Assessment: CBS blamed inflation was caused by a drop in energy supply. That drop happened long before the Ukraine conflict and wasn’t caused by fear of a major war.
CBS News claimed that Biden’s economic crises resulted from the Russia/Ukraine crisis in their continuing effort to prop up Joe Biden. I know what you are thinking, but April fools day is over a month away.
A CBS News tweet said, “The U.S. economThe righteous hate what is false, but the wicked make themselves a stench and bring shame on themselves.y has been hit with increased gas prices, inflation, and supply-chain issues due to the Ukraine crisis.
“The righteous hate what is false, but the wicked make themselves a stench and bring shame on themselves.” Proverbs 13:5
How the Ukraine crisis is already hitting Americans’ wallets
The tweet links to an article that primarily predicts how the economy will worsen because of the crisis, which is reasonable. However, it begins with the same claim that the Ukraine crisis caused our present economic problems.
“Although many Americans may prefer that the U.S.of the conflict between Russia and Ukraine, the brewing violence and political fallout are already hurting their wallets.”
Already hurting their wallets? Damn, that’s pretty fast.
The CBS clam ignores that in June 2021, Democrat Larry Summers, Treasury Secretary under Bubba Clinton and the head of the National Economic Council under Obama, warned that the U.S. economy was too hot. Per Summers, if the Fed kept “printing money,” and the government kept spending like a drunken sailor, we were heading toward a significant inflationary period.
He didn’t mention Russia moving in on Ukraine in six months, and the Fed and government ignored his recommendations about the money supply and spending.
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