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The Job Creators Network's (JCN) latest Times Square billboard calls out President Joe Biden and his administration's false and misleading statements about inflation being nine percent when he took office.
The post Job Creators Network Hammers Biden’s Bogus Inflation Numbers With Massive Times Square Billboard appeared first on Breitbart.
American progressives are in a state of high dudgeon, gnashing their teeth at the realization that the American people favor Donald Trump's economy over Joe Biden's.
The post Breitbart Business Digest: The Real Reason Americans Prefer Trump’s Economy to Biden’s appeared first on Breitbart.
Walmart is reporting an increase in sales as shoppers have reportedly been buying more groceries due to rising fast food prices.
The post Report: Walmart Sees Increase in Sales as Shoppers Buy More Groceries over Rising Fast Food Prices appeared first on Breitbart.
During an interview with Bloomberg on Thursday, JPMorgan CEO Jamie Dimon stated that he sees “a lot of inflationary forces in front of us” including “the green economy, the remilitarization of the world, the infrastructure requirements, the restructuring of trade,
The post Dimon: ‘Green Economy’ Is Inflationary appeared first on Breitbart.
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Jerome Powell might want to look away from the stock market. It's making a mockery of the idea that financial conditions are sufficiently restrictive.
The post Breitbart Business Digest: Dow 40,000 appeared first on Breitbart.
On Wednesday’s broadcast of the Fox News Channel’s “Special Report,” Rep. Dean Phillips (D-MN) stated that President Joe Biden needs “a major course correction, acknowledgment of inflation, the immigration crisis, and real attention to addressing both of those issues,” and
The post Dem Rep. Phillips: Biden Needs ‘Major Course Correction,’ ‘Real Attention’ on Fixing Inflation, Border or Face ’24 ‘Wipeout’ appeared first on Breitbart.
The White House says that you shouldn't take Joe Biden literally when he says inflation was nine percent when he took office—and tries to dodge responsibility for the price surge that has plagued his presidency.
The post Fact Check: White House Tries to Justify Biden’s Lies on Inflation appeared first on Breitbart.
One month's worth of data does not make a trend—unless it fits the consensus narrative that the Fed is going to cut interest rates a few times this year.
The post Breitbart Business Digest: Fed Is Still Not Cutting in September appeared first on Breitbart.
The National Institute of Statistics and Census of Argentina (INDEC) announced on Tuesday that inflation in Argentina continued its downward trend in April, reaching an 8.8 percent rate that month and dropping to a single digit for the first time in six months.
The post Argentina: Inflation Drops to 8.8%, Reaching Single Digits for First Time in 6 Months appeared first on Breitbart.
Home builder sentiment unexpectedly turned negative in May as high rates and new regulations hit the sector.
The post Lack of Progress on Inflation Pushes Homebuilder Sentiment Back Into Negative Territory appeared first on Breitbart.
Families racked up credit card debt and went into delinquencies at an increased rate since the pandemic, the New York Fed found Tuesday.
The post New York Fed: Credit Card Delinquency Spikes as Costs Soar Under Joe Biden appeared first on Breitbart.
The historically high inflation under President Joe Biden’s watch is “pushing small business to the brink,” Job Creators Network President Alfredo Ortiz writes in an op-ed at The Hill.
The post Alfredo Ortiz: Biden’s Inflation Is ‘Pushing Small Businesses to the Brink’ appeared first on Breitbart.
Actor John Leguizamo wants Latinos to stop blaming President Joe Biden for the economy, telling them to instead blame record-high consumer prices on COVID and Trump.
The post John Leguizamo Scolds Latinos Blaming Biden for Economy appeared first on Breitbart.
On Tuesday’s broadcast of CNN’s “AC360,” CNN Senior Political Commentator and former Obama adviser David Axelrod stated that while democracy issues are important, “if you’re sitting around the kitchen table talking about democracy and the future of democracy, it’s [probably]
The post Axelrod: Biden Is Self-Congratulating, Not ‘Advocating for People in a Tough Economy Because of the Inflation’ appeared first on Breitbart.
