Bloomberg: President Biden 'irritated' that aides assured him inflation was 'transitory'

It was back in May when the New York Times’ Nobel Laureate economist Paul Krugman told us not to worry about “transitory price blips.” Again, this is Krugman, who’s never right about anything. Biden economic advisor Brian Deese addressed the press a couple of days later and was asked about that “transitory” inflation talking point — did it give false hope to the American people? Was it a mistake to use that phrasing? “Look, I think that this has been an uncertain and unexpected recovery period,” Deese told the press.

That “transitory” inflation hasn’t gone anywhere but up, and Bloomberg is reporting that President Biden was “irritated” by aides who assured him that inflation was just going to go away.

.@nancook reports that Biden was "irritated that his aides had assured him the inflation problem was “transitory,” according to two sources familiar with the discussions."https://t.co/3Pli80rC2C

— Alex Thompson (@AlexThomp) November 7, 2022

Nancy Cook writes:

After months of talk about reproductive rights, threats to democracy, climate change, immigration and crime, the US midterm elections are coming down to the way Americans feel about the overall state of the economy and, in particular, inflation.

The last time voters called inflation the top issue during an election year was in August 1982, says Jeff Jones, a senior editor of the Gallup Poll. Back then, the country was in the grips of a deepening recession and a Republican was in the White House. This time around, “inflation has been up there as a top issue all year,” Jones says.

Let’s give President Jimmy Carter some of the credit there.

Context: "On July 19, 2021, President Biden played down the risk of persistent inflation, telling reporters that price hikes 'are expected to be temporary.'” https://t.co/dGR34mWwlO

— Alex Thompson (@AlexThomp) November 7, 2022

There is no chance he remembers being told that.

— 🫃🏼🇺🇦💉Hollaria Briden, Esq. (@HollyBriden) November 7, 2022

So he’s pissed that his aides (that he hired) gaslit him on the most important issue of our time.

A catastrophe almost entirely of his making ($8 trillion spent of money we didn’t have that exploded inflation).

He wasn’t qualified to be president.

— steve smith the anti-communist (@stevesmithsnoq) November 7, 2022

How does one become president without any idea of how monetary theory works?

— Dreadnoughtus 🏴 (@bitcornd) November 7, 2022

Lame. @JoeBiden: Don't blame me! Blame my advisors.

Democrat leadership, folks.

— Teacloc (@Teacloc) November 7, 2022

Does he… know he’s the president?

— Trevor Bay 🇺🇦  (@TrevorBay3) November 7, 2022

Literally everyone paying attention knew it wasn't transitory. As such I can only assume he wasn't paying attention.

— The Grumpy Git (@TheGrumpyGitPA) November 7, 2022

Senile old fool.

— Will Collier (@willcollier) November 7, 2022

And now voters are being shamed by Democrats for caring more about inflation when they go to the polls than the future of democracy. When do you suppose the “Inflation Reduction Act” is going to kick in and do what it says on the label?

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Related:

Biden administration official asked if calling inflation ‘transitory’ gave people false hope https://t.co/uJ2PMwjBcP

— Twitchy Team (@TwitchyTeam) May 31, 2022