After insisting for months on end that inflation is temporary, President Biden on Friday night privately admitted to donors that inflation is going to be elevated for some time before coming down.
“We’re gonna live with this inflation for a while,” Biden told supporters at a swanky private fundraiser in Beverly Hills, California. “It’s gonna come down gradually, but we’re going to live with it for a while.”
The fundraiser at which Biden made the comments was hosted by billionaire Democratic donor Haim Saban.
Just hours earlier, Biden publicly addressed inflation during a visit to the port of Los Angeles, striking a more positive tone in a message to Americans.
“Inflation outside of energy and food, what the economists call core inflation, moderated the last two months,” Biden said. “Not enough, but it moderated. It’s come down, and we need it to come down much more quickly.”
Biden also attacked oil and shipping companies are to blame for making it so expensive to move goods, and blamed Russian President Vladimir Putin for the rise in food and gas prices.
“I understand Americans are anxious, and they’re anxious for good reason,” he said. “We have never seen anything like Putin’s tax on both food and gas.”
(YWN World Headquarters – NYC)
Join the official YWN WhatsApp status
3 Responses
Joe is a natural born fearless leader. We are so fortunate to have him as the leader of the free world at this tumultuous time.
All they have to do is reduce government spending and/or raise taxes. Raising interest rates work but is more like to crash the economy. The Democrats like to spend money for the sake of spending, and most of it is wasted. If the Republicans don’t shoot themselves in foot (many of them appear to be aiming at their feet lately), by 2025 they can turn off the Treasury spigot fueling inflation, get rid of “woke” (and especially environmental law) that force prices up, and end inflation.
Of course, for Joe Biden, 2025 is probably the “end of time”.
The Red Wave is coming. After that old Joe will be a lame “lame duck”.