During an interview aired on Tuesday’s broadcast of NPR’s “Morning Edition,” U.S. Trade Representative Amb. Katherine Tai responded to concerns that the Biden administration’s China tariff regime, which includes keeping tariffs from the Trump administration, will be inflationary by stating that
The post U.S. Trade Rep. on Keeping Trump Tariffs: Studies Showed They Weren’t Inflationary appeared first on Breitbart.
On Tuesday’s “PBS NewsHour,” Treasury Secretary Janet Yellen predicted that President Joe Biden’s tariffs won’t cause any meaningful price increases for typical families and responded to a question on her criticism of the Trump tariffs as “taxes on consumers” by
The post Yellen on Calling Trump Tariffs ‘Taxes on Consumers’: Biden’s Are ‘Targeted’ appeared first on Breitbart.
CLAIM: President Joe Biden claimed during an interview with Yahoo Finance that inflation was nine percent when he took office in January 2021.
The post Fact Check: Joe Biden Claims Inflation Was at 9% When He Took Office, Again appeared first on Breitbart.
Jerome Powell still stubbornly resists the idea that the Fed's next move may be a hike rather than a cut.
The post Breitbart Business Digest: Powell Still Won’t Admit Rate Hikes Might Be Coming appeared first on Breitbart.
The producer price index shows that inflation accelerated significantly in April.
The post Inflation Inferno: Producer Price Index Shows Prices Rising Much More Than Expected appeared first on Breitbart.
During an interview aired on Monday’s “PBS NewsHour,” Democratic U.S. Senate candidate Rep. Elissa Slotkin (D-MI) stated that abortion “is the most profound kitchen table issue that we have. It’s not separate from inflation. It’s not separate from the economy.”
The post Dem Rep. Slotkin: Abortion Is ‘Most Profound Kitchen Table Issue’ ‘It’s Not Separate from Inflation’ and Economy appeared first on Breitbart.
During an interview with Bloomberg on Monday, Treasury Secretary Janet Yellen responded to polling data on the economy and falling consumer sentiment by stating that “the cost of living in many areas is very high. And it is a concern
The post Yellen on Polls, Falling Sentiment: ‘Cost of Living in Many Areas Is Very High’ appeared first on Breitbart.
During an interview with Bloomberg on Monday, Treasury Secretary Janet Yellen commented on President Joe Biden’s reported forthcoming announcement of increased tariffs on China by stating that the move is being made because President Joe Biden wants to protect “the
The post Yellen: We Need Tariffs to Protect ‘Stimulus’ from ‘Inflation Reduction Act’ appeared first on Breitbart.
Mothers are back to work in droves in Biden's inflated economy after the government shuttered businesses and closed schools during the pandemic.
The post U.S. Department of Labor: More Mothers Working Than Before Pandemic appeared first on Breitbart.
Gen Z is struggling financially with low income and higher debt-to-income ratios than Millennials did when they were their age, according to a recent study.
The post Report: Gen Z Struggling with Low Income, Higher Debt-to-Income Ratio Compared to Millennials appeared first on Breitbart.
President Joe Biden's policy of mass migration is forcing up housing inflation, so pushing up interest and mortgage rates, according to a report in the Wall Street Journal.
The post Wall Street Journal: Biden’s Migration Spikes Interest, Mortgage Rates appeared first on Breitbart.
Former President Donald Trump referenced his famous words from The Apprentice, a reality television show that aired between 2004 and 2017, saying when he won the 2024 presidential election, he would tell President Joe Biden he was "fired."
The post Donald Trump Says He’s Going to Tell Joe Biden: ‘You’re Fired’ appeared first on Breitbart.
There's really no mystery why so many people are unhappy with the Biden economy.
The post Breitbart Business Digest: One Chart Shows Why So Many People Hate the Biden Economy appeared first on Breitbart.
On Wednesday, President Joe Biden took the very unusual step of submitting to an interviewer who was an actual journalist (not like Howard Stern or Drew Barrymore). It wouldn’t be long before he started mangling his record—and Donald Trump’s.
CNN reporter Erin Burnett began with how Trump’s promises of new jobs in Wisconsin didn’t come true: “Why should people here believe that you will succeed at creating jobs where Trump failed?” Biden bragged: “He’s never succeeded in creating jobs, and I have never failed. I have created over 15 million jobs since I have been president.” He did it all by himself! He claimed that other than Herbert Hoover, Trump’s “the only other president who lost more jobs than created in his four-year term.”
