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New Talking Point: ‘Nationalism,’ Immigration Restrictions And Downplaying Jan 6 Are To Blame For 40 Year High INFLATION

Not Biden or the Fed

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SEAN GLADWELL / Getty Images

Under the Biden administration, Americans are facing record high inflation with the cost of living the highest it has been for forty years. What is to blame? Biden’s insane ‘transition’ energy policy? The fallout of the restrictions stemming from the pandemic? The Federal Reserve printing press? No, apparently the cause of inflation is now ‘nationalism’, having borders and downplaying what happened on January 6th 2021.

That is according to former Treasury Secretary Larry Summers and BlackRock CEO Larry Fink.

Larry number one told CNN Sunday that Republicans are really to blame for the woeful economic situation.

Summers declared that “the banana Republicans who are saying that what happened on January 6th was nothing or OK are undermining the basic credibility of our country’s institutions and that in turn feeds through, uh, for inflation.”

“Because if you can’t trust the country’s government, why should you trust its money?” he added.

Summers appears to have pivoted away from repeatedly pointing out that inflation is a direct cause of the Federal Reserve being “behind the curve” on interest rates and the Biden Administration’s massive increase in spending, including the $1.9-trillion covid-relief legislation.

Meanwhile, Larry number two declared that inflation is “not Fed related,” and instead “the rise– whether you call it nationalism or the rise of this belief that we have to focus on communities that have been devastated by globalization, we need to find ways of creating better jobs for more Americans, that in itself is inflationary.”

Given that Fink works directly with Fed Chair Jerome H. Powell and Treasury Secretary Steven Mnuchin, it isn’t surprising that he would try to deflect blame from the Fed.

Fink added that “If you look at the rate of increase of immigrants, legal immigrants in the United States from 2000 to 2017 and the rate that we are growing immigration in the last five years we’re down 2 million, 2 million new entrants to the United States legally. That is very inflationary when we have full employment when we have these jobs think about all the need for workers.”

The talking point of not enough immigration being a cause of inflation has been on the table for some time with the Washington Post recently suggesting that the magic solution to rampant inflation and supply chain impediments would be to allow more immigrants into the country.

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    Economy

    Video: Reporter Asks White House If Americans’ Only Choice Is “$5 A Gallon Gas Or A $61,000 Electric Car?”

    “Sounds like a painful transition”

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    Steve Watson

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    The White House Press Secretary Karine Jean-Pierre was asked Thursday to explain why the Biden Administration’s only solution to soaring gas prices seems to be to ask Americans to deal with it or spend upwards of $55,000 on an electric vehicle.

    “A lot of people can’t afford a $61,000 electric car and they are also having a hard time affording gas right now. That sounds like a painful transition,” Fox News reporter Peter Doocy said to Jean-Pierre, referencing the several times Biden officials and the president himself have touted a ‘transition’ to green energy.

    “We are in a transition to clean energy…it’s going to create jobs,” Jean-Pierre responded, sounding like a broken record.

    “Yeah but who can afford an electric car? The average price is $61,000! Is that the choice $5 per gallon gas or a $61,000 electric car?” Doocy further inquired.

    “That’s apples to oranges. It’s not the same,” she responded.

    Jean-Pierre went on to tout Biden’s so called gas tax holiday, which even Democrats immediately dumped on Thursday:

    After repeatedly blaming Vladimir Putin for America’s soaring gas prices and cost of living, and then attacking American energy companies to boot, Biden spent Thursday blaming gas station owners for high prices:

    Seems like everyone except him and his administration is to blame.

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    Economy

    Pathetic: Only 11 Per Cent Believe Biden Narrative That Putin is to Blame For Record Gas Prices

    Majority blame the president.

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    JEFF J MITCHELL via Getty Images

    Only 11 per cent of Americans believe the Biden administration’s narrative that Vladimir Putin is to blame for record high gas prices, with the majority blaming Biden’s poor energy policies instead.

    A Rasmussen poll finds that 52 per cent of respondents think unaffordable gas prices are the fault of the president, with the vast majority rejecting the ‘Putin price hike’ excuse.

    The survey also found that 80 per cent of Republicans blame Biden for the energy crisis, while 54 per cent of Independents also say responsibility lies with the occupant of the Oval Office.

    29 per cent of respondents who didn’t blame Putin or Biden said greedy oil companies were the culprit.

    After the Biden administration’s attempt to blame the Russian leader failed to land, the White House has switched its rhetoric to start blaming oil companies, with Biden asserting the industry is “making more money than God.”

    The poll reveals that Americans are also unimpressed with the media’s attempt to prop up the failing Biden economy, with just 11 per cent saying it has gotten better, with 57 per cent rating his economic performance as “poor.”

    Biden loyalists have become increasingly absurd in trying to explain away gas price hikes and inflation, with former Treasury Secretary Larry Summers blaming people who downplay what happened on January 6.

    “The banana Republicans who are saying that what happened on January 6th was nothing or OK are undermining the basic credibility of our country’s institutions and that in turn feeds through, uh, for inflation,” said Summers.

    BlackRock CEO Larry Fink also ludicrously claimed “nationalism” was to blame for inflation, asserting, “The rise– whether you call it nationalism or the rise of this belief that we have to focus on communities that have been devastated by globalization, we need to find ways of creating better jobs for more Americans, that in itself is inflationary.”

    As we highlighted earlier, more emergency services in the U.S. are having to limit the amount of 911 calls that they are responding to in person because of record high gas prices.

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    Economy

    Video: More Emergency Services Not Responding to 911 Calls Due To Soaring Gas Prices

    Wasn’t this what Democrats wanted?

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    Steve Watson

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    More emergency services in the U.S. are having to limit the amount of 911 calls that they are responding to in person because of record high gas prices in Joe Biden’s America.

    NBC News reports that responders are cutting key services in order to save on costs.

    Those services include patrol reductions, postponing building inspections, delaying training courses for staff and even not physically responding to emergency calls.

    Watch:

    As we previously noted, sheriff’s departments and police everywhere are blowing through their gas budgets and having to find ways of recouping the costs.

    Wasn’t this what Democrats wanted though? To defund the police. Well now they got it, just in a more round about way.

    Gas prices have rocketed beyond $5 per gallon nationwide, according to AAA data and have more than doubled since Joe Biden entered the White House.

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