CNBC’s on-air editor Rick Santelli ridiculed the Biden regime due to it’s constant change of reasoning as to why inflation continues to reach dizzying heights.
According to the report from the Bureau of Labor Statistics, inflation has increased a staggering 7.9 percent on a year-to-year basis in February, which marks the highest level in over 40 years and went beyond original expectations.
On CNBC’s “Squawk Box” Santelli expressed pointedly “And of course, this inflation news is going to be tough for the administration. Nothing, Joe, nothing has been more politicized than inflation! Just let’s harken back to all the things we’ve been through. First, it was transitory, then ‘inflation is good.’ Then we went to ‘corporate greed.’ Now we’re at Putin.”
“It’s probably all of the above, but no matter how you slice it it’s all about commodities for the most part. And king commodity is energy, and most people in the United States are reminded about that every three to four days when they go fill up their tanks.” He added.
Watch it here: Rumble/Video
In July 2021, The White House assured the American public that the steep jump in inflation is purely temporary and would dissipate by the end of 2022. Jen Psaki even said that the administration is entirely aware of “the threat that inflation poses” and the administration would be “vigilant” in their response. “It’s important for Americans to know and understand that these impacts are temporary, and some of these price increases are a result of the economy turning back on.”
Then in October 2021, Tapper was told by the White House press secretary that experiencing the rise in inflation is a “good thing” because it indicates “more people are buying goods” which is “increasing the demand.” It should be noted that this statement from Psaki came after White House chief of staff Ron Klain labeled inflation and supply chain issues as “high-class problems” in his Twitter post.
Biden was quick to point the finger at Russian president Vladimir Putin as the cause for inflation on Twitter, as he has for the rising gas prices in the recent past, and stated “reminder that Americans’ budgets are being stretched by price increases and families are starting to feel the impacts of Putin’s price hike.”
Today’s inflation report is a reminder that Americans’ budgets are being stretched by price increases and families are starting to feel the impacts of Putin’s price hike. But I am fighting to bring down the everyday prices that are squeezing Americans. https://t.co/PVJqBeTvQS
— President Biden (@POTUS) March 10, 2022