There’s a massive asterisk; namely, the global COVID-19 pandemic. Trump’s employment record in the first three years of his presidency was strong. The raw number of employed Americans reached records. In October 2018, it had reached more than 156.6 million. The unemployment rate hit record lows across demographics—for women, blacks, Latinos, Asians, and youth.
Obviously, the severe lockdowns during the pandemic—most aggressively pushed by the Democrats and their media allies—drove massive job losses. Nonfarm payroll employment in the United States declined by 9.4 million in 2020. So, Democrats blame that on Trump, and when the pandemic was over, they took credit for the economy climbing out of that hole.
But that wasn’t Biden’s worst mangle. He claimed to CNN that “no president’s had the run we have had, in terms of creating jobs and bringing down inflation. It was 9% when I came to office, 9%.”
That’s ridiculous! It’s a baldfaced lie. Inflation was 1.4%, again, due to the pandemic. Burnett didn’t check his facts, during or after the interview. She pushed him to acknowledge inflation was bad, but she didn’t suggest he was lying.
Fox News contributor Joe Concha tweeted: “And of course, CNN makes sure its pious fact-checker is nowhere to be found afterward.”
And of course, CNN makes sure its pious fact-checker is nowhere to be found afterward… https://t.co/1lgapFWYgp
— Joe Concha (@JoeConchaTV) May 9, 2024
That would be Daniel Dale, who’s almost entirely deployed on TV to “fact-check” Trump. Since Trump’s Manhattan trial began in mid-April, Dale has appeared nine times to “check” him. He has not appeared to check anyone else. On April 18, Jake Tapper said, “He’s handy to have around at times like this.”
Some of these fact checks are “brag checks.” Trump will say he’s ahead in all the polls, when he’s ahead in most polls. But Dale sounds most exasperated when Trump blames Biden for his legal troubles. On April 18, Dale decried “his false conspiracy theory that essentially that Joe Biden is behind this case, which was brought by a locally elected district attorney.”
Dale can’t even disclose that District Attorney Alvin Bragg is a Democrat. He acknowledged Trump’s lead prosecutor, Matthew Colangelo, was a Biden Justice Department official, and then joined Bragg’s team. A “conspiracy theory” between Democrat lawyers looks obvious here and declaring it “false” is a lame spin.
On Tuesday, Dale threw a penalty flag at Trump for saying Bragg is a “Soros-backed” prosecutor—and Trump didn’t say that in the remarks they’d just aired. Dale turned on the spin machine by saying leftist billionaire George Soros is “a frequent target of antisemitic conspiracy theories” and then claimed “at best” the money was indirect: Soros donated to the Color of Change PAC, and then the PAC backed Bragg.
If a conservative DA received big money from a pro-Trump PAC, CNN would call him or her “Trump-backed” without hesitation. CNN deploys Dale not as a “fact-checker” as much as a spin spoiler.
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The Daily Signal publishes a variety of perspectives. Nothing written here is to be construed as representing the views of The Heritage Foundation.
The post CNN Fails to Fact-Check Biden’s Falsehood-Filled Interview appeared first on The Daily Signal.
The British economy bounced back strongly in the first three months of the year, bringing to an end to the technical recession.
The post UK Economy Leaves Recession With Stronger Than Expected Growth, Office For National Statistics Says appeared first on Breitbart.
The specter of inflation haunts the corridors of the West Wing, and the Biden administration's every attempt to exorcise the poltergeist of rising prices only deepens the grip of its possession.
The post Breitbart Business Digest: Inflation Tightens Its Grip on Biden’s Re-Election Prospects appeared first on Breitbart.
Joe Biden’s disastrous economic policies mean young people are saddled with more credit card debt than previous generations.
The post Nolte: Bidenomics Sinks Gen Z Even Deeper into Unprecedented Debt appeared first on Breitbart.
President Joe Biden falsely alleged Wednesday on CNN that inflation was nine percent when he "came into office."
The post Fact Check: Joe Biden Falsely Claims Inflation Was 9% When He Took Office appeared first on Breitbart.
