White House Says Inflation Not Temporary
The Lead with Jake Tapper
CNN
3.5 • 1.7K Ratings
🗓️ 12 November 2021
⏱️ 78 minutes
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| 0:00.0 | So you're likely going to lose weight this Thanksgiving, but it will be from your wallet. |
| 0:07.7 | The lead starts right now. |
| 0:09.8 | And about face on the bloated price of almost everything, what the White House is now saying |
| 0:14.6 | about how long we're going to have to pay more. |
| 0:17.8 | After the shooter sobbed and the judge stole the spotlight, New Drama today as the defense |
| 0:22.2 | wraps up in the Kyle Rittenhouse trial in Kenosha. |
| 0:25.2 | Plus, the green American neighborhood where electric bills are six bucks a month and |
| 0:30.2 | herds of goats, mow your lawn, but will neighbors be able to keep developers off their greener |
| 0:36.9 | pastures? |
| 0:39.1 | Welcome to the lead object app. |
| 0:43.4 | We're going to start today with our money lead and a change of tone from the White House |
| 0:48.0 | as it acknowledges that the rising prices most of us are experiencing that they have downplayed |
| 0:53.2 | will likely last much longer than originally expected. |
| 0:56.4 | For weeks, President Biden has promised Americans that this inflation is only temporary, |
| 1:00.8 | but now he's admitting these higher prices are slowing down the economic recovery from |
| 1:05.0 | our emergency side of the coronavirus pandemic. |
| 1:07.9 | And top Biden officials are conceding it could be middle to end of next year, 2022, before |
| 1:14.1 | we begin to see any improvement on prices at the store, just this week, the Bureau of Labor |
| 1:18.5 | Statistics released data showing that since last October, 2020, gas prices have risen 50% |
| 1:26.3 | bacon and beef or up 20% eggs, furniture, televisions, all up double digits. |
| 1:31.8 | The White House is now scrambling to find new solutions convening frequent meetings of |
| 1:35.8 | topic economic experts, but as CNN's film Manningly reports for us now, President |
... |
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