As inflation has continued to worsen, the Biden administration is insisting it will be “transitory,” and the spin has gotten some assists from the media trying to convince people that inflation is a good thing:
.@paulkrugman: "Inflation and shortages of some goods are real issues, but much of the economic discontent seems to be based on news reports and partisan leanings" https://t.co/kNuTeoARYx
— Andrew Bates (@AndrewJBates46) November 10, 2021
A higher rate of inflation, and correspondingly higher wage growth, could be a net positive for the economy https://t.co/xFZFbxLAVH
— Bloomberg Opinion (@bopinion) October 13, 2021
Inflation is surging across the globe, fueled by consumer demand, shortages and other pandemic-related factors. Here’s why that may be a good sign. https://t.co/CxdNXB9sfQ
— The New York Times (@nytimes) September 7, 2021
With those claims in mind, here’s an Associated Press report about inflation, what’s causing it and how long it might last:
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EXPLAINER: Inflation is starting to look like that unwanted houseguest who just won’t leave. Economists now have a more discouraging message: Higher prices will likely last well into next year, if not beyond. What caused it and what should be done? https://t.co/zN2c3m6fxW
— The Associated Press (@AP) November 11, 2021
It has to be asked:
Are we building back better yet? https://t.co/JwRjONxRRS
— jimtreacher.substack.com (@jtLOL) November 11, 2021
Not yet, but Team Biden is trying to convince everything that things are going just great.
But I thought it was
A: Not real
B: Transitory
C: A rich person problem
D: Caused by people buying too much
E: A good thing https://t.co/4Pt0JuNLPb— Nomad Nero (@Adventure_Nero) November 11, 2021
And guess what — inflation just might have something to do with Biden’s policies:
Found it. Right here. https://t.co/es2PqpBtYW pic.twitter.com/edqMmklCFx
— Stephen L. Miller (@redsteeze) November 11, 2021
Not only that, but this administration and most Democrats want to pour even more kerosene on the fire.
— Bobby Abner (@bobbyabner1973) November 11, 2021
They're reaching the acceptance phase https://t.co/y7BxfA3xEH
— Keith Maniac, from Guatemala (@from_maniac) November 11, 2021
Biden administration has been saying inflation was transitory and that no serious economist believed inflation was an unchecked concern. https://t.co/B53vfVZ9ki
— Da Dad (@RogueLeaderLA) November 11, 2021
AP: Inflation just won’t leave.
Economists: Higher prices here to stay through next year.
AP: What caused it?
Biden Administration: Lower your expectations. https://t.co/JGMEmpBcHG
— Savannah RINO Slayer 🎯 (@BasedSavannah) November 11, 2021
"What caused it?" Lmao https://t.co/IdEKeJFzLj
— Keith H (@KeithJH2) November 11, 2021
It’s a total mystery.
"What caused it"? Gee, I dunno, that's a tough one. https://t.co/sU1ehyBKpC pic.twitter.com/0zKtanLFrq
— Skid Willie (@SkidWillie) November 11, 2021
