Biden admits prices ‘too high’ but blames sellers for 18% inflation
“It’s time to stop the price gouging and give the American consumer a break,” the president pleaded Monday.nypost.com
What do you expect from the Party that doesn't understand 5th grade economics?
Also...
Folks, we’re not importing anything other than what we make.
What?
We're not importing anything other than what we make?
That doesn't even make sense for someone that doesn't understand Econ.
If we made it, then it's not ... imported ...
Dumb F***
And then...
prices are still “too high” and argued that companies should lower them after an 18% jump in consumer costs since he took office
Right. You companies should just lose money and go bankrupt.
You know, when the bar you run buys it's booze, it shouldn't raise the price to keep up with the rising costs.
And the supplier.. well they shouldn't raise the price just cause their costs go up.
More...
Let me be clear to any corporation has not brought their prices back down, even as inflation has come down, even supply chains have been rebuilt: It’s time to stop the price gouging and give the American consumer a break.”
Again, doesn't seem to understand basic Econ.
Or does, but hopes the huddled masses don't.
Which given the state of education, could be true.
EVEN IF inflation goes to ZERO (which it hasn't), the PRICES WILL STAY HIGH.
They will NOT come down, unless of course, we have NEGATIVE inflation.
And I'm not holding my breath on that one.
Here's an idea.
DON'T SHUT THE COUNTRY DOWN.
And get rid of those economists that couldn't predict inflation would go up.
Basic definition of the cause of inflation is... too much $$$$ chasing too few goods.
So.. in effect it's $/goods.
If you double the $ (on the top of the line) it would cause inflation to go up.
If you halve the goods (on the bottom of the line) it would also cause inflation to go up.
Cause the bottom of the line causes the INVERSE.
Sooo.. you hit the TOP AND THE BOTTOM at the same time
NATIONWIDE.
And when it was brought up during the the 'crisis', we were told, "You only care about the Economy".
YES YOU DIPSH***!!
Cause the economy is what puts food on the table.
Heat/electricity into our homes.
All the lovely toys that we have become accustomed to.
And of course, they trotted out economists Paul Krugman.
A man that seems to be wrong almost all the time.
WEATHERMEN have a higher accuracy rating than that guy.
The Cassandra metaphor (variously labeled the Cassandra "syndrome", "complex", "phenomenon", "predicament", "dilemma", "curse") relates to a person whose valid warnings or concerns are disbelieved by others.
The term originates in Greek mythology. Cassandra was a daughter of Priam, the King of Troy. Struck by her beauty, Apollo provided her with the gift of prophecy, but when Cassandra refused Apollo's romantic advances, he placed a curse ensuring that nobody would believe her warnings. Cassandra was left with the knowledge of future events, but could neither alter these events nor convince others of the validity of her predictions.
