Rantburg

Today's Front Page   View All of Mon 05/06/2024 View Sun 05/05/2024 View Sat 05/04/2024 View Fri 05/03/2024 View Thu 05/02/2024 View Wed 05/01/2024 View Tue 04/30/2024
2021-05-14 Economy
New Math: Psaki Says Inflation Is a Sign of Economic Success
[Red State] The Consumer Price Index (CPI) numbers were just released and — in a bit of bad news for the Biden administration — they indicated inflation rose faster in April 2021 than it had in 12 years.
The Consumer Price Index, which measures a basket of goods as well as energy and housing costs, rose 4.2% from a year earlier. A Dow Jones survey had expected a 3.6% increase. The month-to-month gain was 0.8%, against the expected 0.2%.

The increase in the annual headline CPI rate was the fastest since September 2008, while the monthly gain in core inflation was the largest since 1981.

Energy prices overall jumped 25% from a year earlier, including a 49.6% increase for gasoline and 37.3% for fuel oil. That came even though most energy categories saw a decline in April.

Gas consumers don’t need to see those numbers to know they’ve been paying more at the pump. Nor do people looking to buy a used car or a new home.

But that bad news didn’t stop White House Press Secretary Jen Psaki from telling Americans that the rising prices were simply a sign of the Biden administration’s "successful economic strategy" in a word salad answer to a reporter’s question Thursday.

It’s all about the data, man.
Posted by Besoeker 2021-05-14 04:46|| || Front Page|| [14 views ]  Top

#1 "But that bad news didn’t stop White House Press Secretary Jen Psaki from telling Americans that the rising prices were simply a sign of the Biden administration’s "successful economic strategy" in a word salad answer to a reporter’s question Thursday."


...Ms. Psaki,

For you, intelligence, logic, and reasoning are just things that happen to other people, aren't they?

Mike
Posted by Mike Kozlowski 2021-05-14 06:45||   2021-05-14 06:45|| Front Page Top

#2 successful = goals achieved
Posted by g(r)omgoru 2021-05-14 07:55||   2021-05-14 07:55|| Front Page Top

#3 
The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.

Vladimir Lenin
Posted by Lord Garth 2021-05-14 08:36||   2021-05-14 08:36|| Front Page Top

#4 Gonna be fun when they try to take credit for the post-Biden economic expansion.
Posted by rjschwarz 2021-05-14 11:23||   2021-05-14 11:23|| Front Page Top

#5 New Psaki-ism: "Sucking chest wound proves you are still breathing!"
Posted by magpie 2021-05-14 12:18||   2021-05-14 12:18|| Front Page Top

#6 Lower purchasing power? Fewer goods being chased by more dollars?
Posted by Rob Crawford 2021-05-14 12:28||   2021-05-14 12:28|| Front Page Top

#7 Know what all this success needs? Some price fixing, that's what.
Posted by swksvolFF 2021-05-14 13:40||   2021-05-14 13:40|| Front Page Top

#8 We are ruled by morons
Posted by Harry Snoting5533 2021-05-14 14:45||   2021-05-14 14:45|| Front Page Top

#9 Let's emulate Zimbabwe!
Posted by Hupoluting Speaper1577 2021-05-14 15:02||   2021-05-14 15:02|| Front Page Top

#10 Jeebus, we've got a bunch of morons trying to run things.
Posted by JohnQC 2021-05-14 18:56||   2021-05-14 18:56|| Front Page Top

03:22 Grom the Reflective
03:20 Grom the Reflective
03:14 Grom the Reflective
03:13 Grom the Reflective
03:12 Grom the Reflective
01:55 badanov
01:19 Grom the Reflective
00:35 Skidmark
00:33 Skidmark
00:27 Skidmark
00:25 Skidmark









Paypal:
Google
Search WWW Search rantburg.com