{"id":1688793,"date":"2022-10-14T05:18:15","date_gmt":"2022-10-14T09:18:15","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1688793"},"modified":"2022-10-14T08:36:41","modified_gmt":"2022-10-14T12:36:41","slug":"the-stagflation-president","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-stagflation-president\/","title":{"rendered":"The Stagflation President"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">6<\/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%2Fthe-stagflation-president%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=1688793&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--><p>Another month, another bad report. On October 13 the Bureau of Labor Statistics announced that consumer price inflation, at an 8.2 percent annualized rate, was higher than expected through September. Americans continue to endure the worst inflation in four decades. They continue to experience a decline in <a href=\"https:\/\/www.bls.gov\/news.release\/realer.nr0.htm\" target=\"_blank\" rel=\"noopener\">real average hourly earnings<\/a>. They continue to tell pollsters that the economic recession has arrived. Blerina Uruci, an economist at T. Rowe Price, does not like what she sees. &#8220;This is very troubling,&#8221; Uruci <a href=\"https:\/\/www.nytimes.com\/live\/2022\/10\/13\/business\/inflation-cpi-report\" target=\"_blank\" rel=\"noopener\">told<\/a> the <em>New York Times<\/em>. &#8220;The trend is very troubling.&#8221;<\/p>\n<p>Not at the White House. It doesn\u2019t see any troubles. According to President Biden, the most recent BLS data are superfluous. After all, everybody already knows that &#8220;Americans are squeezed by the cost of living: that\u2019s been true for years, and they didn\u2019t need today\u2019s report to tell them that.&#8221; As a matter of fact, Biden said in a statement, rising costs are &#8220;a key reason I ran for President.&#8221; And anyway, the situation is under control. &#8220;My policies\u2014that Democrats delivered\u2014directly tackles [sic] price pressures we saw in today\u2019s report.&#8221;<\/p>\n<p>End of story, thank you all very much, nothing to see here, move along, move along.<\/p>\n<p>Just a minute. Biden\u2019s reading of recent economic history is filled with evasions, half-truths, and &#8220;<a href=\"https:\/\/www.nytimes.com\/2022\/10\/10\/us\/politics\/biden-exaggeration-falsehood.html\">yarns<\/a>.&#8221; They deserve comment and rebuttal. I don\u2019t remember Biden staking his 2020 candidacy on inflation. He couldn\u2019t have. The inflation hadn\u2019t happened. It didn\u2019t arrive until the spring of 2021. By which time Biden was living\u2014during weekdays, at least\u2014at 1600 Pennsylvania Avenue.<\/p>\n<p>Nor do I recall Biden warning the country about the coming threat of rising prices. To the contrary: Varsity Joe was captain of &#8220;Team Transitory.&#8221; The &#8220;temporary&#8221; inflation would subside, he and his teammates argued, as kinks in the supply chain got worked out and the Federal Reserve tightened the money supply.<\/p>\n<p>They were wrong, of course. Inflation persisted. By the winter of 2022, Biden was blaming high prices on corporate greed and &#8220;Putin\u2019s price hike.&#8221; Now he says inflation is the fault of the opposition party. No reason is provided; this president isn\u2019t into<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another month, another bad report. On October 13 the Bureau of Labor Statistics announced that consumer price inflation, at an 8.2 percent annualized rate, was higher than expected through September. Americans continue to experience the worst inflation in four decades. They continue to experience a decline in real average hourly earnings. They continue to tell pollsters that the economic recession has arrived. Blerina Uruci, an economist at T. Rowe Price, does not like what she sees. \u201cThis is very troubling,\u201d Uruci told the New York Times. \u201cThe trend is very troubling.\u201d<br \/>\nThe post The Stagflation President appeared first on Washington Free Beacon.<\/p>\n","protected":false},"author":222,"featured_media":1891494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"The Stagflation President","footnotes":""},"categories":[544],"tags":[],"class_list":["post-1688793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"The Stagflation President","fifu_finder_url":"https:\/\/freebeacon.com\/columns\/the-stagflation-president\/","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1688793","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\/222"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1688793"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1688793\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1891494"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1688793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1688793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1688793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}