No one in the Biden administration wants to step forward and accept responsibility for the inflation mess.
"I think I was wrong then about the path that inflation would take," Treasury Secretary Janet Yellen told CNN's Wolf Blitzer this week, after he asked about her calling inflation a "Small risk" just last year.
Yellen knew about the record surge in the money supply in 2021, a clear indication that our economy was headed for soaring inflation.
"Nearly 60% of those surveyed said that inflation has adversely affected their personal finances, of which about one in four said that they have felt a major impact," according to the Center Square.
As our friend Stephen Moore noted, "In this administration, it's always someone else's fault. Inflation is now the No. 1 concern of voters, so the White House first blamed COVID. Then Donald Trump's tax cuts. Then Vladimir Putin. Then meatpackers and the poultry industry, Big Oil and pharmaceutical companies."
A report from the University of Pennsylvania's Wharton School said that inflation cost the average family $3,200 last year.
That's quite a cut in a family's standard of living, especially since wages aren't keeping up with inflation.
It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.
Friday, June 3, 2022
How The White House Fumbled The Inflation Football And Lost The Game
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