{"id":494088,"date":"2022-09-16T22:46:55","date_gmt":"2022-09-16T19:46:55","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cnbcs-joe-kernen-challenges-buttigieg-on-inflation\/"},"modified":"2022-09-16T22:46:55","modified_gmt":"2022-09-16T19:46:55","slug":"cnbcs-joe-kernen-challenges-buttigieg-on-inflation","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cnbcs-joe-kernen-challenges-buttigieg-on-inflation\/","title":{"rendered":"#CNBC&#8217;s Joe Kernen challenges Buttigieg on inflation"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a25b4177d693\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a25b4177d693\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/cnbcs-joe-kernen-challenges-buttigieg-on-inflation\/#%E2%80%9CCNBCs_Joe_Kernen_challenges_Buttigieg_on_inflation%E2%80%9D\" >&#8220;CNBC&#8217;s Joe Kernen challenges Buttigieg on inflation&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CCNBCs_Joe_Kernen_challenges_Buttigieg_on_inflation%E2%80%9D\"><\/span>&#8220;CNBC&#8217;s Joe Kernen challenges Buttigieg on inflation&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>CNBC anchor Joe Kernen took Transportation Secretary Pete Buttigieg to task on Friday for the Biden administration holding a celebration on the same day that a worse-than-expected August inflation report caused stocks to tank.<\/p>\n<p>President Biden held a party on the White House\u2019s South Lawn on Tuesday to celebrate passage of the Inflation Reduction Act. The event occurred even as the Dow Jones Industrial Average fell nearly 1,300 points in response to federal data showing prices jumped 8.3% in August.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/video\/2021\/09\/13\/august-freight-costs-see-record-year-over-year-increase.html\">Kernen initially asked Buttigieg<\/a> whether he felt it was a \u201cmistake\u201d for the White House to hold the celebration \u2014 but he turned more aggressive when the Biden cabinet member argued the party was warranted because of the Democrat-backed legislation\u2019s long-term benefits.<\/p>\n<p>\u201cOn that day it looked really tone-deaf. What you\u2019re telling me is, just stick to the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">script<\/a>,\u201d Kernen said.<\/p>\n<p>\u201c\u2019The economy is great, the border is secure, our cities are safe.\u2019 Wouldn\u2019t it be better to just be honest? Wouldn\u2019t it be better to just be honest with the American people about the soup that we\u2019re in right now and we can all try to deal with it together?\u201d Kernen added.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\/>\n<p>Buttigieg stood his ground while touting the Inflation Reduction Act\u2019s investments in climate-related spending and clauses to lower prescription drug costs.<\/p>\n<p>\u201cNobody\u2019s saying that we don\u2019t have any problems, but if you don\u2019t pause and recognize the meaning of one of the most significant pieces of legislation so far in the 21st century, just because we also have a lot of other problems, then I think you\u2019re really feeding into a narrative that\u2019s really pulling America down and holding America back,\u201d Buttigieg said.<\/p>\n<p>The conversation shifted to a discussion of the legislation\u2019s name, with Kernen questioning why Democratic lawmakers referred to the law as the \u201cInflation Reduction Act.\u201d Independent analyses have found the legislation, with its significant outlays for green energy and health care, will have little to no benefit on decades-high inflation.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"560\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/buttigieg-inflation-04.jpg?w=1024\" alt=\"CNBC segment\" class=\"wp-image-23895121\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/buttigieg-inflation-04.jpg?quality=75&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/buttigieg-inflation-04.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/buttigieg-inflation-04.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Buttigieg argued the Inflation Reduction Act will have short- and long-term benefits for inflation.<\/figcaption><figcaption><span class=\"credit\">CNBC<\/span><\/figcaption><\/figure>\n<p>\u201cIt wasn\u2019t named the Climate Act. You deliberately, and some people would say erroneously, named it the Inflation Reduction Act and you\u2019re celebrating it again on a day when, again, we had 40-year highs in inflation,\u201d Kernen said.<\/p>\n<p>\u201cYou know how it affects people on the low end of things,\u201d he continued. \u201cIt\u2019s like the most insidious problem an economy can face.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/buttigieg-inflation-02.jpg?w=1024\" alt=\"Pete Buttigieg\" class=\"wp-image-23895117\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/buttigieg-inflation-02.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/buttigieg-inflation-02.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/buttigieg-inflation-02.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Pete Buttigieg attended the White House\u2019s celebration of the Inflation Reduction Act\u2019s passage.<\/figcaption><figcaption><span class=\"credit\">AP<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"560\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/buttigieg-inflation-03.jpg?w=1024\" alt=\"CNBC segment\" class=\"wp-image-23895118\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/buttigieg-inflation-03.jpg?quality=75&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/buttigieg-inflation-03.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/buttigieg-inflation-03.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>CNBC\u2019s Joe Kernen pressed Pete Buttigieg to be honest about the impact of inflation.<\/figcaption><figcaption><span class=\"credit\">CNBC<\/span><\/figcaption><\/figure>\n<p>\u00a0\u201cThe worst thing about inflation is it means people are paying too much by definition for things,\u201d Buttigieg responded. \u201cWhat this bill does is allow people to pay less for things.\u201d<\/p>\n<p>The Biden administration faced widespread pushback over its response to the most recent Consumer Price Index data.<\/p>\n<p>Earlier this week, CNN cut away from Biden\u2019s speech at the event, with anchors pointing out it was \u201chard to be celebratory\u201d while the stock market was in freefall.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/09\/16\/cnbcs-joe-kernen-challenges-buttigieg-on-inflation-wouldnt-it-be-better-to-just-be-honest\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;CNBC&#8217;s Joe Kernen challenges Buttigieg on inflation&#8221; CNBC anchor Joe Kernen took Transportation Secretary Pete Buttigieg to task on Friday for the Biden administration holding a celebration on the same day that a worse-than-expected August inflation report caused stocks to tank. President Biden held a party on the White House\u2019s South Lawn on Tuesday to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":494089,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/buttigieg-inflation-main.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[133339,70500,71739,5069,70551,86817,72388],"class_list":["post-494088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-9-16-22","tag-broadcast-journalism","tag-cnbc","tag-economy","tag-inflation","tag-pete-buttigieg","tag-stock-market"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/494088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=494088"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/494088\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/494089"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=494088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=494088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=494088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}