Inflation fears grow for White House
The Hill [DC],
by
Sylvan Lane
Original Article
Posted By: Dreadnought,
5/16/2021 11:13:11 PM
Rising prices are putting increasing pressure on President Biden and the Federal Reserve to prevent inflation from derailing the recovery from the coronavirus recession. A surge of consumer demand unleashed by government stimulus, improving vaccinations and fewer pandemic restrictions is putting a strain on global supply chains. Manufacturers and other hard-hit industries are struggling to get back up and running after a year of lockdown measures, causing supply shortages and raising costs. All of those factors combined to push the consumer price index (CPI) up 0.8 percent in April and 4.2 percent over the past 12 months, the fastest annual rate since 2008
Reply 1 - Posted by:
formerNYer 5/16/2021 11:19:17 PM (No. 787895)
Notice the sly little reference to the "coronavirus recession" don't want to blame ol' lying, senile Xiden for the mess of this economy, the Hill another part of the LSM.
13 people like this.
Reply 2 - Posted by:
OhioNick 5/16/2021 11:21:13 PM (No. 787896)
I went to two supermarkets today and the shelves were noticeably bare. I was unable to find five items that I wanted to buy. At one of the supermarkets, I was amazed by the meager selection in the produce section. Unfortunately, I'm positive that the situation will get even worse this summer.
7 people like this.
Reply 3 - Posted by:
pilot222 5/16/2021 11:27:09 PM (No. 787898)
Xden is really Ron Burgandy. This dementia victim cannot spell inflation let alone solve the problem.
9 people like this.
Reply 4 - Posted by:
GoodDeal 5/16/2021 11:38:47 PM (No. 787903)
Misleading headline. Should read White House jubilation goes through the roof over skyrocketing inflation. They aren’t afraid they are as happy as can be. Fundamental transformation in progress. This isn’t the financial disaster you are expecting nothing here move along.
6 people like this.
Reply 5 - Posted by:
DVC 5/16/2021 11:59:17 PM (No. 787909)
Then stop sloshing around trillions of dollars as if they were nickels.
12 people like this.
Reply 6 - Posted by:
Trigger2 5/17/2021 12:38:40 AM (No. 787917)
Joey's answer: Spend trillions more so he can ramp up that inflation and kill off the economy for good. Cloward and Pivens.
9 people like this.
Reply 7 - Posted by:
planetgeo 5/17/2021 3:07:51 AM (No. 787936)
Wait...the very people whose policies are textbook examples of the causes of inflation (higher taxes on producers, overprinting money, paying people to not work, etc.) are now worried that inflation is happening? No, they knew. But it's the next step in preparing the enemedia campaign that will soon begin for Phase II of the Communist economic takeover... Price controls, and subsidies for favored commodities and populations. Which will lead to having all the white sheep getting sheared even closer.
6 people like this.
Reply 8 - Posted by:
Venturer 5/17/2021 6:37:01 AM (No. 787980)
Inflation is a snowball rolling downhill and gathering more snow , and the people who started it rolling are right there in the White House.
5 people like this.
Reply 9 - Posted by:
bigfatslob 5/17/2021 9:30:13 AM (No. 788148)
The left rushes in to find a reason to blame the Biden induced recession on something so here it is 'coronavirus recession' is the cause. There the left has found the cause Joe North Star Biden didn't do it.
I was in the middle of the America Held Hostage in the 1970s but I will admit I enjoyed the Money Market and the money I made from it. I would actually pay a penalty to move money to a higher interest rate. The fun times are here again and I never thought I would witness it again in my lifetime.
0 people like this.
Reply 10 - Posted by:
bmw50 5/17/2021 12:02:13 PM (No. 788394)
The Democrat party (and some of the Republican party) are career politicians who use their office to fatten their bank accounts, ONLY, making under table, back door deals to enrich their lives. It's all they know! That works well for them on a personal level, but it is disastrous for the nation. They are only thinking of themselves, not the nation and not the people of this nation. The fact is, they really don't know how to run anything, including our nation, they only know how to use their office to make themselves wealthy. They love money more than the health of this nation. So when they make policy changes, they have no freaking idea what they are doing. They are idiots, and the people who put them in office are just like them, idiots looking for the government to take care of them. They have wrecked this nation, while they get wealthier and wealthier while you get poorer and poorer. Biden is nothing more than a rubber stamp, just as useful to evil doers and just as smart as a piece of wood and rubber.
2 people like this.
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