Psaki: Price Rises a 'Good Thing' Because It Means 'More People Are Buying Goods'
White House press secretary defends spiralling costs on everyday goods
White House Press Secretary Jen Psaki has claimed that rising prices for everyday goods in Democrat Joe Biden's economy are a "good thing."
The Biden admin spokesperson argues that soaring costs for items are a positive sign because it means "more people are buying goods."
Speaking during an interview with CNN’s Jake Tapper on Friday afternoon, Psaki claimed that prices are rising because demand is surging.
"A year ago, people were in their homes, 10 percent of people were unemployed,” Psaki said.
"Gas prices were low because nobody was driving.
"People weren’t buying goods because they didn’t have jobs."
"Now, more people have jobs, more people are buying goods," Psaki continued.
"That’s increasing the demand.
"That’s a good thing.”
Jen Psaki Defends Rising Prices: 'Good Thing' Because it Means 'More People are Buying Goods' pic.twitter.com/IaKVYVSCbR— Jason Rantz on KTTH Radio (@jasonrantz) October 15, 2021
"At the same time, we also know that the supply is low because we’re coming out of the pandemic and because a bunch of manufacturing sectors across the world have shut down because ports haven’t been functioning as they should be," Psaki added.
“These are all things we’re working through.”
Psaki was shredded on social media over the comment:
Psaki weighs in with the time-honored "Let them eat cake" defense. https://t.co/oD7ic9OxqY— Jeff Carlson (@themarketswork) October 15, 2021
Blink. https://t.co/iK5UtDqXJo— Omri Ceren (@omriceren) October 15, 2021
LMAOOOOOO https://t.co/im3rgpx9rC— Caleb Hull (@CalebJHull) October 15, 2021
Biden had better find some people who aren’t Helen Keller tone deaf and he better find them soon. Working people fixing to revolt. https://t.co/RyXtxNDLfQ— Jesse Kelly (@JesseKellyDC) October 15, 2021
Run with that one. https://t.co/0bXKaVJ2N7— Stephen L. Miller (@redsteeze) October 15, 2021
"Having no milk to give to your children is a high class problem" https://t.co/2Ag0m4rc08— Fusilli Spock (@awstar11) October 15, 2021