February 8, 2023

Joe Biden Not Worried About Inflation or Stock Market Plunge: ‘We’re Going to Be Fine’

President Joe Biden shrugged off the latest unexpectedly high inflation numbers on Tuesday even as they triggered a sudden plunge in the stock market. “I think we’re going to be fine,” Biden told reporters Tuesday night when asked about the disappointing data release earlier in the day. The president spoke briefly to reporters after traveling

Carney on ‘Kudlow’: The Big Biden ‘Lie That Got Us Inflation’

“This is the lie that got us inflation,” Breitbart Economics Editor John Carney said in response to President Joe Biden’s remarks on Wednesday touting his administration’s spending policies and dodging any blame for inflation. Carney appeared on Larry Kudlow’s eponymously named Fox Business show on Wednesday following Biden’s first press conference after Tuesday’s midterm elections.

Americans Fear Inflation Will Worsen if Democrats Control Congress After Election 

Americans fear rising costs will worsen if Democrats retain control of Congress after the midterm election, an Axios-Ipsos poll found over the weekend. Experts project inflation will cost American families $5,520 in 2022. Since the Democrats assumed control of the legislative and executive branches of government, Americans have lost $4,200 in annual income, a recent Heritage Foundation study shows. Sixty-one percent of general

Nevada Trump Rally: Joe Lombardo, Adam Laxalt Hammer Democrat Opponents Over Skyrocketing Inflation

Nevada Republican gubernatorial candidate Joe Lombardo and U.S. Senate candidate Adam Laxalt slammed their Democrat opponents for the state’s nearly 16 percent inflation while speaking to an energized crowd during a Trump rally in Minden, Nevada, on Saturday evening. “If we do not finish this red wave off in 2src22, we’re just going to be California,”

Inflation Surges Higher in Importance for Black and Hispanic Americans

Inflation is increasingly important to a broadening super-majority of Americans even as the Federal Reserve’s efforts to slow down price hikes have driven up interest rates at the fastest pace in decades. Seventy-four percent of American adults rate the inflation issue as “very important,” according to a recent poll from the Economist and YouGov. The poll

Fmr. Obama Treasury Counselor Rattner: Powell Got Inflation Wrong Because WH Was Wrong and He’s ‘a Team Player’

On Thursday’s broadcast of MSNBC’s “Morning Joe,” Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, argued that Federal Reserve Chairman Jerome Powell got inflation wrong in part because “the White House was signaling that they thought inflation was going to come down.” And Powell “is a team player” who was

Fmr. Obama Treasury Counselor Rattner: We’ll Have ‘Higher Rates for the Foreseeable Future,’ Inflation Isn’t Declining Due to Stimulus

On Thursday’s broadcast of MSNBC’s “Morning Joe,” Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, predicted higher interest rates “for the foreseeable future,” and said that inflation isn’t declining in part due to people still spending the large amounts of stimulus they got during the pandemic. Rattner also stated that

Cortez Masto on Claims Dem Policies Caused Inflation: Inflation Reduction Act ‘a Great First Start’ to Fighting Inflation

During a portion of an interview with CBS News Correspondent Lilia Luciano released on Thursday, Sen. Catherine Cortez Masto (D-NV) responded to a question on how she responds to criticism from her opponent, former Nevada Attorney General Adam Laxalt (R), that Democratic policies have created inflation by stating that “the Inflation Reduction Act was a great…

Dem Rep. Lawrence: Inflation Is ‘the Sole Issue’ Republicans Can Talk about –

On Saturday’s broadcast of MSNBC’s “Velshi,” Rep. Brenda Lawrence (D-MI) stated that inflation is “important” but it’s “interesting, with everything else that’s going on in the world, that is the sole issue that the Republicans” can talk about. Lawrence stated that there are “other countries that are going through a global epidemic when it comes…

Democrat Patty Murray Champions ‘Inflation Reduction’ Act as Economists Say Spending Worsened Inflation

