Fox News reporter Peter Doocy responded to Democrat President Joe Biden calling him a “stupid son of a b****” on Monday by laughing off the entire incident.
“Do you think inflation is a political liability for midterms?” Doocy asked.
“It’s a great asset, more inflation,” Biden responded. “What a stupid son of a b****.”
Doocy responded to the incident during an appearance on Fox News shortly after Biden called him the name.
“I couldn’t even hear him because people were shouting at us to get out,” Doocy said. “But somebody came up to me in the briefing room a few minutes later and said, ‘did you hear what the President said?’ And I said, ‘no, what?’ They said, ‘he called you a stupid SOB, and I said, ‘did he say SOB?’ And the person said, ‘no.'”
“So, Doocy, I think the president’s right, you are a stupid SOB,” Fox News host Jesse Watters joked.
“Yeah, nobody has fact-checked him yet and said it’s not true,” Doocy joked back.
— Townhall.com (@townhallcom) January 24, 2022
The attack on Doocy followed an attack that Biden made on Fox News reporter Jacqui Heinrich last week after Heinrich asked Biden about the ongoing situation in Ukraine.
“Why are you waiting on Putin to make the first move, sir?” Heinrich asked in reference to Biden not taking noticeable action to deter Russian aggression.
The exchange came after who served as Treasury Secretary under former President Bill Clinton and director of the National Economic Council under former President Barack Obama, warned earlier this month that the U.S. is moving toward “higher entrenched inflation.”
“I think the data flow is saying what I’ve thought for quite some time that, yes, there are transitory elements in inflation, and very likely they will recede, but we are basically moving towards higher entrenched inflation,” Summers said. “It’s there in expectations, it’s there in wages, it’s there in labor shortages, it’s there in the pervasive pattern across many different prices.”
“And people try to excuse it by picking this figure and that figure from month to month, but we’ve got an overheated economy, and the Fed’s gonna have a very real challenge of cooling that economy off and doing it in a controlled way,” he continued. “That has not been done very successfully in the past. So it’s going to be a very challenging year for macroeconomic policy.”
When asked if top White House officials were right in saying that the inflation problem was a result of “a supply side problem,” Summers responded, “No, he’s wrong.”
“We have a massive, overheated labor market,” Summers continued. “We have the highest ratio of vacancies to unemployment in the country’s history, by a large margin. We have shortages of labor, in everything from psychotherapy, to McDonalds, in everything from investment analysts to gardeners, that suggests a surfeit of purchasing power and demand relative to the capacity of the economy to produce and unless we bring those things into balance, we’re going to have not just higher inflation, but possibly even accelerating inflation. And we need to recognize that we have an overheated economy that we are going to need to cool off.”