White House press secretary Jen Psaki offered tortured reasoning on Friday to explain away inflationary pressures and rising costs for everything from food to gasoline and clothing that is hitting working-class Americans the hardest, declaring it to be a “good thing.”
“A year ago, people were in their homes, 10 percent of people were unemployed. Gas prices were low because nobody was driving. People weren’t buying goods because they didn’t have jobs,” Psaki said. “Now, more people have jobs, more people are buying goods, that’s increasing the demand. That’s a good thing.”
“At the same time, we also know that the supply is low because we’re coming out of the pandemic and because a bunch of manufacturing sectors across the world have shut down, because ports haven’t been functioning as they should be,” Psaki continued. “These are all things we’re working through.”
Jen Psaki Defends Rising Prices: 'Good Thing' Because it Means 'More People are Buying Goods' pic.twitter.com/IaKVYVSCbR
— Jason Rantz on KTTH Radio (@jasonrantz) October 15, 2021
Recent surveys have found that most Americans blame President Biden for rising inflation which is serving as a hidden tax on their incomes.
According to the Trafalgar Group/Convention of the States poll in June, 39% of respondents blamed Biden, while 17.7% placed the blame on former President Donald Trump.
“The poll also revealed that some voters feel Congress is to blame for rising inflation, with 14.4% blaming the current Congress, compared to 10.9% who blame the previous Congress,” the Washington Examiner reported.
Independent voters blamed Biden more than Trump as well, by a 35.5-16.9% margin, the survey said.
The poll came amid already steadily rising prices for a range of goods, services, and commodities and inflationary pressures that have not been seen in decades.
When people think about how government policies may affect their personal finances, they think of taxes—or, how much the government takes out of your paycheck,” said Rep. Jim Banks, R-Ind., in a statement. “We want them to think of inflation, too, because government policies affect how far your paycheck will go.”
Banks is proposing “a change to House rules requiring committees to report how legislation will affect inflation to highlight the recent price increases many Republicans attribute to President Biden’s policies,” Fox Business reported.
“The chairman of Obama’s Council of Economic Advisors blasted Biden’s spending spree: ‘I don’t know any economist that was recommending something the size of what was done,’” the Republican Study Committee, which Banks chairs, tweeted late last month.
“Biden ignored his own party’s economists. Now we pay the price via inflation.”
In August, former House Speaker Newt Gingrich (R-Ga.) predicted rising costs would lead to big GOP victories during next year’s midterms.
“The $3.5 trillion spending bill set up to follow the $1.1 trillion infrastructure bill (which has little to do with infrastructure) should be called what it really is: The Higher Inflation and Bigger Debt Act,” Gingrich noted.
“If the economy keeps slowing, and the inflation keeps rising, the 2022 election will be a drowning time for failed Democrats,” he wrote.
“The next time some member of the House or Senate tries to sell you on the positive aspects of the $3.5 trillion reconciliation bill, remember that the price tag for all the goodies may be raging inflation, a dramatically higher debt, and a much weaker economy,” he added.