Friday morning brought catastrophic results showing inflation yet again at a forty year high. It was even bad enough to blow past expectations. Predictably, President Joe Biden’s response involved blaming Russian President Vladimir Putin. White House Economist Cecilia Rouse tried to repeat that bogus excuse that same day, but not even CNN’s Jim Sciutto would let her get away with it.
Shortly after the numbers were release, Rouse appeared on “CNN Newsroom” where Sciutto directly asked her “does the White House see any relief in these numbers for Americans in the near future, and if so, when?”
Through her fumbled response, Rouse failed to give a proper response. “So, look, the president very much understands and we very much understand that that we’ve got uncomfortably high inflation. What we saw in the data this month was that month on month prices increased overall, the headline CPI increased about 1 percent, and about half of that was due to food and energy, which can be almost directly tied to Putin’s invasion of Ukraine.”
Rouse looked to continue by saying “and so” before Sciutto cut in. “It’s not just that, you know,” he said, as sounding less than patient with this administration’s tactic to blame everyone else. “It’s not–prices are rising, I get it. I get the world oil markets are up, but you know pricing are rising for everything: used cars, rent.”
Faced with Scuitto’s pushback, Rouse had no choice but to concede to his point. “Absolutely. And so, and the president understands that and so he has, like, he has emphasized he’s focused on this as part of his plan, I know this doesn’t sound like a plan, but first and foremost he respects the independence of the federal reserve.” (Read more from “White House Economist Has No Plan for Bidenflation” HERE)
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