During a portion of an interview with CNN set to air on Wednesday’s broadcast of “OutFront” that was aired on Wednesday’s broadcast of “The Lead,” President Joe Biden responded to a question on increasing home costs, falling real income, economic
The post Biden on Falling Real Income: ‘We’ve Already Turned’ Economy Around appeared first on Breitbart.
During an interview aired on Wednesday’s broadcast of CNN’s “OutFront,” President Joe Biden stated that while “corporate greed” has caused an increase in the amount of money people have to spend on groceries and people feel real pain from the
The post Biden: There’s ‘Corporate Greed,’ But People ‘Have the Money to Spend’ on More Expensive Groceries appeared first on Breitbart.
During a portion of an interview with CNN set to air on Wednesday’s broadcast of “OutFront” that was aired on Wednesday’s broadcast of “The Lead,” President Joe Biden stated that no one has ever “had the run we’ve had in
The post Biden: I’ve Had Best Run of Creating Jobs and Lowering Inflation Ever, ‘It Was 9% When I Came Into Office’ appeared first on Breitbart.
The Fed and many on Wall Street assume that the villain of excess saving has been put to rest. Don't be so sure.
The post Breitbart Business Digest: There’s Still a Big Hidden Force for High Inflation in the Economy appeared first on Breitbart.
According to far-left Axios, if former President Trump wins reelection, his proposed economic policies “could reignite inflation.”
The post Nolte: Far-left Axios Spreads Hoax that Trump Policies Could ‘Reignite’ Inflation appeared first on Breitbart.
If you can slow down the housing market, you can probably slow down the economy and reduce inflation.
The post Breitbart Business Digest: The Housing Market Shows Interest Rates Are Too Low appeared first on Breitbart.
Portfolio manager Steve Eiseman expects Donald Trump will raise tariffs on China but called claims that this would cause inflation "ridiculous."
The post Trump Tariffs Drive Inflation? Big Short’s Steve Eisman Says That’s ‘Ridiculous’ appeared first on Breitbart.
The strength of the housing market suggests that a lack of housing supply, high levels of immigration, and increased demand from remote work may mean interest rates need to go higher to reduce inflation.
The post Fed President Kashkari Warns Rates Might Not Be High Enough appeared first on Breitbart.
Somebody forgot to tell corporate America that the stance of monetary policy is restrictive.
The post Breitbart Business Digest: Corporate Profits Say No to Rate Cuts appeared first on Breitbart.
A poll shows that more Americans trust former President Donald Trump over President Joe Biden on the handling of inflation and the economy.
The post Poll: More Americans Trust Trump over Biden on Economy, Inflation appeared first on Breitbart.
On Friday’s broadcast of HBO’s “Real Time,” host Bill Maher stated that voters who aren’t talking about democracy and are worried about the cost of living instead “need to be slapped up the head,” because the democracy issue is important
The post Maher: People Not Worrying About Democracy Due to Inflation ‘Need to Be Slapped up the Head’ appeared first on Breitbart.
During an interview with CBS on Friday, White House Council of Economic Advisers Chair Jared Bernstein responded to a question on how long it will take prices to drop if President Joe Biden is re-elected by stating that we have
The post White House on When Prices Will Drop if Biden’s Re-Elected: We’ve Cut Some Costs appeared first on Breitbart.
On Friday’s broadcast of NewsNation’s “The Hill,” White House Senior Adviser Gene Sperling discussed the recent jobs report and stated that things are “not good enough, because people are still facing too high costs in their family and personal lives.
The post White House: We Have Job Market That’s ‘Better Than Even a Soft Landing’ appeared first on Breitbart.
The Federal Reserve admitted yesterday that progress on inflation has stalled and that it will take longer for the Fed to achieve the confidence it needs to cut interest rates.
The post Breitbart Business Digest: The Fed Finally Realized Progress on Inflation Has Stalled appeared first on Breitbart.
President Joe Biden's mass migration is boosting inflation, chiefly by raising housing prices, according to the Economist, a U.K.-based pro-globalism magazine.
The post Globalist Magazine Admits Joe Biden’s Migration Spikes Inflation appeared first on Breitbart.
The vast majority of respondents in a YouGov/Economist poll believe that President Joe Biden's America is "out of control."
