As inflation hits yet another record high, CNN’s Jake Tapper took to task White House economic advisor Cecilia Rouse over the administration’s failure to do anything other than talk about the problem.
As previously reported, the Consumer Price Index (CPI) hit a staggering 9.1% in June, easily topping May’s 8.6% and beating the Dow Jones estimate of 8.8%.
It is the highest rate this nation has seen in nearly four decades.
America come down hard on Biden as inflation rate reaches staggering 9.1 percent https://t.co/24ej0fO6kL
— American Wire News (@americanwire_) July 13, 2022
Said Townhall managing editor Spencer Brown, “Accounting for 5.1% annual wage growth in June’s jobs report, President Joe Biden’s economy has delivered a 4% pay cut to Americans’ real wages.”
“That 9.1% number means Biden’s ‘Build Back Better’ economy reached a new 40-year high for inflation not seen since November 1981,” he continued. “Energy index (up 41.6%) is at its highest level since April 1980. Food index (up 41.6%) hasn’t seen this level since February 1981.”
That 9.1% number means Biden’s “Build Back Better” economy reached a new 40 year high for inflation not seen since November 1981.
Energy index (up 41.6%) is at its highest level since April 1980.
Food index (up 10.4%) hasn’t seen this level since February 1981.
— Spencer Brown (@itsSpencerBrown) July 13, 2022
On Wednesday’s edition of “The Lead,” Rouse joined Tapper to convince Americans that President Joe Biden is doing all he can do to combat the soul-crushing effects of soaring prices.
Citing lower gas prices and the president’s efforts to release more crude into the market, Rouse said, “There’s no question inflation is the number one economic challenge we’re facing in this country right now. That is why combatting inflation is the president’s number one priority.”
It would appear that Tapper is tired of the Biden administration’s excuses and empty promises.
“I just feel like every month one of you nice people from the White House comes on the show to talk about inflation, and you talk about these tools in the president’s tool kit and you don’t use them,” he stated. “You don’t use these tools. And you know, there’s debating and discussing going on, and meanwhile, prices are still going up.”
“Look, the president right now is in the Middle East because he wants to try to get as much oil on the market as possible,” Rouse replied. “That is the way that we bring down prices.”
“Oil is set on a global scale,” she continued. “We also recognize that the distance between oil production prices and what people pay at the pump is refining. So, he’s talking to refiners, trying to ensure they’re prepared for the hurricane season so that we keep as much refined product on the market as possible.”
Fox & Friends equate Biden op-ed to ‘permission slip’ before ‘begging for oil’ in trip to Saudi Arabia https://t.co/srFfha32ii
— Conservative News (@BIZPACReview) July 11, 2022
“The energy prices are seeping into other goods as well,” she stated. “We understand that. So this is a great time to talk about the rest of the president’s economic plans.”
“He wants to work with Congress to reduce prescription prices,” Rouse explained. “Utility costs, health care costs. He wants to lower the deficit, which we know also addresses inflation. He wants to do so by increasing taxes on the wealthiest individuals and corporations. He needs Congress to do so,” she said.
“He wants to ensure that we’re making chips here at home,” she stated. “Part of the price increases is the lack of supply of cars and that goes back to our semiconductor chip. Congress needs to– we’re open and willing. It’s a great time for Congress to act on these important economic initiatives.”
Tapper was not impressed.
“He’s the Democratic president and the Congress is controlled by Democrats,” he stated. “It’s not as though you don’t have each other’s phone numbers.”
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