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Economy
'Calm Down': WaPo Columnist Tells Americans Concerned About Inflation to 'Back Off'
2022-06-24
[Townhall] A Washington Post finance columnist said to MSNBC on Wednesday while prices are higher today for commonly purchased items, there are people who are able to absorb the costs and they should stop complaining about it.

Michelle Singletary said the Americans who did well during the COVID-19 pandemic and subsequent lockdowns should take a seat because there other Americans who might have to skip meals because of inflation. President Joe Biden has attempted to blame the historically high inflation rates on Russia's invasion of Ukraine but the rates were on the rise well before the war that started in late February.

"You know, I’m just going to say this...There’s a great deal of Americans where it is uncomfortable that they’re spending more, but they are not going to go under. You know, you got to stop complaining when there’s so many people who literally the inflation rate means they may only have two meals instead of three. There are Americans who did extremely well in the last two years in the market. You still have your job. And yeah, it’s costing you more for gas, but guess what, you’re still going to take that Fourth of July vacation. So I’m going to need you to calm down and back off," she said.

"It feeds into this fear and people making decisions that create the very thing they’re fearful of. And you’re in that category, calm down. Stop looking at your portfolio," Singletary added. "You know what you can do with that energy? Help people, put food on the table of somebody else’s house because you have extra."
Posted by:Besoeker

#9  "Its your fault I was wrong now leave me alone about it!" is not attractive.

It is now, also, not an option.
Posted by: swksvolFF   2022-06-24 18:19  

#8  I'll calm down after I hang you and all your elitist ilk
Posted by: DarthVader   2022-06-24 17:58  

#7  What a bitch. You come tell my wife to calm down.
Posted by: swksvolFF   2022-06-24 10:12  

#6  In 2016 we were told the World had 1,650,585,140,000 (1.650T) Barrels of Oil in reserves. Or, about 47 years according to several sources.

However, new oil deposit discoveries have increased that amount several years more since 2016.

Of course, the US Oil Production vs. Consumption means about 39.79% of our oil is imported.

OH! But in case you missed it, the US still EXPORTS 4% of its produced oil.

NOTE: STRANGE tho, the EIA Shale Oil data tells us we lost 35% of Shale Reserves in 1 year?????
Posted by: NN2N1   2022-06-24 09:33  

#5  Yeah, DEF will indeed be a big problem Dale. It has increased exponentially more than diesel itself as it is becoming harder to supply.

And the diesel vehicles we make here in the states for export usually don't have the DEF requirements (or 'limp switch').
Posted by: Mullah Richard   2022-06-24 09:32  

#4  They say in eight months diesel is gone. Not available. Supply chain issues. Additives not available.
Posted by: Dale   2022-06-24 08:11  

#3  'Uncomfortable'? Uncomfortable isn't the problem. Unnecessary is the issue with some 4 centuries of oil and gas reserves under our feet. Of course that's given current and projected usage and current extraction technology.

Everything you eat, wear, touch, hold or utilize with your hands is delivered because of diesel.
Posted by: Cesare   2022-06-24 08:06  

#2  

Clearly, the WaPo columnist is not on a FIXED INCOME. Ask her to donate 9% to 15% of her salary each month to see how it feels.
Posted by: NN2N1   2022-06-24 07:39  

#1  When shipper can't afford to ship, those empty shelves you see are just a figment of your imagination. Welcome to the third world brought to you by Soviet Central Planning (aka Deep State Regulations).
Posted by: Procopius2k   2022-06-24 07:20  

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