With CPI now hitting 8.5%, Jen Psaki’s bid to blame Putin gets old fast – IOTW Report

With CPI now hitting 8.5%, Jen Psaki’s bid to blame Putin gets old fast

American Thinker

A stopped clock is right twice a day, and sure enough, that brings us to White House spokesweasel Jen Psaki.

The latter spoke the truth for once, at least on the words “extraordinarily elevated,” now that the consumer price index (CPI) has been released, showing a higher-than-forecast 8.5% rise, and sure enough, for once she was right.

According to the Daily Caller, she tried to prime the ground for the coming number just yesterday:

“Because of the actions were taken to address the ‘Putin Price Hike,’ we are in a better place than we were last month, but we expect March … CPI headline inflation to be extraordinarily elevated due to ‘Putin’s Price Hike’, and we expect a large difference between core and headline inflation, reflecting the global disruptions in energy and food markets,” Psaki said.

The rest of her statement was garbage.

She still claims that the whole fiasco was Russian president Vladimir Putin’s doing, and America’s economy is simply helpless in the face of Russia’s gargantuan and merciless economic shadow.

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5 Comments on With CPI now hitting 8.5%, Jen Psaki’s bid to blame Putin gets old fast

  1. The federal reserve and central banking is the cause. We were told by them since 2009 that inflation was too low as they wanted to inflate away the money printing from the great recession. The phenomenon isn’t inflation itself, but the LACK of inflation we experienced until recently. We’ve been warned of high inflation due to reckless policy and spending for over a decade. Now it’s here the goons in charge put blame on Putin and totally ignore the federal reserve that has done everything in its power to raise inflation for the past 13 years.

    The fed was administering CPR to the patient for over a decade and suddenly the patient comes to life and the goons say Look, Squirrel!

    I’m not surprised by inflation one bit. I am surprised it took this long to show up and I’m surprised it isn’t even higher. Around 10% inflation after all that’s been piled onto the economy is NOTHING. We’re still getting warmed up and the Putin excuse will shift to something else like climate change when we start to hit real numbers over 30%.

    Oh, and if this is all indeed “Putin’s Price Hike” then someone explain why we don’t lift sanctions that cause them? So called Putin’s Price Hike is self-inflicted and we have the tools to fix it overnight. So why don’t they? Because it’s not Putin!! It’s 100% the federal reserve and central bank induced. And they will blame everything and everyone else before the real cause to keep course and remain in power. Mainstream populace is so damn dumbed down they’ll never notice diversions.

    Here’s a good idea. Let’s send out another round of trillion-dollar stimulus, of which only 11% goes to the citizens, to tame the harm that inflation is causing. It will be brilliant!

    Literally the ONLY tool left is to print MOAR. The same thing that caused this in the first place. Yes, it will happen. Remember the 2008/9 recession we were told we need to spend our way out of debt? Yea, that was ridiculous then, but with Modern Monetary Theory today, it’s the only way!

    The mainstream populace would be thrilled to receive another free account fill-up. Politicians will push hard for it to quell the immediate effects of inflation. ANYTHING to take blame off the main cause: The federal reserve debt slave system.

    We’re circling the drain.

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