Economy
Biden Snaps At Interviewer For Asking About Inflation
During an interview with NBC News host Lester Holt on Thursday, Democrat President Joe Biden called Holt a “wise guy” for asking about Biden telling Americans that inflation would be “temporary” in July 2021.
“I think it was back in July, you said inflation was going to be temporary,” Holt said. “I think a lot of Americans are wondering what your definition of temporary is.”
“Well, you’re being a wise guy with me a little bit, and I understand that’s your job,” Biden responded. “But look, at the time, what happened was the, uh, let’s look at the reasons for the inflation. And the reason for the inflation is the supply chains were cut off, meaning that the products, for example, automobiles, the lack of computer chips to be able to build those automobiles so they could function, they need those computer chips, they were not available.”
“So, what happens?” Biden added. “When the number of cars were reduced, the new cars reduced, it made up at one point one-third the cost of inflation because the price of automobiles were up.”
Holt’s question came as new data from the Department of Labor revealed that annual inflation had hit 7.5 percent – the highest level in 40 years.
Additionally, Biden’s attempt to blame inflation on rising automobile prices came the same day he tried to blame rising prescription drug prices.
“Everyone has less money in their pockets today because … of health insurance—it’s more expensive for everyone. Prescription drugs are a big chunk of that,” Biden claimed Thursday.
However, prescription drug prices have actually risen more slowly than the rate of inflation, suggesting that they are not to blame for the inflation crisis.
According to a new Stat report, prescription drug prices rose just under 5% in 2021 – far below the 7.5% rise in inflation in 2021. As reported by KHN, “As 2022 gets under way, pharmaceutical companies have so far raised wholesale prices by a median of 4.9% on more than 450 prescription medicines, an overall annual increase that is comparable to the price hikes seen over the past three years.”
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Slideglide
February 12, 2022 at 9:41 am
Biden, “you’re being a bit of a wise guy….but uh….er…you see…the thing is….look folks….what happened…but look….the deal is…I better not say anymore”.
This classic talking points that Biden uses to explain everything.
June Darling
February 12, 2022 at 10:14 am
O’Biden is sick on the head on top of being an Evil Bastard. Nothing new. Shame on his PHD wife for allowing he to be on full display from the beginning. The Dems cheated. How did it help them?
Immigrant Veteran
February 12, 2022 at 6:35 pm
This incoherent, illogical, shell of a person needs to sent out to pasture. We all knows he’s too dumb, weak, and frail, that some others in the nefarious underworld are pulling the strings.
lawrence
February 12, 2022 at 6:48 pm
he is not running the country so he do no know anything. Inflation is costing food on the table to go up. one do not care about automobiles as it will not get on go hungry.
Rhonda Powers
February 13, 2022 at 12:41 pm
Joe will never accept that the blame for inflation is all him and his poor decisions.
Angrypatriot58
February 13, 2022 at 1:04 pm
Biden doesn’t have a clue!
Nick
February 14, 2022 at 9:13 am
I’m not a really for or against Biden at all, but attempting to skew the narrative with headlines like “Biden Snaps at Interviewer” is just childish and manipulative. I had to watch the clip twice to even figure out WHERE someone could claim he was ‘snapping’ at the interviewer. Then all I could think about was how a self-righteous ‘Karen’ who is always looking to find something to take offense of must have wrote the headline.
Btrem49@gmail.com
February 16, 2022 at 9:40 am
If build back better had meaningful components instead of cash cow pie giveaways. Perhaps build in provisions for chip manufacturing and infrastructure failsafe jobs it could pass muster. Joe is just the mover in a bad odds shell game!
herschel kitchens
February 16, 2022 at 5:23 pm
Why is Inflation this bad China is building most of our parts and consumer goods they can wrap us up with product!!!
Steve Suhara
February 19, 2022 at 10:54 pm
Does he not know what causes inflation ??? It’s not having computer chips to make new cars ! Duh !