Well before Vladimir Putin ever invaded Ukraine the cognitively deficient U.S. President was already warning Americans about what he called a “transitory” increase in inflation.
Biden administration officials adopted the ‘transitory’ talking point and ran with it, often repeating the line during interviews and press briefings.
We’re now celebrating the one-year anniversary of the White House speech Biden gave to quell America’s concerns as consumer prices were creeping up, months before the war in Ukraine.
Now he’s eating his words.
The failing U.S. President was thinking politically when he wrongly predicted that skyrocketing inflation would only be “temporary” during a White House speech given one year ago.
“Our experts believe and the data shows that most of the price increases we’ve seen are – were expected and expected to be temporary,” Biden said on July 19th, 2021.
President Biden on inflation concerns: "Our experts believe, and the data shows, that most of the price increases we've seen were expected and expected to be temporary." pic.twitter.com/yzihZXZODu
— The Hill (@thehill) July 19, 2021
Biden then told reporters that “there’s nobody suggesting there’s unchecked inflation on the way – no serious economist.”
The Biden administration often used the “no serious economist” defense when reporters began raising concerns over skyrocketing inflation rates. This was one in a series of talking points appealing to authority figures and economic “experts” in an attempt to downplay the critical nature of Bidenflation.
The Consumer Price Index (CPI) rose 1.3% between May and June, bringing the CPI to 9.1% over the last 12 months.
To put those numbers into context, prices are now rising in one month as much as they were rising in a whole year when Biden took office.
The data has not prevented the White House from taking numerous victory laps on the economy nor has it prevented officials from blaming Putin.
Press secretary Karine Jean-Pierre claimed the U.S. was “stronger economically than we have been in history,” pointing to the 3.6% unemployment rate and 8.7 million post-COVID jobs, but all negative impact is somehow Putin’s fault.
Despite what the Biden administration claims, the American people are still being rattled by unprecedented economic insecurity due to historic rates of inflation and skyrocketing consumer prices.
To make matters worse, it’s become incredibly apparent that this specific economic downturn is being orchestrated by Biden officials in an effort to “transition” the U.S. economy into a ‘green’ globalist hellscape.
Author: Monica Hedren