What Does Data Say about the U.S.’ Economic Health?
Here are some facts. These are solid facts, and they speak for themselves. Pay close attention to them, and picture Biden laughing at you as your eyes read every word of the few lines that follow.
- US inflation data show that the consumer price index (CPI) rose to 6.2 per cent in October — a 30-year high on a year-on-year basis. The numbers were well above analysts’ expectations.
- According to data released last week, the core Consumer Price Index (CPI), rose 0.6% in October.
- The 0.6% monthly core CPI growth is higher than the 0.4% increase that economists predicted.
- Analysts expected the headline measure would come in at 5.8% over the last year, with core CPI up 4.3% for the year.
- Fuel oil prices increased 12.3% in October; up from 3.9% in September. Prices for new vehicles rose by 1.4% in October, while those of used vehicles increased by 2.5%.
What does Biden Think of the Inflation he has Birthed?
Joe Biden is too old to have sound, presidential opinion. It’s like – he is flowing on a fast-paced river without a life jacket, and the boat is simply out of his control. Still, he’s smiling and promising others on the boat that he’ll fix the problems he created himself. Take for instance his take on inflation and the borderline economic crisis that the United States is facing.
“Too many people remain unsettled about the economy, and we all know why. They see higher prices. They go to the store or go online, they can’t find what they always want, and when they want it. We’re tracking these issues and trying to figure out how to tackle them head on.”
Do you see what Joe Biden did here? He blamed American citizens for…wait for it…panicking because they have no money and the shops have no stocks and the available stocks are simply too damn costly. How’s that?
This is the lowest at which no American president has ever stooped down to. Blaming Americans for creating a false sense of inflation, even while data suggests that it is the Biden administration’s ridiculous policies that have caused it is a direct consequence of the Democrats’ control over media and the narrative.
Guess what Democrat Poodles NYT and Washington Post are Saying?
- Stop whining about the economy. It’s going to be fine.
- This is not inflation. This is a phase. Joe Biden will rescue America.
- For the time being, eat less, spend less and live an austere life.
- People need to stop making knee-jerk comparisons.
The New York Times went on to say, “But people making knee-jerk comparisons with the 1970s and screaming about stagflation are looking at the wrong history. When you look at the right history, it tells you not to panic.” And what about the recent inflation data? Oh, that! Worry not, NYT has got that covered too with a mighty explanation. Here it is: “About Wednesday’s price report: It looked very much like the classic story of inflation resulting from an overheated economy, in which too much money is chasing too few goods.”
In a piece by the Washington Post, the title itself read, “Inflation is manageable. Inflation panic is not.” So, according to the Washington Post, inflation is not the problem. However, panic related to inflation among Americans is the most fundamental problem plaguing U.S.’ society right now.
Opinion: Don’t rant about short-staffed stores and supply chain woes. Try to lower expectations. https://t.co/3CLpV5HXbG
— The Washington Post (@washingtonpost) October 19, 2021
A contributor for New York Times, Sarah Jeong raised the bar very high. On Twitter, this white-hating bigot said, “All the stuff you see about inflation in the news is driven by rich people flipping their shit because their parasitic assets aren’t doing as well as they’d like and they’re scared that unemployment benefits + stimmy checks + 15 minimum wage + labor shortage is why ~[just my thoughts]~”
all the stuff you see about inflation in the news is driven by rich people flipping their shit because their parasitic assets aren’t doing as well as they’d like and they’re scared that unemployment benefits + stimmy checks + 15 minimum wage + labor shortage is why ~jmt~
— sarah jeong (@sarahjeong) November 17, 2021
This Tweet is a failure to comprehend basic economics. Rich people are far less impacted by inflation than poor people because rich people spend a comparatively smaller amount of their income on products. Inflation is a massive default tax on the poor. https://t.co/ax0OL3k9lf
— Clay Travis (@ClayTravis) November 17, 2021
Essentially, left-leaning, Democrat-friendly media has come to Joe Biden’s rescue once again. What an absent-minded Biden said about inflation at Baltimore has been turned into the most powerful defence of the current administration by mainstream media. They believe that inflation is not real, but panic related to it is. So, it’s the fault of Americans that they are scared of high prices.
The media’s will to defend Biden comes at a time when even the man’s mentor – Barack Obama has abandoned him. Obama’s team has drilled the Biden administration for not paying heed to its warnings about “shovelling an unprecedented amount of spending” into an already-recovering economy. Now, Biden is left all alone with the New York Times and the Washington Post as his only remaining loyalists.