like he looks like a stupid condescending political POS
Apparently Jim Cramer is the new economic spokesperson for the Brandon Administration.
‘Strongest Economy I’ve Ever Seen… A Marvel to Behold’
https://www.mediaite.com/news/cnbcs-jim-cramer-gushes-over-new-numbers-strongest-economy-ive-ever-seen-a-marvel-to-behold/
He just destroyed all his financial credibility and he’s too stupid to realize it.
Your assuming he had any credibility to begin with.
Anyone who would make investment decisions based on anything he orcany other talking head says, deserve the losses they will inevitably get.
Sundance outshines not only the talking heads, but the governments “best” economic analysts, and its not even his field!
Right. Let’s invest with that guy.
Cramer also delivered an epic rant targeting anti-vaxxers. Perhaps he oughta get his head out of his put options.
Spin this;
pRESIDENT Brandon, with the media fully propping him up, has lower approval ratings then Nixon had, just before he left office after several years of relentlessly being villified by the media.
FLIP it; if Nixon were treated by the way the press is treating Brandon, to everyone the Watergate would just be a Hotel in D.C. and Deepthroat would just be a campy 70’s porno flic.
Either way you look at it, Brandon’s unpopularity can NOT be spun away,..it just can’t.
The unpopularity of his POLICIES, and the consequences of those policies, can not be spun away.
And since the consequences OF those policies are now ‘baked in’ so is his unpopularity.
Spinning ain’t gonna get them where they need to be.
Blaming Trump, OPEC or the Oil Companies,..ain’t gonna work, either.
Hence, DISTRACTION.
Omni variant fear porn, ain’t gonna work.
White Nationalist Domestic terrorists ain’t gonna work.
WAR with Russia,…or at least (they think) an escalating conflict with Russia, that can LOOK like we are headed to war, without actually GETTING there is now their fervent hope.
As an aside, every time I think about their false flag ops to justify the “white nationalist domestic terror threat,..I think about the attempt to kidnap Gov Whitless.
And I see a cartoon, person on a phone getting the kidnappers demands;
“O.k., but how much do we have to pay,..to NOT get her back?”
Persistant mental image, I get them some times.
They didn’t take into consideration the total lack of charisma The Potato and What’s her name have to push any of this sh!t.
You can only be TAXED if you SPEND. You can SPEND with no TAX. Libtards are really STUPID.
As in all totalitarian countries, a law is bearing down upon us that makes it illegal to report versions of the truth that do not serve the interests of the State. Call it sowing panic and fear, call it subversion, call it simply unpatriotic.
This is why our fascist/corporatist rulers must adopt nationalism and patriotism. Fascism is a fundamentally nationalist doctrine. Biden is failing because he is trying to please both his corporate masters and the far Left within his Party. Can’t be done.
I hate these people,,,
THEY are responsible period.
most politicians fall into this category.
Please correct me if I’m mistaken, but they read the tea leaves and gazed into a crystal ball and cobbled together some guesses about yet-to-be-seen national employment. Then, they cited these premonitions of future activity as actual evidence of economic recovery, and now they claim to be ahead of schedule on some vaporware recovery timeline they concocted. Talk about a self-licking ice cream cone!
If this is what passes for “informed analysis,” regardless of the topic, it’s no wonder this administration makes such downright dumb decisions.
He is obviously a political shill. Economics is clearly NOT his focus or field of expertise.
At this point, this is just par for the course. These positions have become nothing but meaningless titles assigned to useless people, based on woke qualifications that have nothing to do with the actual job titles. We are truly living in the age of the idiocracy.
I wish all citizens were accountants.
If the Wizard of Oz attempted to justify failing economic policies, the double-speak and straight-up refusal to answer questions would be his technique. Something this admin chooses in every situation. And if anyone has the nerve (Greta voice, “how DARE you!”) to press the question, they are rude and abusive (Sneering Psaki is a prime example).
This guy looks sick. He needs some sun.
I see he has his deep state blue tie on.
>which the media just accept without reminding him that his economic policies are entirely based on his own predictions…<
The journalists in the press room are overambitious and undereducated. They don’t really know anything except what they are told to write. They couldn’t get into any engineering, science, or math major, not a medical school nor law school. So they don’t know much, and the mandarins that Brandon sends to the podium are really not challenged. Naturally, they don’t remind this suit about any policies because they are not informed nor are they aware. Such is journalism today.
We had Peter Navarro Larry kudlow Steve mnuchin under Trump — now we have doofuses like this dope?
Biden voters do you watch and process this abject incompetence and stupidity?