White House: Inflation Not A Threat

[Jeff in Cincinnati]

I post this because the person making the assessment that inflation is under control is Gregory Mankiw, the same guy who in 2002 projected that the Bush Tax Cuts would have created an additional six million new jobs (he missed the bullseye by eight million jobs) and who earlier this year tried to argue that outsourcing is really "a good thing" for the U.S. economy.

All of which leads me to believe that we're in for one helluva bout with inflation.

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