And so, it is — I sincerely mean this: Prices are up now, and they’re up in — for example, you’re in a position where you’re trying to build a house, trying to find two-by-fours and lumber. Well, guess what? People stopped working cutting lumber. They stopped doing it because they — the unemployment was so down. Now, all of a sudden, there’s this need because people are coming back. And guess what? Instead of paying 10 cents, you’re paying 20. But you understand what I’m saying.
Got that? Do you "understand what he is saying?
I can tell you how the MSM would report that if it was Trump. "Can you believe it? Trump thinks it is no big deal if you pay twice as much because of his insane policies! There you have the billionaire perspective in nutshell!".
But this is Biden, so basically it doesn't get reported, in the MSM at all, while it would be headline fake news if Trump said the same thing. Certainly there are elements of "fake" in the whe way NR reports it, however compared to the way the MSM would have trimmed to a misleading meme under Trump, it is fairly honest, they include more context.
“Prices are up now. For example, we’re in a position where you’re trying to build a house, trying to find two-by-fours lumber. Well guess what? People stopped working cutting lumber, they stopped doing it because the unemployment was so down. Now all of a sudden there’s this need because people are coming back and guess what? Instead of paying ten cents you’re paying 20,” he said.
That is exactly the WH transcript of what he said. I bet dollars to donuts that the MSM meme if it was Trump would be; "Trump claims doubling prices not a big deal!".
How does one parse "Well, guess what? People stopped working cutting lumber. They stopped doing it because they — the unemployment was so down."
Was he trying to say they quit cutting lumber because there were a bunch of stimulus payments and unemployment benefit extensions so people quit working? Unemployment was UP, not down ... less people were cutting lumber and pretty much any other sort of work, and the government was pumping money into the economy so spending was up. More money chasing less goods, so inflation is up! Duh.
Prices are also up because energy is a major foundation of the economy, and doing as much as you can to stop fracking and other energy production drives prices up. LP here in IA is a $1.50 now vs $1 last year at this time. Earth to Biden!
The NR link is pretty good. No matter what the cadaver in chief says, printing money is inflationary, and printing more money is even more inflationary!
If Biden gets what he wants, he will pump ANOTHER $4.4 trillion into a $20 trillion economy!
Oh, and trust him, that is going to reduct inflation.