There are some things that we can count upon as the world seems to be in chaos.
Paul Krugman is wrong and Joe Biden tells lies.
In the past, we’ve discussed some of Krugman’s highlights (or lowlights?). He even tried to spout some nonsense last month about “how quickly the inflation has fallen and how painless it is.” How can it be painless when the inflation has been going on since 2021, and costs Americans hundreds of dollars more every month? The rising interest rates are also a major problem for Americans.
This new comment from Krugman would definitely be a candidate to make the Krugman Best of the Worst List.
Krugman’s hilarious jokes about Bidenflation seemed to cover the biggest problem with Biden’s claims.
The war on inflation is over. We won, at very little cost pic.twitter.com/opumf3nEvL
— Paul Krugman (@paulkrugman) October 12, 2023
Check out his subheading, it’s pretty funny.
He says inflation is over – if you take out everything important, such as food, energy, and shelter. What a ridiculous statement! How can one take such a person seriously?
As you can tell, Community Notes was not having it. They called the omissions of the important categories “misleading”.
Did you also notice that it was over then? I didn’t. Media that reported consumer price increases in September were more than expected did not either. The high prices are still killing us all. “At very low cost”? He has no clue about the struggles of Americans who have had to deal with higher prices for the last two years.
In September, prices consumers paid for goods and services rose at a faster pace than expected. This keeps inflation on the radar of policymakers.
According to a report released by the Labor Department on Thursday, the consumer price index (a closely watched inflation gauge) increased 0.4% from last month and 3.7% compared to a year earlier. This compares to Dow Jones’ estimates of 0.3% for the month and 3.6% from a year ago. In August, headline inflation rose by 0.6%.
It’s still higher now than when Biden took office, even though it has decreased from its peak under Biden. I don’t know who he thinks fought “the war on inflation”, since Biden pushed it up through excessive government spending.
It’s a good thing nobody needs food, energy, shelter, or transportation. https://t.co/nB286JYTx4
— Ted Cruz (@tedcruz) October 13, 2023
It’s been such a shitty week so thank you for the laugh. Guys, if you exclude food, energy, shelter or used cars, we’re doing super great! https://t.co/iikrCyRq5S
— Karol Markowicz (@karol) October 12, 2023
If you carry the one, add eleventy billion and destroy this entire chart, the data shows we’re doing amazing!
— Kira (@RealKiraDavis) October 12, 2023
“The price of sunblock, miniature golf admissions, tinted contact lenses and cellphone cases have all stabilized — INFLATION IS OVER! (just do not go grocery shopping)”
— Krugman https://t.co/r5SYmyzXqW
— Brad Slager: CNN+ Lifetime Subscriber (@MartiniShark) October 12, 2023
— Kyle Mann (@The_Kyle_Mann) October 12, 2023
You always have the best analysis. pic.twitter.com/eLIB9t6cjn
— Brian Nichols (@BNicholsLiberty) October 12, 2023