https://www.americanthinker.com/blog/2023/01/ron_klain_says_bidens_got_inflation_licked_so_alls_hunky_dory.html
Just as Joe Biden gets ready to declare his plan to run for reelection, out come the cuckoos from Clock Biden, telling us there’s nothing to see anymore on inflation. It’s all gone, so put those coupons and calculators at the supermarket away.
That’s what we are effectively getting from White House Chief of Staff Ron Klain, who, after assuring us inflation was ‘transitory’ now assures us inflation is all done and over with.
Now, what he’s referring to is a January 5 Wall Street Journal op-ed by Democrat political fixture Alan Blinder, who’s a professor of economics at Princeton these days. Blinder avers that the Fed’s successive rate hikes have brought the rate of increases down, and so, the month-on-month inflation rate is indeed 2.5%. What’s pesky, he notes, is that everyone is looking at the annual inflation rate, which currently stands at 7.1%.
According to Matt Margolis, writing at PJMedia:
“When inflation was at 40-year highs, there was no shortage of coverage. But now,” he tweeted, pointing to a report that inflation in the second half of 2022 decreased to 2% after climbing to a rate above 7%.
According to data released by the U.S. Labor Department on Dec. 13, the annual inflation rate for the 12 months ending in November 2022 was 7.1%, down from 7.7% before.
The annual inflation rate was 7.0% in 2021 and 1.4% in 2020. The highest annual inflation rate under President Trump was 2.3%
Well whoop dee doo.