Bidenomics? Since January 2021, Regular Gasoline Prices Up 57% Under Biden, CRB Foodstuffs Up 55% As Strategic Petroleum Reserves DOWN -46% (10Y-2Y Treasury Curve Inverts To -102.45)

Confounded Interest ^ | 07/24/2023 | Anthony B. Sanders

[Kaiser8408a]

Jared Bernstein was VP Joe Biden’s former Chief Economist and is now chair of the United States Council of Economic Advisers. Pretty impressive! Except that Bernstein is not really an economist. He has a PhD in social welfare from Columbia University. In other words, Bernstein is a Progressive Marxist cheerleader, not a real economist. Perfect for The Biden Adminstration where they installed a small town Mayor with no experience (Buttigieg) as Transportation Secretary.

But Bernstein’s interview with Fox’s Shannon Bream on gas prices under Biden says it all about his economic acumen:

Top economic advisor Jared Bernstein tries and fails to brag about gas prices under Biden.

HOST: “…what about where we started? Because when [Biden] took office, it was $2.39/gallon. Now, it’s about $3.60/gallon…”

BERNSTEIN: “Yes, it depends on what your benchmark is.”

Bernstein’s answer reminds me of the infamous reply of President Clinton about having sex in the Oval Office with Monica Lewinsky: “It depends on what the definition of sex is.”

Well, Jared, here is the data.

Since January 2021, regular gasoline prices are up 57% under Biden’s and Bernstein’s Reigns of Error. CRB Foodstuffs are up 55% under Clueless Joe and Diesel prices 50% under Bully Biden. Meanwhile, the Strategic Petroleum Reserves is DOWN -46% under Hidin’ Biden.

Meanwhile, the US Treasury 10Y-2Y yield curve has inverted to -102.45 as it does prior to a recession. I would love to hear “economist” Jared Bernstein explain that!

[Kaiser8408a]

Bernstein is a progressive clown.

[mikelets456]

Idiots where I work keep stating “inflation has slowed down”. I always reply”but prices are up over 21% from 2 years ago and aren’t going down…also, package sizing is smaller so you have to buy more”.

Usually silence ensues…I can not believe people buy into the media’s crap!

[Tennessee Nana]

Here in SE TN regular gasoline prices are 3X what they were in Jan 2021 ...

[donozark]

And yet, Morgan-Stanley stated Biden’s anti-inflation act was working. Go figure. I can’t...

[Bob434]

Had to restoc, the food supply the other day spent $250- couldn’t beleive how little was In The two bags. I remeber when $250 got you a cart load of groceries, and it wasn’t that long ago either.

[himno hero]

Let’s add in the per capita debt load and it’s increase on the average Joe tax paying American.

The whole agenda is to bankrupt Americans... That’s the obamian death to America crowd.

[bitt]

p

[lurk]

Notice the price per donut.

[Vaduz]

I can not believe people buy into the media’s crap.

They are media lemmings to lazy to take the time to think it’s another reason why we have so many problems.

[GOPJ]

The liars in the democrat party (with help from their butt boys in the press) - will ONLY quote statistics starting from some artificial turn-around point to make it look like things are better. They won't go back to when Biden became President.

Manipulation, lies, and deception - that's what Biden will run on and that's all the stupid people in the press will "see" or pass on ..

It's all so predictable.

[bgill]

The only thing to do is break into our oil reserves to bring prices down... uh, nevermind...

[1Old Pro]

They are simply liars and frauds

[Tennessee Nana]

Too late