Why does it seem the Biden administration is beginning to get frustrated by constant questions about the horrible economy when it’s the American people who are forced to deal with the economy who deserve to be frustrated?
The new White House press secretary was visibly and audibly annoyed on Monday when a reporter asked yet another question about Biden’s failed economy.
A slew of alarming economic data recently emerged signaling a likely recession thanks to Biden’s fiscal policies. The stock market, for example, is sliding down so low that many are considering it a ‘bear market’. Recently, certain conditions have caused many economists – including Obama’s chief advisor – to predict an incoming recession.
Jean-Pierre could not be bothered with questions about these economic setbacks and was visibly perturbed when Fox News’ Peter Doocy dared to question her on them.
“So, we know that — that higher prices are having a real effect,” Jean-Pierre responded. “We get that.”
“We are incredibly focused on doing everything that we can to make sure that the economy is working for every American,” she said.
Q: "What is the president's message to somebody who might wanna retire, but their 401k is getting wiped out?"
Karine Jean-Pierre audibly sighs, then says Biden is "incredibly focused" on the economy. pic.twitter.com/vd0TDUC58J
— RNC Research (@RNCResearch) June 13, 2022
Meanwhile, inflation is currently at a 41-year high, gasoline and food prices are breaking records, and the S&P 500 fell into bear market territory first thing Monday morning.
Now please inform us who exactly Biden’s economy is working for?
Despite the overwhelming outcry about the economy and Biden’s sinking approval rating, the White House maintains the U.S. is on the right path to handling inflation and still blames Vladimir Putin for each setback.
However, the data simply does not back up White House claims.
The GDP shrank in the first fiscal quarter of this year just as the Federal Reserve begins hiking interest rates. Biden’s only positive indicator of a growing economy is low unemployment, which would likely change if we fall into a recession.
Lest we forget, joblessness spiked to 10.8% during the 1982 recession as the Fed raised interest rates to combat inflation.
The Nasdaq index is now down more than 31% from the start of the year. The Dow Jones Industrial Average has not yet entered a bear market, but it was down about 2.5% on Monday and 16.3% since the start of the year.
Jean-Pierre must’ve found her performance on Monday unsatisfactory because she immediately jumped on a CNN interview to clarify her point. But again, she failed to do so.
Press Sec. Karine Jean-Pierre says America is "in a good historic economic place" after Don Lemon grills her on whether the Biden administration is to blame for rising inflation. pic.twitter.com/FPt4mp2AkE
— The Post Millennial (@TPostMillennial) June 14, 2022
Author: Monica Hedren