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White House Desperately Tries Managing Expectations Ahead of New Inflation Report
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CrimsonPhantom Offline
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Post: #1
White House Desperately Tries Managing Expectations Ahead of New Inflation Report
Quote:In Monday's White House briefing, Press Secretary Karine Jean-Pierre admitted what most Americans already know to be true: prices on everyday goods are still surging amid inflation that surged to forty year highs under Biden's economic policy.

"On Wednesday we will have new CPI inflation data and we expect the headline number — which includes gas and food — to be highly elevated," Jean-Pierre told reporters. For context, May's Consumer Price Index jumped one full percentage point from April, hitting 8.6 percent year-over-year. For the White House to be trying to manage expectations ahead of Wednesday's release for June suggests there's much worse yet to come.



As usual for the Biden administration, Jean-Pierre's warning was also accompanied by the obligatory refusal to accept any responsibility for the spend and print economic policy that Biden has embraced and which has spurred red-hot inflation to continue setting records despite Biden's initial denial that any issue existed or was merely a "high-class problem."

The surging inflation the White House expects on Wednesday was "heavily impacted by the war in Ukraine," Jean-Pierre said trying to keep up the Biden administration's appearance of zero fault in the pain facing Americans' wallets. She added, in a new excuse, that "June's CPI data is already out of date" because prices have fallen since June, Biden's press secretary argued. Never mind, apparently, that every CPI release follows the month it measures because...that's how inflation, employment, and every other economic metric released by the Department of Labor works — they're not real-time numbers, they're a measure of the previous week/month/quarter/year.

When asked in a separate question about a new poll showing that 63 percent of Democrats believe the U.S. is heading in the wrong direction under Biden's leadership, Jean-Pierre again proclaimed that President Biden knows what Americans are feeling.



But even that answer, which is dubious given the White House's previous messaging on surging inflation, the broken supply chain, and a formula shortage, is a condemnation of Biden's leadership. If he knows what Americans are feeling — which is pain, something of a Carter-era malaise — then his failure to act is even more damning.

Jean-Pierre's answer on polls in general made it as clear as can be: Biden supposedly knows what Americans are feeling — as she just said — but the White House refuses to "pay attention" to their pain.



The lack of awareness or attention paid to Americans struggling under Biden was reemphasized by Jean-Pierre when she stated that the U.S. economy is "strong."



Using the White House's past playbook for dealing with runaway inflation as a guide, calling the economy "strong" is only further evidence that the economy is diving into a recession. The question then becomes who Biden and Jean-Pierre will blame for that mess right before the midterms?

Inflation, again, is at 40-year highs. More than 353,000 Americans left the labor force in June. The U.S. economy is still down 200,000 jobs from where it was before COVID hit. There's 700,000 more Americans who aren't in the labor force but want to work compared to February 2020. We've already logged one quarter of GDP shrinkage, and projections for Q2 are already down as much as 2 percent — which would mean a definitional recession for the United States.

What Karine Jean-Pierre finally confirmed on Monday was the simple truth that too many Americans have been forced to confront: President Biden and his administration know that the economy is trash, they know Americans are hurting under Democrats' agenda, but they won't pay attention to the pain — made evident by polling — or focus on mitigating it because to do so would be to abandon their dystopian leftist policies. They won't give up their "transition" away from fossil fuels, end to coal-fired power, or woke social spending that contributed to and kickstarted inflation in the first place.

No, Biden and his team are all-in on their harmful policies, and they're going to blame everyone but themselves, no matter how bad the polling gets or how bad their midterm losses turn out to be.

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07-11-2022 04:59 PM
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CardinalJim Offline
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Post: #2
RE: White House Desperately Tries Managing Expectations Ahead of New Inflation Report
I feel sorry for KJP.

She’s obviously in over her head and this administration is doing nothing to throw her a lifeline. She is a prime example of what hiring to check a box gets you.

Hope the fact she’s a black lesbian helps her when her bosses dump everything on her to try to explain to the hostile public.

We all need to remember she’s just trying to do an impossible job for the worst president to ever occupy the White House.

Poor thing would be safer walking point in Mekong Delta in ‘68 then she is doing these daily briefings.
07-11-2022 05:19 PM
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boss man Offline
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Post: #3
RE: White House Desperately Tries Managing Expectations Ahead of New Inflation Report
So now we can get ready for the recession.....is anyone actually shocked?

I seriously believe that most citizens have simply grown NUMB to the never-ending failures of this incredibly incompetent and inept Administration.

Surely no one is surprised including the Alzheimer's impacted Houseplant-in-Chief. That dumb@ss is gonna be hiding over in Saudi Arabia when his Press Secretary fields the questions from the media on Wednesday, LOL.

Get ready, folks. The pain is coming. The supply chain is REALLY looking bad for the balance of 2022. Empty shelves. Higher costs.

But don't worry about Biden*. He'll still live high on the taxpayers' $$$, eating damn fine meals each day, full SS protection 24/7, flying around in AF1, spending 90% of his weekends - usually at least 4 day weekends - either at Camp David or at his Delaware beach front home, etc.

TOLERATE THE INCOMING BIDEN* RECESSION, AMERICA.

ENDURE THE IMMINENT SUPPLY CHAIN PAIN.

LET"S GO BRANDON!!
(This post was last modified: 07-11-2022 05:28 PM by boss man.)
07-11-2022 05:27 PM
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Attackcoog Offline
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Post: #4
RE: White House Desperately Tries Managing Expectations Ahead of New Inflation Report
Apparently the whisper number has inflation cracking 9%. FWIW---I think its incredibly odd that so little is being said in the media about the current Depression era style bank runs and withdrawal freezes going on in China. In a world of inter-connectivity, its hard to see this type of thing staying completely isolated.

https://twitter.com/GRDecter/status/1546500232585814021

https://amp.cnn.com/cnn/2022/07/10/china...index.html
(This post was last modified: 07-11-2022 09:02 PM by Attackcoog.)
07-11-2022 06:22 PM
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