Obama Admin Economist: ‘Quite Unlikely’ Inflation Will Go Back To Normal Soon

During a CNN interview, Larry Summers, who was Treasury Secretary under former President Bill Clinton and director of the National Economic Council under former President Barack Obama, warned that the ongoing inflation crisis was unlikely to subside in the near future. “Given that you were worried about this before almost anybody else, and given that now you have got all these CEOs saying it’s going to go a year, maybe even past that, right, at that point, it wouldn’t be transitory,” CNN host Erin Burnett said. “How long do you think inflation is going to go up?” “I think the

Trump Vindicated: WaPO Columnist Admits Post, Media Got Trump-Russia Collusion Wrong

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The headline on the front page of The New York Post captured the story about The Washington Post exactly: ‘BAD NEWS’ WaPo’s own media critic calls out WaPo, Buzzfeed: Back up Steele dossier reporting or retract it Washington Post media critic Erik Wemple wrote Monday that the indictment of Igor Danchenko is “bad news” for several media outlets. The essence? From the beginning of the Trump administration, The Washington Post – not to mention other media outlets with names like The New York Times, CNN, MSNBC, ABC, CBS and NBC – was running stories about supposed “sources” deep inside Russia

Democrat Sen. Manchin Slams Biden For Claiming Inflation Is ‘Transitory’

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Joe Biden

Democrat Sen. Joe Manchin (WV) slammed President Biden on Wednesday for Biden previously claiming the inflation crisis was just “transitory.” “By all accounts, the threat posed by record inflation to the American people is not ‘transitory’ and is instead getting worse. From the grocery store to the gas pump, Americans know the inflation tax is real and DC can no longer ignore the economic pain Americans feel every day,” Manchin wrote on Twitter. By all accounts, the threat posed by record inflation to the American people is not “transitory” and is instead getting worse. From the grocery store to the

Record Number Of Americans Quit Job In September

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4.4 million Americans quit their jobs in September, breaking a record set in August, according to new government data. According to a report by the U.S. Bureau of Labor Statistics released on Friday, the number of job openings remained nearly the same throughout the month of September, but the rate of people quitting their job rose to a record high. “The number of job openings was little changed at 10.4 million on the last business day of September,” the report explained. “Hires and total separations were little changed at 6.5 million and 6.2 million, respectively. Within separations, the quits level and rate

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