agip wrote:
Joe-nomics continue to kick tushie
Hey let's toss overboard the people who delivered a brilliant economy in favor of the guy who thinks tariffs are taxes on foreign countries and speaks in utter gibberish about economics.
JPM's DAVID KELLY, on
@CNBC
:
We think inflation will run at a 2.6% annual rate next week. Meanwhile, unemployment is running at 4.2%.
"That combination is better than it's been for 85% of the time over the past 50 years."
Inflation under Biden has averaged 5.41%, the highest since Carter (10.4%). Inflation is coming down because congressional Republicans and Manchin were able to push the Intermountain Natural Gas Pipeline across the finish line that Biden and the formerly Democrat majority congress had blocked for years. It started operation in June and immediately brought down energy inflation that Biden and the Democrats had been sitting on for years.