Psaki Explains Inflation’s a Good Thing, a ‘High Class Problem’– Good to Know


Jen Psaki was on CNN with Jake Tapper who questioned her about the soaring inflation. Tapper outlined the very serious problem and asked, “But doesn’t it seem tone deaf to say that rising prices and empty grocery store shelves are high class problems? Isn’t that a bit dismissive?”

“Well, that’s not exactly what the tweet said nor the retweet of the original tweet, which is what we’re talking about here,” she claimed [her first lie].

And the lies continued, “…the unemployment rate is about half what it was a year ago. So a year ago, people were in their homes, 10 percent of people were unemployed. Gas prices were low because nobody was driving. People weren’t buying goods because they didn’t have jobs. Now more people have jobs. More people are buying goods. That’s increasing the demand. That’s a good thing.”

The gas was low because there was plenty of it, now there isn’t thanks to Biden; 4.3 million left the workforce last month; and the goods are stacked on barges outside the LA and Long Beach harbors.

It’s a good thing? This woman is delusional.

“At the same time, we also know that the supply is low because we’re coming out of the pandemic and because a bunch of manufacturing sectors across the world have shut down because ports haven’t been functioning as they should be,” she noted. “These are all things we’re working through. What people should know is that inflation is going to come down next year. Economists have said that, they’re all projecting that. But we’re working to attack these cost issues that are impacting the American people every single day. But there’s different issues in different sectors and many of the ones you mentioned.”

“High class problem” is the new Dem buzzword and it’s illogical. Inflation will miraculously come down? No, it won’t. The rate might but the inflation won’t.

She’s an economic retard.



Biden’s chief of staff [maybe even the president since we know Biden isn’t] Ron Klain has been pushing this ‘high class problem’ nonsense.

Klain retweeted Harvard Professor Jason Furman on Wednesday who diagnosed the current inflation spike as only a problem for the upper class.

“Most of the economic problems we’re facing (inflation, supply chains, etc.) are high class problems. We wouldn’t have had them if the unemployment rate was still 10 percent. We would instead have had a much worse problem,” Furman tweeted.

These geniuses want you peasants to know that you’re too dumb to understand that it’s the rich who are paying more, not you.

If he meant the rich had the problem, that’s nuts. The upper class has the money to handle inflation. They don’t care if bacon is $7 a pound when they pay $50 for a good steak without blinking. It’s the seniors, the poor, the middle class who have the problem.

Perhaps he meant unemployment is worse. He’s wrong on that count too.

These people will say anything.


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2 years ago

Every time the Government spends a Penny for which it does not collect in taxes, it creates inflation which becomes a Hidden Tax. This is because Deficit Spending is not backed by Production. Production is what gives Fiat Currency value. Inflation makes everyone poorer, but effectively becomes an inverse progressive tax hitting the elderly and working poor the hardest. Inflation also chips away at the buying power of the Middle Class which stalls the economy. America needs a Balanced Budget Amendment and a 5% reduction in the Federal Government every year until TOTAL Federal Government Spending is 10% of GDP or less. Today the Federal Government spends over 30% of GDP and more and more of that spending is deficit spending which is ramping up inflation to unsustainable levels. If the Government had to pay the same rate of interest as the average American spends on their credit cards, the Federal Government would be Bankrupt. It simply wouldn’t be able to serve a 12% annual Debt cost, i.e. an 3.6 Trillion dollar interest payment per year. Right now the FED is playing games with Interest rates, but it can’t do this forever.

Our present stagflation problem is 100% Traitor Joe Policy created. As soon as he shut down Oil Production, we could no longer control energy cost. Energy Cost inflation is over 50% in just 9 months and if we have a bad winter, it will go over 100%. Energy cost slows the US Economy more than anything else causing price increases for everything. The combination of a economic slowdown and increasing cost due to shortages creates Stagflation. What’s worse is it generally takes twice as much time to climb out of a Stagflation cycle as it took to get into it. This always happens in the US Economy when Energy Cost goes up. The Climate Change Wackos think doing away with fossil fuels is a great idea, but the result will be a return to historical sources of energy, like candles and whale oil for light and logs or coal for heat which causes considerable more pollution. Here in the Pine belt, you already see people stocking up the wood pile for the Winter because Propane cost are through the roof. Taking out a tree or two on your ranch here cost almost nothing. In a Big Blue City your only option is to freeze since no one has books to burn anymore.

The key to a prosperous America is small Government and minimal Regulation. Large Government will destroy the Middle Class and make the Poor dirt poor while at the same time making the rich filthy rich. We have seen this over the Last 30 years, and have seen similar periods in our history every time Government Spending got out of control and rose above10% of GDP. This is not rocket science. It used to be basic economics taught in Grammar School when we had Old Math based on solid, time tested economic principles. The Capitalist System works much better when Government is forced to expand the economy in order to spend more money.

Make Rhodesia Great Again
Make Rhodesia Great Again
2 years ago

The shelves are all empty and the gas is rising.
Hospitals are so quiet you could hear a mouse.
The comrades are hoping that they can heat the house.
A long Dark Winter is creeping upon the land and you can see Satan’s red left hand.

It isn’t incompetence, it is the burn it all down better plan.
The inversion of everything because the faculty lounge are evolved enlightened beings, the ones that we have been waiting for, mmm, mmm, mmm, yes we can.
Forward to Zimbabwe!