Democrats Struggle To Answer This Economic Question

President Joe Biden’s senior economic advisor dodged questions from Fox News anchor Martha MacCallum about when inflation will start to decline on Friday.

“Can you tell me the time frame?” Gene Sperling, a senior advisor to the president who oversees the American Rescue Plan, was questioned by MacCallum about the issue. “Because, clearly, let’s put up where inflation has gone since the start of the Biden presidency, this is a major issue, and you have Larry Summers saying, look, because once you eat excessively, you are going to be uncomfortable for a really long period of time,” Sperling said. “And he has stated time and time again that this market received far too much stimulus. We are looking at a pretty challenging chart at this point. Give us an idea of the timing if this inflation reduction act is going to eventually succeed. You know, from an economist’s perspective.” Sperling dodged the issue and asserted that the Inflation Reduction Act, which President Biden signed into law in August, was a collection of policies, mentioning everything from decreased energy prices to price caps on insulin and prescription medications. Sperling did not provide an explanation.

“Now that there are some encouraging signals, I do feel more optimistic. Higher inventories usually result in more discounts and cheaper pricing,” according to Sperling. “The number of people entering the work market was extremely high. We are experiencing a cooling in property prices and the housing market, which is one of the difficulties. However, it does occasionally take a little while to show up. It might take a little while for that to formally manifest itself in the inflation statistics. Therefore, I believe we are headed in the correct direction.”

“When do you anticipate folks to actually experience any relief from the chart we just presented? How many months are left—five, six, two, or three?” McCallum enquired.

“People are already feeling relieved because gas prices have dropped by more than $1.30 a gallon,” according to Sperling. “On average, you pay less than $3.70. Currently, a typical gas station costs roughly $3.39. People may be feeling some relief, I believe.”

In August, the Consumer Price Index increased 8.3% year over year, following increases of 8.5% in July, 9.1% in June, and 8.6% in May.

Author: Blake Ambrose

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8 thoughts on “Democrats Struggle To Answer This Economic Question”

  1. We haven’t seen gas dropping that much! Maybe at the most, 40 cents? I wonder where he is getting these prices? But if it makes themselves feel better….that’s OK….we will tell them how we feel at the polls in November!

    1. Just like big box stores, quadruple the price, then lower back to regular price for sale, masses grovel then love their Global Cabal masters.

      1. Hey, here in CA the price of gas NEVER dropped a friggin penny during these last two months!
        FJB is the most dispicible vermin that ever lived.
        What a complete and utter catastrophe this “ presidency” has been

        A brain dead puppet living in the White House, worthless as the day is long

  2. Sure the idiot is saying gas prices are coming down. What he isn’t saying is that he is draining the reserves and we will have nothing left. For the idiot to replace the reserves will cost triple and the gas prices will go way above $7 a gallon. That what you get for having a lying cheating pedophile as president. God, I miss President Trump!!

    1. First, drain our National emergency supplies, military resources, digitize currency, sell off our natural resources, land, manufacturing, agri businesses, medicines, dumb down, indoctrination, dehumanizing our children, murdering fetuses, criminalizing law abiding citizens, freeing Criminals to continue. THE WHOLE GLOBAL CABAL’S PLAN TO DEPOPULATE THE EARTH BY 95PERCENT, REMAINING 5PERCENT ENSLAVED TO THEM AS WORKERS, SEX AND TORTURE, AND FINALLY AS A FOOD SOURCE. SOYLENT GREEN IS COMING. WAKE UP PEOPLE WAKE UP!

    2. Yes, lowering the prices by draining reserves is another Dem ploy to sway voters this fall. Prices will soar immediately afterward. Sadly, your average Democrat is far too dumb to grasp such complex political maneuvers–their brains go into a circular litany of “Orange man bad, drooling man good. Vote for drooling man.”
      They believe what they are told by their evil masters and do their bidding.

  3. I, keep asking the Question. YA’LL SEEN ENOUGH YET? The Whole Global Cabal, demoncRATs and RINOS, ALL SATAN’S DEMON SPAWN MINIONS DESERVE DIRT NAPS. YA’LL KNOW WHAT NEEDS TO BE DONE, GIT R DUN! LGB,FJB. VOTE,VOTE,VOTE CONSERVATIVE AT ALL LEVELS OF GOVERNMENT. NCSWIC,WWG1WGA, P.A.N.I.C. I’m not a BOT nor a Spammer. I’m a American Veteran,Trucker and GreatGrandpa. President Trump’s still my President. Yahweh save our poor souls, Amen. WAKE UP PEOPLE WAKE UP! 4 MAJOR ENTITIES CONGLOMERATES CONTROL THE WORLD THROUGH GLOBAL CABAL
    1. PETROLEUM
    2. PHARMACEUTICALS
    3. INSURANCE
    4. AGRICULTURAL
    THEY ALL OWN EACH OTHER, THEN THE MILITARY INDUSTRIAL COMPLEX.
    WAKE UP PEOPLE WAKE UP!

  4. “Inflation” won’t have a chance to go down until we get Democrats out of the majority leadership of both the house and senate, plus the white house. Run away spending by the Democrat-controlled congress is the primary cause of our country’s latest financial crisis. A trillion for this, another trillion for that, pretty soon you’re talking about real money… Right Democrats?

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