Pete Kaliner: Celebrating the whipping of inflation as inflation rises

Source: The Washington Post / Getty

While the stock market cratered upon the release of a new report showing inflation rising, the White House celebrated the demise of inflation. In one of the worst-timed political PR events in world history, the Biden Administration held a party to commemorate passage of the Inflation Reduction Act… just as the new data was released.

They even brought in James Taylor to sing “You’ve Got A Friend” – which is largely believed to be a song about suicide prevention. The last time Democrats trotted Taylor out to sing the tune was in 2015 after France suffered multiple terrorist attacks.

Ed Morrissey at HotAir:

Today’s consumer price index report shows year-on-year inflation still roaring at 8.3%, thanks in part to soaring food costs, which offset a plateau on gasoline prices.

However, even without food and energy, inflation picked up steam last month, as core CPI rose back above six percent year-on-year, and 0.6% month-on-month…

To paraphrase James Taylor… we’ve seen sunny days that we thought would never end.

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