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Reply to "U.S. Annual Inflation rose to 6.8% in November - the highest in 40 years"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Fed dropping 3 interest rate hikes w/ bigger than expected tapering moves. Hopefully the FED gets it right or there will be a recession . [b]Jen really needs to stop promulgating the story that this is 'transitory'. That fairy tale story is over.[/b] [/quote] That is the big problem with the Biden administration. They're just not honest in the face of overwhelming evidence. And when pressed into a corner they make waspish comments about having to miss out on a treadmill (WTF?). No one likes or believes this kind of contemptuous spin. And it's a Marie Antoinette let them eat cake attitude that turns off so many people. We're a long way from Bill Clinton's "I feel your pain" that at least showed an acknowledgement of economic problems. [/quote] Definitely. I voted for Biden and think Psaki is the most skillful Press Secretary I've ever seen - nevertheless his team really comes off as smug and more insulated than even the Obama administration and that's saying something. I watch them and it feels like they live in a platinum (not ivory) tower away from the rest of the country and don't understand the every day ramifications of their polices EVEN IF the policies have good intentions or will be excellent in the long run. No one wants to suffer under 'transitory' inflation for 3 years knowing that in 10 years the polices will pay off. F that. Give me normalcy.[/quote] But that’s not fair. She openly and clearly identified the cause of inflation during the Wednesday presser: - current inflation is caused by the meat conglomerate. Case closed : - )[/quote] Will people in the future use 'Jen Psaki' as a byword for a certain cluelessness just as we use Marie Antoinette? [/quote]
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