The post Poll: Nearly Seven in Ten Think Joe Biden’s America Is ‘Out of Control’ appeared first on Breitbart.
The Fed chair does not see a rate hike coming but he acknowledged that recent setbacks on inflation mean the current rate policy will last for longer than anticipated.
The post Powell Says A Fed Hike Is ‘Unlikely’ But Wait For Cuts Will Take Longer appeared first on Breitbart.
Donald Trump is expected to lay out the horrible effects Bidenflaiton has had on Wisconsin families at a rally in Waukesha on Wednesday.
The post Donald Trump at Rally: Wisconsin Families on Average Lost $20K-$30K Due to Bidenflation ‘Tax’ appeared first on Breitbart.
Federal Reserve officials agreed on Wednesday to hold interest rates steady for the sixth consecutive meeting, signaling that it is willing to keep rates at the highest level in more than two decades for longer than previously expected and noting that progress on bringing down inflation has stalled.
The post Fed Keeps Rates Unchanged, Noting Progress on Inflation Has Stalled appeared first on Breitbart.
A rare miss on profits for the fast-food chain.
The post McDonald’s Earnings Dragged Down By Inflation And Israel-Hamas War Boycotts appeared first on Breitbart.
As the evidence keeps pouring in that the U.S. is still mired in an inflationary economy, the possibility that the Federal Reserve will be forced to increase interest rates can no longer be ignored.
The post Breitbart Business Digest: It’s Time for the Fed to Start Talking About Hikes appeared first on Breitbart.
Despite the Biden administration's attempts to convince Americans that the economy is improving, consumer confidence has been sliding for the last three months.
The post Consumer Confidence Unexpectedly Slumps To Lowest Level In Nearly Two Years appeared first on Breitbart.
The odds of a Fed cut are evaporating amid the blaze of hotter than expected inflation figures.
The post U.S. Labor Costs Jump, Indicating Rising Inflationary Pressures appeared first on Breitbart.
Former President Donald Trump has opened his biggest lead ever captured in the CNN poll of the American electorate, enjoying a six-point advantage over incumbent Democrat President Joe Biden.
The post Donald Trump Takes Biggest Lead Ever over Joe Biden in CNN Poll, Third-Party Candidates Expand Trump Lead appeared first on Breitbart.
On Friday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” Deputy Treasury Secretary Wally Adeyemo commented on the PCE inflation report and stated that inflation has dropped and they expect it to continue to do so and that
The post Deputy Treasury Sec’y: Biden Helped Lower Inflation, But Food Companies Are Gouging appeared first on Breitbart.
On Friday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers Chair Jared Bernstein reacted to the March PCE report that showed the yearly PCE inflation rate increasing with the annual core rate holding steady along with
The post White House on PCE Inflation Increase: ‘Nice to Hit the Expectations’ — Expect ‘Bumpy Path Down’ to Target Rate appeared first on Breitbart.
Rising inflation has led consumers to rethink the idea that inflation was going to come down a lot this year.
The post Consumer Inflation Expectations Unexpectedly Climb appeared first on Breitbart.
The PCE index shows that progression on bringing down inflation has stalled.
The post Fed’s Preferred Inflation Gauge Show Prices Rising Sharply appeared first on Breitbart.
It is unlikely that the Fed will cut rates at all this year; and, if inflation stays hot, it may find that it will need to begin a new cycle of rate hikes sometime next year.
The post Breitbart Business Digest: There Are No Fed Cuts Ahead This Year appeared first on Breitbart.
The pace of economic growth in the first three months of the year was far more sluggish than anyone expected—and inflation was much higher.
The post Breitbart Business Digest: Inflation Is Too Hot for the Fed to Cut Despite Sluggish Growth appeared first on Breitbart.
On Wednesday’s broadcast of CNBC’s “Squawk Box,” Professor of the Practice of Economic Policy at Harvard University and the Harvard Kennedy School Jason Furman, who served as Chairman of the Council of Economic Advisers under President Barack Obama and on the
The post Fmr. Obama Adviser: The Goal of Biden Loan Plan Will Increase Interest Rates, Inflation, Mortgage Rates appeared first on Breitbart.
A whopping 85 percent of New Yorkers said the cost of food is rising faster than their income in a poll released Tuesday.
