MSNBC Guest: Calm Down About Inflation, It's Not As Bad As You Think

June 22nd, 2022 10:03 PM

Americans are struggling to pay to fill up their vehicles to get to and from work and buy groceries to feed their families; and with each passing day, things get more and more expensive because of the forty-year high inflation spurred by the Biden administration’s reckless spending. Yet, according to Washington Post columnist Michelle Singletary, you only think you are worse off than you really are and you need to “calm down and back off.” 

On Wednesday afternoon’s Chris Jansing Reports on MSNBC, host Chris Jansing brought on Singletary who purports to be a personal finance expert to ask why Americans would rather the United States be in a recession than have high inflation. 

“There's a new poll out by Politico Morning Consult that I think is quite revealing. It shows 38 percent of Americans say they would rather see a recession than the inflation that we're dealing with,” Jansing said. 

“I read that to mean more than a third of Americans are so pressed by what they're having to pay for gas, for food, everyday items, rent, that they'd rather see a recession,” Jansing added. “Is that where we are right now?”

 

 

In response, Singletary admitted what she was about to say would cause controversy, but said it anyway: 

You know, I'm just going to say this. And if I binged for it, I don't care. There's a great deal of Americans where it is uncomfortable that they're spending more, but they are not going to go under. You know you got to stop complaining when there's so many people who literally the inflation rate means they may only have two meals instead of three. There are Americans who did extremely well in the last two years in the market. You still have your job. And yeah, it's costing you more for gas, but guess what, you're still going to take that holiday, that Fourth of July vacation. You can still eat out. So I'm going to need you to calm down and back off. Because it feeds into this fear and then this fear feeds into people making decisions that creates the very thing they're fearful of.

After that elitist's offensive commentary, she asked people to “stop looking at your portfolio” and use that energy “to help put some food on the table of somebody else's house because you have extra.”  

She then doubled down on her flat-out false claim that Americans aren’t suffering from inflation: “overall, many Americans are not suffering as much as they think they are, and we can think things into existence because we are unrealistically fearful of something that hasn't happened yet.” 

All available polling and economic data say the opposite including the Politico poll that Jansing read to her prior to her heartless rant. 

Unfortunately, the leftist media have decided the only way for the Democrats to hold onto power is to gaslight Americans into believing that economic conditions aren’t as bad as they believe. Who do you believe? Michelle Singletary, or your lying bank account? 

This appalling display of economic ignorance and elitism was made possible by Walmart and Subway. Their information is linked so you can let them know about the kind of programming they fund. 

To read the relevant transcript of this segment, click “expand”: 

MSNBC’s Chris Jansing Reports
6/22/2022
1:23:24 p.m. Eastern

CHRIS JANSING: Well, you speak about those folks who are living paycheck to paycheck, and there's a new poll out by Politico Morning Consult that I think is quite revealing. It shows 38 percent of Americans say they would rather see a recession than the inflation that we're dealing with. I mean, I read that to mean more than a third of Americans are so pressed by what they're having to pay for gas, for food, everyday items, rent, that they'd rather see a recession. Is that where we are right now? 

MICHELLE SINGLETARY: You know, I'm just going to say this. And if I binged for it, I don't care. There's a great deal of Americans where it is uncomfortable that they're spending more, but they are not going to go under. You know you got to stop complaining when there's so many people who literally the inflation rate means they may only have two meals instead of three. There are Americans who did extremely well in the last two years in the market. You still have your job. And yeah, it's costing you more for gas, but guess what, you're still going to take that holiday, that Fourth of July vacation. You can still eat out. So I'm going to need you to calm down and back off. Because it feeds into this fear and then this fear feeds into people making decisions that creates the very thing they're fearful of. 

And if you're in that category, calm down. Stop looking at your portfolio. And you know what you can do with all that energy? Help other people, help put some food on the table of somebody else's house because you have extra. Now, the other half of America, anything that we can do to help them to get to the job that they need to keep to put that food on the table, those are the folks that we need to concentrate on. And if they are responding to this survey saying that they're afraid, I get that. But overall, many Americans are not suffering as much as they think they are, and we can think things into existence because we are unrealistically fearful of something that hasn't happened yet.