Economy
Consumer price index up, White House says it’s a ‘high class problem’
The Consumer Price Index for September showed a 0.4% increase. Even then, CPI adjusted that increase for the season. Without the adjustment, prices have gone up 5.4%.
Together, the food and shelter indexes made up for more than half of the increase. First, the index for food rose 0.9%. Then, the index for food at home increasing 1.2%.
Former Chairman of Council of Economic Advisers Jason Furman tried to brush the latest inflation report under the rug Wednesday. “Most of the economic problems we’re facing (inflation, supply chains, etc.) are high class problems,” Furman tweeted. “We wouldn’t have had them if the unemployment rate was still 10 percent. We would instead have had a much worse problem.” Furman served under the Obama administration.
Then, White House Chief of Staff shared Furman’s tweet. In response, podcast host Ben Shapiro pointed out the holes in that logic. “According to this administration, we must choose between massive inflation, shipping bottlenecks, and huge numbers of Americans dropping out of the workforce…or 10% unemployment,” Shapiro tweeted. “Good midterm messaging there.”
Since last September, the price index went up by 5.4%. Meanwhile, in the 12 months since August, it jumped by 5.3%.
You can follow Jenny Goldsberry on Twitter @jennyjournalism.
Economy
Biden’s 60 Minutes Interview Horrifies White House: ‘Does NOT Reflect the OFFICIAL Position’
Uh oh. Someone let President Joe Biden speak by himself again and damage control immediately ensued. President Joe Biden’s “60 Minutes” interview which aired on CBS Sunday was 60 minutes of pure torture for viewers and 60 minutes of pure angst for the White House; everyone but the president himself.
60 Minutes’ official Twitter account publicly called out the President’s answers with an embarrassing statement that his own administration was in disagreement with him:
“President Biden tells 60 Minutes that U.S. men and women would defend Taiwan in the vent of a Chinese invasion. However, after our interview, a White House official told us that U.S. policy on Taiwan has not changed.”
President Biden tells 60 Minutes that U.S. men and women would defend Taiwan in the event of a Chinese invasion. However, after our interview, a White House official told us that U.S. policy on Taiwan has not changed. https://t.co/ANg54LifSH pic.twitter.com/V5qjoqF36T
— 60 Minutes (@60Minutes) September 19, 2022
NEW: Asked on @60Minutes if US would defend Taiwan if it came under attack, Biden — again — says yes.
PELLEY: "To be clear, sir, U.S. forces, U.S. men and women, would defend Taiwan in the event of a Chinese invasion?"
BIDEN: "Yes."
(WH again says US policy hasn't changed.)
— Steven Portnoy (@stevenportnoy) September 18, 2022
CBS’ Scott Pelley also discussed inflation; an issue drastically affecting the welfare and wellbeing of families. Biden deflected with zero sympathy:
60 Min: "What can you do better to lower inflation?"
Biden: "inflation rate month to month was just up an inch."
60 Min:"You're not arguing 8.3% is good news?"
Biden: "You're acting like all of a sudden 'my God it went to 8.2%'"
60 Min: "It's the highest rate in 40 years." pic.twitter.com/DEwugGct4d
— Greg Price (@greg_price11) September 19, 2022
As for President Biden’s son Joe, he is sticking with the narrative that Hunter is the “smartest” person he knows and that “there’s not a single thing that I’ve observed at all that would affect me or the United States relative to my son Hunter.”
Biden also said that while the “proof of the pudding is in the eating” in response to being asked if he is fit to be President, Biden did not commit to saying whether or not he will run for re-election. His “intention” is to run again, “but that’s just intention” he said. “Is it a firm decision that I run again? That remains to be seen.”
“There’s not a single thing that I’ve observed at all that would affect me or the United States relative to my son Hunter,” President Biden tells 60 Minutes about his son Hunter Biden. https://t.co/7SixTElqbt pic.twitter.com/6E6FlxhzYp
— 60 Minutes (@60Minutes) September 19, 2022
60 Min: "Are you committed to running again?"
Biden: "My intention, as I said to begin with, is that I would run again. But it’s just an intention. But is it a firm decision that I run again? That remains to be seen,” pic.twitter.com/3R3W3I8e9Z
— Greg Price (@greg_price11) September 19, 2022
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