{"id":1439485,"date":"2022-04-15T07:15:18","date_gmt":"2022-04-15T11:15:18","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1439485"},"modified":"2022-04-15T07:15:21","modified_gmt":"2022-04-15T11:15:21","slug":"white-house-inflation-both-transitory-and-putins-fault","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-inflation-both-transitory-and-putins-fault\/","title":{"rendered":"White House: Inflation Both Transitory and Putin\u2019s Fault"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwhite-house-inflation-both-transitory-and-putins-fault%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1439485&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<aside id=\"aside1\" class=\"left\">\n<\/aside>\n<p>The buck stops&#8230;over there, always. The Democrats&#8217; lame &#8220;Putin price hike&#8221; isn&#8217;t sparing President Biden from deep voter anger \u2013 in part because the drastic surge in US inflation <a href=\"https:\/\/twitter.com\/AndrewCFollett\/status\/1513883981028151301?ref_src=twsrc%5Etfw\" rel=\"noopener noreferrer\" target=\"_blank\">began long before<\/a> Russia&#8217;s Ukraine invasion, and everyone knows it. They can yell about Putin, and even <a href=\"https:\/\/twitter.com\/JesseLee46\/status\/1513874750875090957\" rel=\"noopener noreferrer\" target=\"_blank\">slander Republicans<\/a> as Kremlin propagandists, or whatever, until they&#8217;re blue in the face. They&#8217;re in charge, the country is in pain, and they&#8217;re losing. And they know it. Biden is drowning on the inflation issue for a reason. But sometimes it almost feels as if they <em>want<\/em> to lose. Why else would they have Dr. Anthony Fauci out there <a href=\"https:\/\/twitter.com\/NoahCRothman\/status\/1514266725071609859\" rel=\"noopener noreferrer\" target=\"_blank\">blathering about<\/a> the &#8220;prudence&#8221; of extended mask mandates when the <a href=\"https:\/\/twitter.com\/NoahCRothman\/status\/1514266725071609859\" rel=\"noopener noreferrer\" target=\"_blank\">data doesn&#8217;t justify<\/a> them? And why else would they be clinging to <a href=\"https:\/\/twitter.com\/RNCResearch\/status\/1514333985421377541\" rel=\"noopener noreferrer\" target=\"_blank\">this absolute stinker<\/a> of a talking point? My goodness:\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\" style=\"text-align: center;\">&#8220;Does the White House still view inflation as &#8216;transitory&#8217;?&#8221;<\/p>\n<p>PSAKI: Yes <a href=\"https:\/\/t.co\/yzC1kwJU7I\">pic.twitter.com\/yzC1kwJU7I<\/a><\/p>\n<p>\u2014 RNC Research (@RNCResearch) <a href=\"https:\/\/twitter.com\/RNCResearch\/status\/1514333985421377541?ref_src=twsrc%5Etfw\">April 13, 2022<\/a><\/p><\/blockquote>\n<p>I mean, <em>all<\/em> inflation <em>at some point<\/em> becomes &#8220;transitory.&#8221; It doesn&#8217;t last forever. But it&#8217;s now been with us for <a href=\"https:\/\/twitter.com\/AndrewCFollett\/status\/1513883981028151301?ref_src=twsrc%5Etfw\" rel=\"noopener noreferrer\" target=\"_blank\">the entirety of this presidency<\/a>, and the burning question now is whether this bout ends without triggering a recession. It may also be irrelevant at this point whether it subsides before or after the election, as the ruling party appears poised to endure a beating either way. Still, talking about how temporary inflation is truly feels self-destructive at this point. Indeed, it felt that way months and months ago, when major figures <a href=\"https:\/\/www.cnbc.com\/2021\/12\/02\/powell-time-to-retire-transitory-what-it-means-for-the-ecb.html\" rel=\"noopener noreferrer\" target=\"_blank\">abandoned that framing<\/a> as counter-productive. This was early December:\u00a0<\/p>\n<blockquote>\n<p>Federal Reserve Chairman Jerome Powell surprised market players earlier this week when tweaking his tone about inflation. Now, economists in Europe say the European Central Bank needs to do the same. Powell told U.S. lawmakers that <strong>\u201cit\u2019s probably a good time to retire that word (transitory) and try to explain more clearly what we mean\u201d<\/strong> when talking about inflation.