Morning Jolt: Biden Just Doesn’t Get It on Inflation

On the menu today: This is one of those mornings when, by the time I've finished writing the Jolt, I'm irked and irritated, because there's mounting evidence that we're still in the middle of a long, difficult bout with inflation, not almost done with it. Meanwhile, our president thinks he isn't getting enough credit because in the past few months, "Inflation hasn't spiked. It has just barely — it's been basically even." Stuck around the worst inflation rate in 40 years is a terrible place to be, and this president is indignant that people aren't being more appreciative of the amazing job he's doing.

Pouring Gasoline on the Inflationary Fire

There's a good reason to be worried about inflation.

The Consumer Price Index measures how today's prices compare to the prices twelve months ago. If you see 2 percent inflation as normal or stable as the Federal Reserve does, then when the CPI number gets well beyond 2 percent, that's when we worry. If you look at the month-by-month numbers ...

TODAY'S MORNING JOLT WITH JIM GERAGHTY IS PRESENTED BY

WITH JIM GERAGHTY September 21 2022 WITH JIM GERAGHTY September 21 2022 Biden Just Doesn't Get It on Inflation On the menu today: This is one of those mornings when, by the time I've finished writing the Jolt, I'm irked and irritated, because there's mounting evidence that we're still in the middle of a long, difficult bout with inflation, not almost done with it. Meanwhile, our president thinks he isn't getting enough credit because in the past few months, "Inflation hasn't spiked. It has just barely — it's been basically even." Stuck around the worst inflation rate in 40 years is a terrible place to be, and this president is indignant that people aren't being more appreciative of the amazing job he's doing. Pouring Gasoline on the Inflationary Fire There's a good reason to be worried about inflation. The Consumer Price Index measures how today's prices compare to the prices twelve months ago. If you see 2 percent inflation as normal or stable as the Federal Reserve does, then when the CPI number gets well beyond 2 percent, that's when we worry. If you look at the month-by-month numbers ...   READ MORE

ADVERTISEMENT New From Robert Sirico: The Economics of the Parables The parables of the New Testament remain ubiquitous, and yet few have stopped to glean wisdom from one of Christ's most frequently addressed subjects: money. In this new book, Rev. Robert A. Sirico uncovers the enduring financial truths and practical lessons found in Christ's parables. Learn more Trending on National Review 1. Youngkin Gets in the Fight 2. Biden Is Working to Undermine America's Authority at the U.N. 3. 'Don't do that sh**!' &c. Top Stories Armond White The Woman King Is Bad News The Woman King's comic-book premise treats black audiences like children. It's fake history for uninformed viewers ... Dan McLaughlin The Pollster Who Thinks It's Happening Again for Republicans Robert Cahaly of Trafalgar explains why his polls show Republicans competitive even in some of the bluest ... NEWS Putin Orders Mobilization of Reservists, Makes Nuclear Threat: 'This Is Not a Bluff' Putin accused western countries of weaponizing the Ukraine conflict to ‘divide and destroy ... Andrew Follett Leading Science Journal Will Now Reject Inconvenient Scientific Truths Prominent academic journal "Nature" demands that only science compatible with an ideologically fashionable ... NEWS Suspect Admits to Fatally Plowing Car into Republican Teen in 'Politically Motivated'... The suspect said he targeted the teen due to his membership in a ‘Republican extremist group.’ ADVERTISEMENT PODCASTS A Farewell of Sorts Episode 471: Sixty Excruciating... PHOTOS Today in History: September 21 USS Higgins VIDEO Biden Speaks Out on... King Charles III Shares... NRPLUS ARTICLES What Would a Russian Mobilization... CNN's Don Lemon Gets a History... ADVERTISEMENT ADVERTISEMENT Follow Us & Share 19 West 44th Street, Suite 1701, New York, NY, 10036, USA Your Preferences | Unsubscribe | Privacy View this e-mail in your browser.