The post Poll: 85% of New Yorkers Say Grocery Costs Are Rising Faster than Their Income appeared first on Breitbart.
President Joe Biden's approval rating is deep underwater on what Americans rated as their top two issues in an Economist/YouGov poll.
The post Poll: Biden Deep Underwater on Top Issues of Inflation, Immigration appeared first on Breitbart.
Money printer go brrrrrrrrrrrrrrr
The post Bidenflation Warning: Money Supply Surges To Highest Level In Over A Year appeared first on Breitbart.
Almost 38 percent of renters in the United States do not believe they will ever be able to call themselves homeowners, per a survey.
The post Survey: Nearly 38 Percent of U.S. Renters Do Not Believe They Will Ever Be Homeowners appeared first on Breitbart.
Argentine President Javier Milei announced that Argentina registered a 0.2 percent surplus of its GDP for the first time since 2008.
The post Javier Milei Announces First GDP Surplus for Argentina Since 2008 appeared first on Breitbart.
Breitbart Economics Editor John Carney is calling for a national Inflation Day protest this June to demand policy change on the most pressing issue for Americans.
The post Carney on ‘Kudlow’: We Need a National Inflation Day Protest This June appeared first on Breitbart.
Perhaps if we started an Inflation Day movement, more attention could be drawn to the fact that rising price levels are the results of public policy choices.
The post Breitbart Business Digest: Earth Day Is Over. Let’s Talk About Inflation Day. appeared first on Breitbart.
The already insane cost of purchasing a home has hit a new high, thanks to the ongoing horror show that is Bidenomics.
The post Nolte: Bidenomics Drives House Prices to Another Record High appeared first on Breitbart.
President Biden signature issues are ranked low among Americans' national concerns.
The post Earth Day: Americans Are Far More Worried About Bidenflation Than Climate Change appeared first on Breitbart.
The country is not moving in the right direction, and the economy is a major a factor. But the legacy media is focused on wall-to-wall coverage of he who is known as “The Bad Orange Man.”
The post Breitbart Business Digest: Trump Trial Isn’t Distracting Americans from the Ravages of Bidenomics appeared first on Breitbart.
Fast food prices in California jumped during the six-month period before the Democrat-run state mandated a $20 minimum wage for the industry.
The post Study: Democrat-Run California’s Fast Food Prices Jumped Seven Percent Prior to $20 Minimum Wage appeared first on Breitbart.
On Thursday’s broadcast of the Fox News Channel’s “Your World,” Minneapolis Federal Reserve Bank President Neel Kashkari stated that stimulus spending was “a contributor to the high inflation that we’ve seen.” And “the spending on infrastructure, the spending on new chip
The post Minneapolis Fed Pres: Biden Spending on Chips, Infrastructure ‘Is Inflationary’ and There Are ‘Cross-Purposes’ appeared first on Breitbart.
As is so often the case with Bidenomics, even good news is bad news because of the upward inflationary pressure.
The post Breitbart Business Digest: Good News Is Bad News in Biden’s Economy appeared first on Breitbart.
A Whole Foods shopper shared her frustration at reportedly paying $7 for an apple as people across America struggle with inflation.
The post WATCH — ‘Guess How Much’: Whole Foods Shopper Claims Apple Costs $7 Due to Soaring Inflation appeared first on Breitbart.
During an interview with Nexstar Media that took place on Tuesday and was released on Wednesday, President Joe Biden stated that inflation “is being stubborn and not going down to the 2% we need. But, it’s significantly different,” than where
The post Biden: Inflation ‘Is Being Stubborn’ — Things Like Junk Fees Are What ‘Really’ Impact People appeared first on Breitbart.
The latest edition of the Beige Book provides far more red flags than silver linings.
The post Breitbart Business Digest: Beige Book Provides Gloomy Outlook for U.S. Economy appeared first on Breitbart.
Actor John Leguizamo isn't happy that former President Donald Trump is gaining ground with Hispanic voters.
The post John Leguizamo Whines that Trump Is Gaining with Hispanics, Admits Inflation Is ‘Bad Right Now’ appeared first on Breitbart.
Jerome Powell spoke today from our nation's capital and indicated what we all know to be true: The Fed has no business cutting rates at this time.
