As the old saying goes, “whistling past the graveyard” describes someone who’s scared to death and failing miserably in putting on a brave face.
If that’s the case, then Joe Chi Minh’s National Economic Council Deputy Director Bharat Ramamurti isn’t just making a high pitched noise via pursed lips… this yutz has the entire USC Marching Trojans and a few battalions of artillery firing for effect whilst strolling past the cemetery.
In an interview with Yahoo Finance (by way of MSN.com), Ramamurti is trying his damndest to convinc e the rest of us that much higher than expected inflation “is actually a good sign.”
How exactly is the purchasing power of our dollars taking a nose-dive “a good sign”?
Anyone who actually believes this idiot will be delusional enough to tell us that Xiden is really calling the shots in the Oval Office.
As reported (emphasis mine);
National Economic Council Deputy Director Bharat Ramamurti also told Yahoo Finance that the recent inflation jump is actually a positive sign. “The faster than expected increase in some of those prices is actually a good sign in the sense that it’s a sign that the economy is recovering faster than a lot of people expected,” he said.
In April, the Consumer Price Index (CPI) jumped at an annualized rate of 4.2%, the biggest leap in more than 12 years, the Bureau of Labor Statistics recently reported. The three categories that saw the biggest spikes in prices included used cars and trucks; airline fees; and car rentals and lodging away from home. On Friday, the Commerce Department reported that another measure of inflation, the Personal Consumption Expenditures (PCE) price index, also surged in April well beyond the Federal Reserve’s 2% target rate for inflation.
Speaking to Yahoo Finance, Ramamurti noted that some of the inflation simply reflects the economy’s return to normal after the pandemic. “In some cases, those price increases are just bringing us back to the levels we were at before,” he says, highlighting airline tickets as one example.
The BLS data does show that airline ticket prices — which fell in 2020 during the height of the pandemic — are now rising but still below 2019 levels. Still, the prices of used cars and trucks have reached all time highs after a 10% jump last month.
Hold on tight, folks. These morons won’t be satisfied until the United States is officially degraded to the status of Third-World shithole.