The rich liberal elites of CBS News made it clear that their concerns about inflation didn’t have to do with the painful cost it was inflicting upon average Americans, but that it could cost Democrats the midterm elections in 2022. This fact was evident during Sunday’s Face the Nation when moderator Margaret Brennan pressed Treasury Secretary Janet Yellen to get inflation under control and specifically mentioned the elections next year and the potential “political cost to this.”
It was clear that election results were Brennan’s chief concern from the get-go. This was evident when Brennan cut to their video interview on Friday.
BRENNAN Do you believe that average American prices will fall by next November or Election Day?
YELLEN – The pandemic is dictating the economic and inflation policies. It is essential that we continue fighting the pandemic if we wish to lower inflation. The pandemic is what causes inflation, and it is crucial to understand why.
After noting that used car prices were up 26 percent and “gasoline up 50 percent, eggs 12 percent, milk six percent, coffee six percent,” Brennan wondered: “When does it get better? When do those spikes abate,” and followed up by reminding Yellen “There could be political consequences.”
Yellen admitted that there might be a cost to politics at first, but she soon realized this and began shifting her concern towards the public. “Yes. Well, there’s an economic cost, and Americans feel it, and when gas rises – average is now over three dollars-a-gallon, and some places quite a bit higher – Americans notice it, and it makes a difference,” she said.
Janet, it’s a good save.
Brennan also tried to shield the Biden government by pointing the finger at former President Trump for the China tariffs. “China’s leadership has repeatedly requested that the Trump-era tariffs be removed. What would make it cheaper if Biden’s administration did the same?,” she asked.
The media and the left never let a crisis go to waste, so Brennan used the opportunity to play up President Biden’s loose immigration policies and the so-called, Build Back Better agenda:
BRENNAN
YELLEN – Well, yes, immigration has many problems, but one thing that I see is that supply shortfalls are caused by a lack of certain workers.
BRENNAN: How does an economic recovery without paid leave look?
The midterms were a concern because average Americans felt the pain and pushed back. That’s a bit better than NBC’s Stephanie Ruhle who earlier that day suggested the “Little secret” was that the public could afford to live with inflation.
Because of their lucrative sponsorships, this show of concern about election results rather than the welfare of American citizens was possible. GoogleAnd Facebook. You can find their contact information linked to let you know about biased news that they are funding.
Below is the transcript. Click “expand to read:
CBS’s Face the Nation
November 14, 2021
Eastern 10:35.26MARGARET BRENNAN : We visited the Treasury Department in Washington on Friday and met Secretary Janet Yellen. Unsurprisingly, she told us that economic stability is dependent on the pandemic.
[Cuts to video]
According to you, inflation will likely be present until at least the second-half of next year. Is it possible to predict that the average American’s prices will fall by November, the day before Election Day?
JANET YELLEN – The pandemic is dictating the course of the economy as well as the rate at which inflation rises. It is essential that we continue fighting the pandemic if we wish to lower inflation. The pandemic is what causes inflation, and it is crucial to understand why.
(…)
Eastern, 10:37.22
We are experiencing broad-based price rises due to supply disruptions and the shift in– toward products. The shortage of semiconductors has really caused car prices to go up for both new and used.
BRENNAN – 26 percent increase in used car sales year-over year
YELLEN: Yes.
BRENNAN
YELLEN : There are some significant price rises.
BRENNAN: When does it get better? When will those spikes subside?
YELLEN – When the economy has recovered enough from COVID, demand patterns change. People eat out more, travel more and spend more money on services. Then, the demand for goods starts to return to its normal level.
The pandemic has also impacted labor supply. Participation in the labor force is declining. The situation has not improved. If we succeed with the pandemic (which I believe will be sometime in the second-half of next year), I expect the prices to return to normal.
BRENNAN
YELLEN: Yes. Well, there’s an economic cost, and Americans feel it, and when gas rises – average is now over three dollars-a-gallon, and some places quite a bit higher – Americans notice it, and it makes a difference. It’s crucial to consider inflation within the context of an improving economy.
BRENNAN. China’s leaders continually asked that the Trump-era tariffs be removed. What would make it cheaper if Biden’s administration did the same?
YELLEN : That would be a difference. The tariffs tend to increase domestic prices. These tariffs were imposed by Trump and his administration as a response to unfair trade practices.
(…)
Eastern, 10:42:41
BRENNAN
YELLEN – Well, yes, immigration has many problems, but one thing that I see is that supply shortfalls are caused by a lack of certain workers.
BRENNAN: How does an economic recovery without paid leave look?
(…)
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