<\/p>\n<\/blockquote>\n<p>That was the Fed Chair. This was <a href=\"https:\/\/www.nytimes.com\/2021\/12\/02\/business\/yellen-inflation-omicron.html\" rel=\"noopener noreferrer\" target=\"_blank\">Biden&#8217;s own Treasury Secretary<\/a>, around the same time:\u00a0<\/p>\n<blockquote><p>Treasury Secretary Janet L. Yellen on Thursday said she believed it was time to stop characterizing inflation as temporary and suggested that the Omicron variant of the coronavirus could prolong the problem of rising prices&#8230;Ms. Yellen\u2019s remarks echoed those of Jerome H. Powell, the Federal Reserve chair, who said earlier this week that inflation was more than a short-term issue. <strong>\u201cI am ready to retire the word transitory,\u201d Ms. Yellen said. \u201cI can agree that that hasn\u2019t been an apt description of what we are dealing with.\u201d<\/strong><\/p><\/blockquote>\n<p>Yet here&#8217;s Circle Back, perhaps counting down the days until <a href=\"https:\/\/thehill.com\/news\/administration\/3256261-psaki-to-leave-white-house-for-msnbc\/\" rel=\"noopener noreferrer\" target=\"_blank\">her MSNBC contract<\/a> commences, courageously sticking to a line tossed aside by her own administration&#8217;s experts last year. And she&#8217;s deploying it in the context of back-to-back days of <a href=\"https:\/\/www.wsj.com\/articles\/supplier-prices-jumped-in-march-keeping-upward-pressure-on-u-s-inflation-11649854297?mod=hp_lead_pos10\" rel=\"noopener noreferrer\" target=\"_blank\">terrible inflation reports<\/a>, on both the consumer and producer sides:\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\" style=\"text-align: center;\">Inflation watch: The March PPI (producer price index) rose 11.2% year\/year &#8211; above expectations and a new record.<\/p>\n<p>The PPI &#8220;core&#8221; number also beat expectations, up 9.2% year over year and another new high.<\/p>\n<p>Those costs will be passed to consumers by producers &#8211; insane numbers.<\/p>\n<p>\u2014 The Wokest Numbersmuncher (@NumbersMuncher) <a href=\"https:\/\/twitter.com\/NumbersMuncher\/status\/1514226279779811328?ref_src=twsrc%5Etfw\">April 13, 2022<\/a><\/p><\/blockquote>\n<blockquote>\n<p>Suppliers raised prices sharply last month, a sign inflation continues to percolate through the U.S. economy&#8230;<strong>Producer prices rose 11.2% on a 12-month basis, compared with an upwardly revised 10.3% increase in February. That marked the fourth consecutive month with a double-digit gain and was the highest since records began in 2010<\/strong>&#8230;<strong>The report comes a day after the government said consumer prices increased by 8.5% in March to a four-decade high<\/strong>, adding pressure on the Federal Reserve to speed up a series of interest-rate increases expected in May and June. These developments complicate the Fed\u2019s tough challenge to cool inflation without causing unemployment to rise.\u00a0<\/p>\n<\/blockquote>\n<p>Some of the factors at play truly are beyond Biden or the government&#8217;s control, and there is an element of truth to the Russia war excuse. But some of the problem is Democratic policies, which were warned against by even some Democratic economists who were <a href=\"https:\/\/www.cnn.com\/2021\/05\/26\/economy\/inflation-larry-summers-biden-fed\/index.html\" rel=\"noopener noreferrer\" target=\"_blank\">very concerned<\/a> about the threat of inflation (Larry Summers is now talking about a <a href=\"https:\/\/www.foxbusiness.com\/politics\/stagflation-recession-larry-summers-federal-reserve-economy\" rel=\"noopener noreferrer\" target=\"_blank\">recession<\/a>). Biden and the Democrats tried to add <em>trillions more<\/em> in new spending, beyond the existing trillions in unsustainable emergency &#8220;COVID&#8221; expenditures (on which the White House is now insultingly crying poverty). But they&#8217;re out here blaming absolutely everyone else for everything. Including this:\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\" style=\"text-align: center;\">NEW: White House press sec. Jen Psaki says Texas Gov. Greg Abbott\u2019s \u201cunnecessary and redundant\u201d