Sen. Patty Murray (D-WA) touted her support for the so-called “Inflation Reduction” Act at Sunday evening’s Senate debate with her opponent, Republican Tiffany Smiley, who is putting her through a tough reelection campaign. Smiley said Murray’s support “sounds like a Washington, DC, answer to me,” telling the 30-year incumbent, “you are Washington, DC.” “Sen. Murray…

Poll: Half of Voters Say Economy, Inflation Top Issue Going into Midterms

Half of U.S. voters say the economy or inflation is their number one issue heading into the November 8 midterm elections, according to a recent ABC/Ipsos poll. The poll shows that 28 percent of registered voters say the economy is their single most important issue for determining their ballot, while 22 percent say inflation is.…

Kraft Heinz CEO: Inflation and Supply Shortages Here to Stay for a While

Kraft Heinz CEO Miguel Patricio said Monday he does not see higher inflation and supply chain issues ending in the near future. “We’ve already increased the prices that we were expecting this year, but I’m predicting that next year, inflation will continue, and as a consequence [we] will have other rounds of price increases,” Patricio…

Economists: Inflation Can’t Be Reined In Without Tanking The Economy

Nearly three quarters of business economists believe that the Federal Reserve will not be able to bring inflation back to its target of 2% in the next two years without inducing a recession, according to a poll by the National Association for Business Economics (NABE) released Monday.Roughly 19% of respondents believed that the U.S. was…

Hageman: Cheney Lost Due to Obsessive Focus on Trump When Voters Cared about Inflation, Energy, Illegal Immigration 

On Tuesday’s broadcast of the Fox News Channel’s “Ingraham Angle,” Wyoming Congressional candidate Harriet Hageman (R) stated that her opponent Rep. Liz Cheney (R-WY) lost in large part because “She’s not focusing on Wyoming. She’s not focusing on our issues. She’s still focusing on an obsession [with] President Trump.” And that inflation, illegal immigration, and energy…

Jamie Raskin Dodges Question on How ‘Inflation Reduction’ Act Reduces Inflation

Rep. Jamie Raskin (D-MD) dodged a question recently on how the Inflation Reduction Act would reduce inflation, as multiple studies have found that it would do little to nothing to reduce inflation. One reporter asked Raskin, “What parts of the bill do you think will put to work on [lowering inflation] specifically?” “What parts of…

Dem Rep. Titus on CBO Estimates Inflation Act Won’t Impact Inflation Much in Next Year: ‘Inflation Is Already Coming Down’ 

On Saturday’s “CNN Newsroom,” Rep. Dina Titus (D-NV) responded to an estimate by the Congressional Budget Office (CBO) that the Inflation Reduction Act won’t have much of an impact on inflation this year or next year by saying that many economists say “inflation is already coming down. Gas prices are coming down. So, I believe…

Worries About Big Ticket Item Inflation Hit Worse Level Since 1982

The last time Americans were this unhappy about prices of big-ticket purchases was 1982, when the Federal Reserve was fighting a war against double-digit inflation. The University of Michigan’s survey of consumer sentiment showed U.S. consumers more concerned with higher prices of appliances, houses, and cars than anytime in 39 years, according to the survey’s…

Biden Budget Proposes $6 Trillion Annual Spending as Inflation Soars to 29-Year High

President Joe Biden released his budget Friday, proposing $6.01 trillion in annual spending even as the economy is going through record inflation. The Commerce Department reported Friday that core personal consumption expenditures hit a 3.1 percent annual gain in April — the highest since May 1992. The plan calls for a 36.6 percent increase in…

Populist Uprisings and the Inversion of Inflation

Today’s populism echoes that of the 1890’s, but changes to the economy have muddied the waters.Hotly contested elections are nothing new in this country, nor are elections fought around themes of populism. These battles have been fought as far back as the first iteration of American populism with James Weaver and his protégé William Jennings…

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