The post Breitbart Business Digest: Powell Speaks and States the Obvious—No Rate Cuts Are Coming appeared first on Breitbart.
In Cole Porter’s “Miss Otis Regrets,” the heroine announces that she’s unable to lunch today. Why? She has a good excuse — because she was strung up by a mob for killing “the man who had led her so far astray.”
Now Ms. Yellen regrets. Janet Yellen holds the venerable office of Secretary of the Treasury. Former chairman of the Federal Reserve, Yellen is well qualified for the job and an ostensibly serious person. Yet she has proved unfit for the office, regurgitating administration talking points with an utter lack of seriousness. Inflation — she declared in 2021 that it was “transitory.” Abortion — restricting it would be “very damaging” to the economy. By contrast, she supports the administration’s gusher of “green” spending as constructive. ‘S wonderful.
Ms. Yellen regrets she has revealed herself to be a political hack. “I regret saying [inflation] was transitory,” Yellen said in a March 13 interview on Fox News. “It has come down. But I think transitory means a few weeks or months to most people.” Three years later, it might be worth asking what “transitory” means to her and who suggested she use the term in coordination with the other occupants of the Biden administration clown car.
When Yellen adopted the administration line on inflation being “transitory,” nobody had led Yellen astray. She killed her own reputation. However, she is also able to lunch today. Why anyone should even believe anything she says is not exactly a riddle wrapped in a mystery inside an enigma. No one should.
Joe Biden is delivering his State of the Union speech tonight. Apparently he will chide Americans for not appreciating his wonderful economy; declining real wages will not be mentioned. He will denounce “shrinkflation,” as though people are too stupid to know inflation when they see it. Nor will Biden mention the eight million or so illegals who have streamed across the border, wreaking havoc, since he opened it.
Biden has always been mean-spirited. He is a nasty person, and always has been. Take, for example, his recent interview in the New Yorker. The interview is replete with Biden’s trademark classlessness, but take just one example: his smearing of Justice Thomas:
In a concurring opinion on Dobbs, Justice Clarence Thomas argued that the legal rationale for overturning Roe could be applied to “correct the error” in cases on same-sex marriage, the decriminalization of homosexuality, and access to contraception. I asked Biden if he thought that the Justices would undo those protections. “I don’t think there’s a majority to go there,” he said, but added, “I think that a couple on the Court would go considerably further”—specifically “the guy who likes to spend a lot of time on yachts.”
“Thomas?” I asked.
Biden grinned.
Those familiar with Thomas’s history will appreciate the absurdity of describing him as a yachtsman. He is better known for driving around America in an RV. But in any event, it is Biden–not Thomas–who has enriched himself and his family to the tune of many millions of dollars through influence peddling. Worst of all, he peddled his influence to powers hostile to America. It takes a lot of nerve for Joe Biden to sneer at the Court’s foremost intellectual for accepting a ride on a boat.
But that is Joe Biden: mean-spirited, through and through.
Jeffrey Anderson presents a comparative analysis of presidents and inflation. The mainstream press to the contrary notwithstanding, he explains what Biden has done to make us feel so black and blue. It’s not our imagination. It’s the inflation, stupid! See his City Journal column “No great mystery.” Anderson manages to review the data and perform the analysis with a sense of humor.
The daycare minders at the White House have persuaded Biden to single out “shrinkflation” as the villain. However, “shrinkflation” reflects “inflation.” It is a manifestation of rising prices. Sentient observers understand that Biden economic policies have triggered the inflation that we have suffered, just as they understand that Biden’s senescence has slowed the windmills of his mind. Biden trusts we won’t notice he indicts himself when he decries “shrinkflation.”
Biden’s daycare minders take us for fools. Thus the administration’s critique of Republicans for causing the invasion of illegals that Biden invited, facilitated, and denied. They think we are stupid.
We hear that Biden threatens to point the finger at alleged corporate wrongdoing as the source of our pain in tonight’s State of the Union address. For some reason or other this wave of alleged wrongdoing has run riot under the regime of…Joe Biden. It was somehow held in check under the regime of…Donald Trump. James Bovard seeks to immunize us against the foolishness of the Biden party line in his New York Post column “Joe Biden’s State of the Union ‘shrinkflation’ swindle.”
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