inspections of trucks at border are \u201ccausing significant disruptions\u201d to supply chains. <a href=\"https:\/\/t.co\/yLTElwctJS\">https:\/\/t.co\/yLTElwctJS<\/a> <a href=\"https:\/\/t.co\/vA2DUiysdZ\">pic.twitter.com\/vA2DUiysdZ<\/a><\/p>\n<p>\u2014 ABC News Politics (@ABCPolitics) <a href=\"https:\/\/twitter.com\/ABCPolitics\/status\/1514233160086794247?ref_src=twsrc%5Etfw\">April 13, 2022<\/a><\/p><\/blockquote>\n<p>You can question the effectiveness of Abbott&#8217;s move, but some facts are unavoidable: The border is a total mess, the federal government isn&#8217;t doing its job (in fact, Biden is about to <a href=\"https:\/\/townhall.com\/tipsheet\/guybenson\/2022\/04\/07\/gov-abbott-texas-is-going-to-send-busloads-of-illegal-immigrants-straight-to-the-us-capitol-n2605586\" rel=\"noopener noreferrer\" target=\"_blank\">make it much worse<\/a>), and border states are being left to fend for themselves in large measure. Criticizing the way a governor is trying to make up for the federal government&#8217;s dereliction is pretty rich. Also, Abbott&#8217;s policy on this front is brand new and likely has made no major impact yet. Beyond that, Texas has been one of the <a href=\"https:\/\/www.wsj.com\/articles\/texas-arizona-have-recovered-all-the-jobs-lost-when-covid-19-hit-11642501805\" rel=\"noopener noreferrer\" target=\"_blank\">red states driving the post-COVID recovery<\/a>, no thanks to Biden. This White House has dumped on Texas and Florida at every opportunity while trying to steal credit for the gains being made in those states thanks to policies that are the <em>opposite<\/em> of the Democratic Party line. Regardless, Biden&#8217;s endless blame parade <a href=\"https:\/\/twitter.com\/HotlineJosh\/status\/1514335581773434883\" rel=\"noopener noreferrer\" target=\"_blank\">isn&#8217;t selling<\/a>:\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\" style=\"text-align: center;\">New Quinnipiac poll:<\/p>\n<p>Biden approval 33%<br \/>Biden disapproval 54%<\/p>\n<p>26% approval with independents<\/p>\n<p>18% approve strongly<br \/>43% disapprove strongly<a href=\"https:\/\/t.co\/7u1wgmMvW5\">https:\/\/t.co\/7u1wgmMvW5<\/a><\/p>\n<p>\u2014 Josh Kraushaar (@HotlineJosh) <a href=\"https:\/\/twitter.com\/HotlineJosh\/status\/1514335581773434883?ref_src=twsrc%5Etfw\">April 13, 2022<\/a><\/p><\/blockquote>\n<p>I&#8217;ll leave you with the vice president at least <a href=\"https:\/\/twitter.com\/RNCResearch\/status\/1514218545844043783\" rel=\"noopener noreferrer\" target=\"_blank\">seeming to understand<\/a> \u2013 in her own special way \u2013 that breezy talkers like &#8220;transitory&#8221; aren&#8217;t going to cut it:\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\" style=\"text-align: center;\">KAMALA HARRIS: &#8220;I acknowledge one must acknowledge that prices are going up\u201d <a href=\"https:\/\/t.co\/KR1uZZQ9RP\">pic.twitter.com\/KR1uZZQ9RP<\/a><\/p>\n<p>\u2014 RNC Research (@RNCResearch) <a href=\"https:\/\/twitter.com\/RNCResearch\/status\/1514218545844043783?ref_src=twsrc%5Etfw\">April 13, 2022<\/a><\/p><\/blockquote>\n<p>Memo to Psaki: We must acknowledge the acknowledgment, not only of the significance of the passage of time but also of the lasting pain of inflation. And that time is every day.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The buck stops&#8230;over there, always. The Democrats&#8217; lame &#8220;Putin price hike&#8221; isn&#8217;t sparing President Biden from deep voter anger \u2013 in part because the drastic surge in US<\/p>\n","protected":false},"author":498,"featured_media":2315279,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1439485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1439485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/498"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1439485"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1439485\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1439485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1439485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1439485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}