When questioned on Monday if Americans should be concerned with the current inflation in our economy, Jen Psaki snapped back “no economist’ is projecting higher inflation.
Psaki’s lack of knowledge caused many to be dumbfounded. Is she just not acknowledging the recent inflated prices or does she seriously not know how inflation works?
It’s been clearly obvious to many, that their paychecks are not covering groceries, gas, utilities, and consumer goods like they used to due to the constantly rising prices.
“Americans are seeing their dollars, their paychecks stretched right now,” NBC’s Peter Alexander said at Monday’s White House press briefing. “Why should Americans not be concerned that injected another $1.57 trillion or more would raise inflation?”
“Because no economist out there is projecting that,” Psaki replied.
Her response came after many others have recently been talking about the negative effects inflation is projected to have on our economy.
Larry Summers a former Obama economic adviser said, “We’re going to see inflation of a kind we haven’t seen in 30 years.”
“The math suggests we’re probably going to see somewhat higher readings over the next few months before they likely start to taper off,” Minneapolis Federal Reserve Bank President Neel Kashkar similarly said on CBS’ “Face the Nation” on Sunday.
Observers accused Psaki of spinning the dicey economic situation.
“There are too many economists to count who say trillions in new spending will only raise inflation further,” Fox News contributor Joe Concha tweeted. “These PsakiBombs are beyond comical at this point.”
In October we saw a 6.2% consumer price index increase. According to the Department of Labor, is the largest annual gain since November 1990 and prices rose 0.9% month over month.
President Joe Biden has claimed that his nearly $2 trillion- build back better plan will help to stand the rise of inflation. However, Republicans predict it will only exacerbate the crisis.
Recently a survey done by Fox News has found almost 9 and 10 voters worry about inflation. President Biden’s ratings on the economy have dropped 11 points among Democrats.
According to Jen Psaki’s thinking Inflation works just as well as the Democrats.
The more they work, the bigger mess they make – just to represent the state of their messed up gray matter.
It is better, when the Dems perform to their Lowest Performance Denominator of doing NOTHING.