Will Somebody Please Fix These Problems! - Biden Orders Economic Council To ...

[G.L.R.]

Biden Responds to Soaring Inflation, Orders Economic Council to 'Reduce Energy Costs'

November 10, 2021



It's simple: Just get more guys on the job guys
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"Today's report shows an increase over last month. Inflation hurts  Americans pocketbooks [sic], and reversing this trend is a top priority  for me," Biden said. "The largest share of the increase in prices in this report is due to rising energy costs." The president said he directed his top economic aides to attempt to  "further reduce these costs," regarding energy prices. He also asked the  Federal Trade Commission to deal with "market manipulation or price  gouging in this sector." High inflation is eroding wage gains, adding to the political risk  facing Biden, whose approval rating has been falling, according to a  number of recent polls, as Americans grow more anxious about the  economy. The Federal Reserve and White House have maintained that inflation  will abate as supply chain bottlenecks are fixed... 111 such ships are now sitting outside the ports of Los Angeles and  Long Beach.

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Biden's answer to shutting down pipelines was to turn to OPEC to increase supplies
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"Risks are clearly shifting toward U.S. inflation remaining elevated longer than previously thought, but that doesn't mean that it's permanent," ... a senior economist at Moody's Analytics... "The Fed could face a situation where higher  consumer prices begin to weigh on consumer spending, reducing GDP  growth." Later in his statement, Biden urged Congress to approve his "Build  Back Better" agenda, coming after the House approved a Senate-passed  $1.2 trillion infrastructure bill last week. A larger, $1.75 trillion  social spending package is being debated in Congress. "By all accounts, the threat posed by record inflation to the  American people is not 'transitory' and is instead getting worse,"

Biden's answer to inflation is to inflate the money supply so Americans don't have to go to work and wear masks

Manchin wrote.  "From the grocery store to the gas pump, Americans know the inflation  tax is real and DC can no longer ignore the economic pain Americans feel  every day." The Congressional Budget Office on Nov. 9 released a statement saying  lawmakers will have to wait longer for a full score on the social  spending bill. The consumer price index jumped 0.9 percent last month after climbing  0.4 percent in September...  That was the biggest year-on-year rise since November 1990 and followed a  5.4 percent advance in September...

Biden Responds to Soaring Inflation, Orders Economic Council to 'Reduce Energy Costs'
https://www.theepochtimes.com/mkt_breakingnews/biden-responds-to-soaring-inflation-orders-economic-council-to-reduce-energy-costs_4097612.html