Biden has gone without any form of checks and balances—His insane spending issues flooded the economy with freshly printed money and now, predictably, the value of the dollar is down. With inflation on an 8% rise, Americans are struggling to survive but according to the brilliant minds at MSNBC—It will all go away if we just stop ‘bitching and moaning about it.
Stephanie Ruhle says that consumers complain, but keep spending and that’s what’s causing inflation. She was joined by Chris Hayes, and David Jolly when Ruhle dropped her new novel idea.
Jolly was just about to discuss how the student loan forgiveness program is going to cause inflation to grow when Ruhle interrupted him, “Okay, hold on, wait, wait, wait. Can we just say before we get to that, there’s a dirty little secret that people don’t like to talk about?”
That’s when Ruhle snapped at consumers, “When you talk about the economy being so bad, or inflation being so bad, just stay with me. We have two economies in this country. For people who are economically vulnerable before COVID, things are even worse now. But for people who have white-collar jobs, yes purchasing power is harder, it has become more difficult.”
She continued, “However, one of the things that keeps prices so high is our willingness to pay those high prices. Consumer demand is still really strong and I’m not just talking about buying bacon and eggs and gas. I’m talking about travel, leisure—”
She concluded that people keep spending and that’s why we have higher prices, “We’re bitching and moaning that we don’t like that hamburgers cost $25 but we’re still lining up to go to those restaurants.
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Transcript
RUHLE: Okay, hold on, wait, wait, wait. Can we just say before we get to that, there’s a dirty little secret that people don’t like to talk about?
HAYES: Please.
RUHLE: When you talk about the economy being so bad, or inflation being so bad, just stay with me. We have two economies in this country. For people who are economically vulnerable before COVID, things are even worse now. But for people who have white collar jobs, yes purchasing power is harder, it has become more difficult.
However, one of the things that keeps prices so high is our willingness to pay those high prices. Consumer demand is still really strong and I’m not just talking about buying bacon and eggs and gas. I’m talking about travel, leisure—
HAYES: Yeah.
RUHLE: — Going out to restaurants. We’re bitching and moaning that we don’t like that hamburgers cost $25 but we’re still lining up to go to those restaurants.
HAYES: Yeah.
RUHLE: So consumers who are yelling about inflation, and I get it, it’s bad, we have to take a hard look at ourselves. We’re contributing to it.