After being questioned about the present economic catastrophe sweeping the country, White House Press Secretary Karine Jean-Pierre provided some replies that seemed to indicate she and the current Biden administration are not living in the same reality as the rest of us.
When Fox News journalist Peter Doocy finally got a chance to question Jean-Pierre, he came out swinging for the fences, firing forth a question regarding the stock market’s current downward spiral.
“President Biden once bragged about the stock market hitting ‘record after record after record on my watch.’ How about now?” Doocy inquired, pointing out that all of President Biden’s accomplishments had been erased.
Stocks officially entered bear market territory about the same time as the news conference, meaning the S&P 500 index has plummeted 20% or more from its all-time high. However, Jean-Pierre instantly avoided addressing the question.
Instead of responding to the topic about the stock market, Jean-Pierre blamed global concerns and observed that other nations are experiencing inflation, before blaming Russian President Vladimir Putin and the COVID epidemic for the troubles we’re seeing at home.
According to Jean-Pierre, the White House feels that Americans, whose incomes are losing buying power due to rising inflation, are well positioned to weather the storm, saying that Biden is to blame for the economy’s unprecedented advances.
When asked how President Joe Biden would respond to Americans worried about their diminishing 401(k) funds, Jean-Pierre proceeded to spew out-of-touch remarks.
According to Jean-Pierre, the employment market in America is the best it has ever been.
The San Francisco Federal Reserve completed a research in March, determining that Biden’s coronavirus boost is indeed pushing inflation.