http://twitchy.com/dougp-3137/2022/07/13/great-work-biden-chief-of-staffs-year-old-tweet-about-2022-inflation-has-aged-like-milk-in-the-summer-sun/
Today’s report shows that inflation hit a 40-year high in June:
U.S. consumer prices surged 9.1% in June, the largest annual increase in more than four decades amid stubbornly high costs for gasoline, food and rent, cementing the case for another 75-basis-point interest rate hike by the Federal Reserve this month.
The larger-than-expected increase in the year-on-year consumer price index reported by the Labor Department on Wednesday also reflected higher prices for healthcare, motor vehicles, apparel as well as household furniture. The CPI increased by the most in nearly 17 years on a monthly basis.
Let’s just say that’s quite a bit higher that the Biden White House’s June of 2021 “transitory” claim and prediction of what the inflation rate would be in 2022:
Ronald Klain (@WHCOS) ~ There are going to be transitory impacts of restarting an economy that was shut down.
But a key point in the Fed forecast today: inflation projected down to 2.1% in 2022.
5:21 PM · Jun 16, 2021
“Projected to 2.1 percent in 2022.” OK, when exactly can we expect that to happen?
kaitlin, by definition, a woman (@thefactualprep) ~ 9.1%, ronnie boy. 9.1%.
Jeff Mooradian (@JeffMooradian) ~ “Transitory,” huh? Looks like the adults back in charge only missed it by 7% in the wrong direction.
Kevin Dalton (@KevinForBOS) ~ You only missed it by 7% in the wrong direction, but other than that really great work here.
Aldous Huxley's Ghost™ (@AF632) ~
Is the Biden White House either intentionally gaslighting at any given time or as dumb as rocks? “A little of both” is certainly a possible answer.
The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence
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