By Milt Harris ——Bio and Archives--March 29, 2024
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In 2022, Larry Fink, the CEO of Blackrock made in excess of 32,000,000 in total compensation. So, Fink could care less about inflation. Among his duties, double speak and spin must be a high priority, because he sure tried to tell a whopper this week when he was interviewed by Jim Cramer on “Mad Money.”
Fink attempted to minimize the negative impact that Bidenomics has had on the lives of average Americans. He went as far as promoting the notion that inflation is beneficial, which is a tactic that Biden himself has employed. This strategy involves disregarding the negative effects, fabricating statistics, and deceiving the public by insisting that everything is fine.
During the interview, Cramer asked Fink:
Fink responded with this combination of word salad, spin, double speak, and lying:
Of that mishmash here is what you need to focus on. Inflation is going higher and whatever planet Fink lives on, that’s a good thing. He ignores the fact that every time we go to the store, get gas, or pay for a service the prices are much higher. He expects us to ignore the truth that we see with our own eyes and believe what we are told without question. Even when we are being told that things are going to get worse Fink thinks that we should be thankful.
His rhetoric on the infrastructure, digitization, and decarbonization creating a lot of jobs is nothing more than hot air. The Biden administration has no idea how to build anything, bring anything back besides misery, or make anything better.
If inflation was an elevator and Biden was the operator the only thing anyone would hear is “going up.”
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Milt spent thirty years as a sales and operations manager for an international manufacturing company. He is also a four-time published author on a variety of subjects. Now, he spends most of his time researching and writing about conservative politics and liberal folly.