Faster than expected inflation ‘is actually
a good sign,’ White House official says
Yahoo! Finance,
by
Ben Werschkul
Original Article
Posted By: NorthernDog,
5/28/2021 12:58:09 PM
On Thursday, President Joe Biden traveled to Ohio to make the case that the economy is headed in the right direction. “We’ve turned the tide,” he told the crowd in Cleveland. Shortly afterward, during an appearance on Yahoo Finance Live, one of his top economic advisers acknowledged that in areas like inflation and in the labor market, “there's going to be some bumps in the road” as the economy continues to right itself following the pandemic. However, National Economic Council Deputy Director Bharat Ramamurti also told Yahoo Finance that the recent inflation jump is actually a positive sign. “The faster
Reply 1 - Posted by:
DVC 5/28/2021 1:01:37 PM (No. 799316)
"A good sign" that the money is becoming steadily more worthless.
28 people like this.
Reply 2 - Posted by:
Ribicon 5/28/2021 1:04:07 PM (No. 799318)
It's like when you have a cardiovascular event right after the covid shot. That just means that it's working!
28 people like this.
Reply 3 - Posted by:
Newtsche 5/28/2021 1:09:27 PM (No. 799323)
It's comforting to know this comes from "Yahoo!"
15 people like this.
Reply 4 - Posted by:
Quigley 5/28/2021 1:39:18 PM (No. 799343)
Unemployment is also great because it means that people are staying safe in this deadly pandemic where it’s unsafe even to campaign for president!!!
And higher gasoline prices are proof that petroleum is destroying the planet (it’s the only one we have right now, until elon and jeff get millions of colonist in outer space!).
It also shows that audits undermine our country.
No more Trump tweets!! The Startled Possum has saved us! Who cares about anything else?
12 people like this.
Reply 5 - Posted by:
RCFLyer98 5/28/2021 1:40:52 PM (No. 799344)
A good sign? Are you ever-loving nuts! I'm not one that's ready to pay more for everything I need to buy . . . are you???
14 people like this.
Reply 6 - Posted by:
zoidberg 5/28/2021 1:41:04 PM (No. 799345)
Always look on the bright side of life.
4 people like this.
Reply 7 - Posted by:
Jesuslover54 5/28/2021 1:54:10 PM (No. 799351)
Reality is now being written by the Babylon Bee.
19 people like this.
Reply 8 - Posted by:
Proud Texan 5/28/2021 1:56:59 PM (No. 799354)
Well just so they don't try to discourage us by mentioning that this left turn leads directly to a cliff.
8 people like this.
Reply 9 - Posted by:
red1066 5/28/2021 2:33:28 PM (No. 799383)
They really do think we are stupid, and what's with we are turning the tide crap? The economy was ready to come back even stronger if Biteme had just left everything alone.
10 people like this.
Reply 10 - Posted by:
Hermit_Crab 5/28/2021 2:35:18 PM (No. 799386)
Well, it is a good sign for them.... They get to hyperinflate their debt away.. Print up a few hundred trillion dollar FIAT bills and pay off what they owe with them.
Never mind that a loaf of bread will cost us peasants a million dollars.
3 people like this.
Reply 11 - Posted by:
DVC 5/28/2021 2:42:26 PM (No. 799393)
Yeah, in exactly the same way that a higher than expected sugar count in your blood is "a good sign".
5 people like this.
Reply 12 - Posted by:
RuckusTom 5/28/2021 2:43:02 PM (No. 799394)
This administration has got to be getting consultation from Venezuela.
8 people like this.
Reply 13 - Posted by:
Jethro bo 5/28/2021 2:54:26 PM (No. 799412)
Snowflakes and brain dead liberals will eat this up. Those of us that remember Carter know better.
8 people like this.
Reply 14 - Posted by:
KTWO 5/28/2021 3:10:08 PM (No. 799424)
Uncontrolled wild fires would reduce the costs of fire-fighting. Many uncontrolled city fires could be called Slum Clearance. The homeless add color and vibrancy to our pedestrian excursions.
5 people like this.
Reply 15 - Posted by:
skacmar 5/28/2021 3:19:36 PM (No. 799433)
Yeah Joe, paying more for everything is just what the American public wants. I look forward to the days when mortgage rates are what they were in the 70's and early 1980's. 18% for a home mortgage will do wonders for the economy. The media will go along with Biden's assessment of higher interest rates and inflation are good, but the rest of us know better.
5 people like this.
Reply 16 - Posted by:
Nimby 5/28/2021 4:49:17 PM (No. 799508)
A positive sign maybe for leeches who live on tax dollars off our blood, sweat and tears. What a bunch of thoughtless maroons!
3 people like this.
Reply 17 - Posted by:
Tennman 5/28/2021 5:07:46 PM (No. 799515)
Famous last words of Jimmah "wear a sweater" Carter.
4 people like this.
Reply 18 - Posted by:
formerNYer 5/28/2021 5:37:37 PM (No. 799527)
Raising inflation is only good when there is a brain dead democRAT is in office.
I know brain dead democRAT is redundent.
3 people like this.
Reply 19 - Posted by:
smokincol 5/28/2021 5:54:02 PM (No. 799532)
inflation at any period of time in a countries history is not "a good sign" almost every war fought in the last 300 years has had an economic reason for the conflict and most population migrations were caused by economic dysfunction on the part of some government. we had better be careful how we handle our financial system but, unfortunately, the horse is gone and the barn door is broken so, as our President says: "we'll see what happens"
1 person likes this.
Reply 20 - Posted by:
Jennie C. 5/28/2021 6:48:17 PM (No. 799553)
I saw $3 gas yesterday. I'm expecting it to continue to rise. So much for energy independence. It's gone.
2 people like this.
Reply 21 - Posted by:
rememberwhen 5/28/2021 6:54:01 PM (No. 799557)
And up is down. And Dems really want what's best for this country. Yeah, right! [Sarcasm off]
1 person likes this.
Reply 22 - Posted by:
snowoutlaw 5/28/2021 7:44:40 PM (No. 799588)
Inflation is good for those that borrow because they pay back dollars worth less, savers get the short end. 401k accounts get the shaft.
1 person likes this.
Reply 23 - Posted by:
LC Chihuahua 5/28/2021 7:53:30 PM (No. 799591)
Carter said the same thing. These people are buffoons when they aren't being fools. If someone wanted to do a critique of representative government, look no further than who we elect. Look at our President. Look at our Senators. Look at our Representatives. Look at our Governors and Mayors. There are literally dozens that should be removed from office due to incompetence and corruption. Look at the policies they enact. They cause more harm than good. Who do they benefit? Certainly not the United States and the majority of its citizens. It isn't just the Democrats. Its both parties.
2 people like this.
The gravity-defying economics of everyone and anyone in the Biden regime. They are all breathtakingly incompetent.
0 people like this.
Reply 25 - Posted by:
MickTurn 5/28/2021 8:36:26 PM (No. 799618)
Only in LA LA Democrap Land...I have to assume their Dog Stuff Sandwiches are also very tasty!
0 people like this.
Reply 26 - Posted by:
deerejon 5/28/2021 9:22:56 PM (No. 799633)
From the minds of Liberals.The party of the Rich and getting Richer.
0 people like this.
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How terrific - I am 'privileged' to pay more for everything. Sometimes 10-20% more than just a year ago.