In what looks like a moment of unintended truthfulness, Joe Biden’s new press secretary, Karine Jean-Pierre, let slip the administration’s attitude toward the current collapse of the stock market and rampant inflation hurting Americans. When asked about the economy she said, “That’s not something that we keep an eye on every day.” One wonders what, in fact, the administration is keeping an eye on all day. Monica Showalter reports on Jean-Pierre’s comments in The American Thinker:
The monster 1,160 point stock drop on the Dow Jones Industrial Average Wednesday, the highest drop since the advent of the pandemic in 2020 was kind of a … nothingburger for the Biden White House.
According to the Washington Examiner:
The White House downplayed Wednesday’s drop in the stock market and defended the Federal Reserve’s independence after interest rate hikes to curb high inflation.
The Dow Jones Industrial Average fell 1,160 points in the worst day of trading since June 2020 as investors expect further rate increases despite assurances from Federal Reserve Chairman Jerome Powell.
Many economists think the Fed has been too slow to act to control the price spikes.
“Nothing has changed in how we see the stock market,” White House press secretary Karine Jean-Pierretold reporters at Wednesday’s briefing.
“That’s not something that we keep an eye on every day.”
In contrast to Jean-Pierre’s comments, former Biden Press Secretary told the press of the market “we monitor it.”
Pierre “That’s not something we keep an eye on every day”
Jen “We monitor it every day and since President Joe has taken office, the stock market is up considerably”
Joe blamed the stock market drop on… COVID😂
Charles Payne “We are in TROUBLE” May 2 pic.twitter.com/kHYnk2TKdG
— Joni Job (@jj_talking) May 19, 2022
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