'Been Owed This for 5 Years'! Scott Jennings Calls Out Randi Weingarten's Lies...
Up Next for Dem Sen. Chris Van Hollen: Margaritas With Judge Dugan?
Massive Explosion Rocks Iranian Port of Bandar Abbas Causing Widespread Damage, Injuries (...
'This Is a Crime'! CNN Legal Analyst Throws a Wrench In Dems' Narrative...
Milwaukee Democrat Rep Encourages People to Obstruct ICE from Arresting Criminal Illegal A...
Scott Jennings Schools CNN Panelists on Why an Activist Judge’s Arrest Had to...
FOIA Revelation: Biden White House Labeled Libs of TikTok and Gays Against Groomers...
Ken Dilanian Loved Going After Trump but Thinks Arresting Judges Who Break the...
As More Activist Judges Get Arrested Let’s Remind Democrats that ‘No One Is...
Writer and Pop Culture Expert Says Draft Overlooking Shedeur Sanders is Like Whipping...
Epstein Accuser and Abuse Survivor Virginia Giuffre Found Dead by Suicide
Jamie Raskin is OUTRAGED that a Judge Could Face Justice for Allegedly Helping...
Kash Patel's 'No One Is Above the Law' Judicial Perp Walk Pic Is...
Guy Benson Questions 'Dill'-emma: Friend Ousted from Pickleball League Over Politics
Judiciary Dems Begin Campaign of Lies to Defend Judge Who Allegedly Helped Illegal...

THERE it is! Paul Krugman goes all-out for a Ron Klain retweet with this spin on inflation

This morning we learned that the inflation that Team Biden tried to convince everybody would be “transitory” is anything but as the June rate soared to a 40-year high:

Advertisement

The Biden presidency is going great:

The latest consumer inflation number released Wednesday showed price hikes accelerated 1.3 percent in June (compared to a one percent increase in May) to reach a whopping 9.1 percent in the last 12 months, according to the Bureau of Labor Statistics.

As BLS explains in their release for Wednesday’s data, the price of most goods and services continues to spike out of control as the Fed tries to spike interest rates in order to slow the increases — so far to no avail:

The increase was broad-based, with the indexes for gasoline, shelter, and food being the largest contributors. The energy index rose 7.5 percent over the month and contributed nearly half of the all items increase, with the gasoline index rising 11.2 percent and the other major component indexes also rising. The food index rose 1.0 percent in June, as did the food at home index.

Right on cue, New York Times economist Paul Krugman was serving up some spin:

Advertisement

It’s almost as if Ron Klain hacked Krugman’s account and is doing an online impression of the Nobel laureate:

The Biden White House will certainly appreciate Krugman’s help with the spin, which is basically “nothing to see here!”

This foundering administration will be sending Krugman a thank-you note very soon.

Advertisement

Remember when Krugman predicted the markets would likely never recover after Trump was elected? He only missed that by one president.


https://twitter.com/RCuzino/status/1547208079330140160

Being so consistently wrong must be a requirement to maintain employment as a New York Times economist.

***

Related:

Katie Pavlich reminds the White House of its spin on the economy from *Monday* as inflation hits 9.1%

Join the conversation as a VIP Member

Recommended

Trending on Twitchy Videos

Advertisement
Advertisement
Advertisement