Posted on 04/21/2022 12:56:55 PM PDT by blam
Let’s discuss plans to bring down inflation. Who has one and who doesn’t.
No Plan to Deal With Inflation
According to Eugene Daniels, a White House correspondent for Politico, Biden will go after Republicans for not having a plan to deal with inflation.
"Expect Biden to step up his attacks on the GOP. An administration official told Eugene this weekend that we can expect to see Biden be a bit tougher on Republicans for taking credit for an infrastructure bill that some voted against, and for not having a plan to bring down inflation."
Hoot of the Day
That wins my hoot of the day award easily. I thought about having a Hoot of the Month, but there is still time left for something even more ridiculous.
History suggests we won't be disappointed.
Fact Check Questions
Which party has the White House, the House, and the Senate? What the heck is Biden's plan? If he has one, is it working?
Eight Inflationary Things
1.Build Back Better
2.Clean energy
3.Student debt cancellation
4.Eviction moratoriums
5.Push for more unions
6.Push for higher wages
7.Tariffs and sanctions
8.Free Money
The Biden administration is guilty of all eight.
To be fair, Biden mostly continued Trump's tariff policy but Biden did increase the lumber tariffs on Canadian lumber that Trump started.
Amazingly, Biden believes Build back better is not inflationary. Fortunately, Senator Joe Manchin saw through the smoke screen and blocked the deal.
Doing Everything to Drive Prices Up
On March 22, I noted Biden Doing Everything Possible to Drive Up the Price of Oil, Some of It's Illegal.
Oil Prices Jump Again, Hello Mr. President, What Will You Do For an Encore?
On March 31, 2022, president Biden announced release from the Strategic Petroleum Reserves to lower gas prices. Relief was short lived.
For discussion, please see Oil Prices Jump Again, Hello Mr. President, What Will You Do For an Encore?
On April 1, 2022 Phil Flynn and I discussed numerous Biden proposals to lower the price of gas and whether or not they will work.
Flynn noted Biden planned to release more oil from the reserves than was physically higher than the pipeline capacity!
November 21, 2021 Flashback
On that date I correctly stated Biden's Foolish Effort to Reduce Oil Prices by Tapping Reserves Will Fail.
The price of crude on November 21, 2021 was $76.20.
Republican Plan
Republicans would propose more deregulation and more drilling here. Biden asked Saudi Arabia to pump more. Biden even courted Venezuela. That was my hoot of the day on that date.
Any plan (Even None at All) would do better than the Biden administration's plan.
Four Measures of Inflation
Consumer Price Index data from BLS, PCE data from the BEA, chart by Mish
Real Hourly Wages Dive Again in March, Negative for 13 of Last 15 Months
On April 12, I noted Real Hourly Wages Dive Again in March, Negative for 13 of Last 15 Months
That post contains the previous chart. Note when Inflation took off and why.
Instead, Biden blames Putin for an invasion that started on February 24, 2022.
Lame Duck
In November, Biden will officially be a lame duck.
Unfortunately, he can still inflict damage by executive order, but the midterm election will end the chance of Biden getting his highly inflationary policies through Congress.
If the GOP doesn’t jump on this spin, they don’t deserve our votes.
What nonsense.
Inflation was resolved in the 1980’s. Biden was there, but doesn’t remember because he’s now ancient. And he wouldn’t implement the solutions anyway, since he was against them then.
Reminder - Ronald Reagan had a degree in economics.
F**k this clown. Pathetic inept loser he is.
Man sets what maybe the most destructive fire in history. Demands to know why somebody doesn’t bring in more fire trucks.
Wondering when the Mafia will attack law enforcement for not having a plan to reduce organized crime?
Apparently, the dementia-ridden Idiot and his company of merry idiotic Leftists are mad cause the Repubs are letting the idiot hang himself. Kekw = LMAO!!!!!!
Of course, the party in power holding all three branches and are going to blame the party out if power. What else would they do???
I’ve seen Republican candidates here in Ohio saying “just stop everything Biden’s been doing”. Free up oil and gas production for starters. Cut spending, especially on useless welfare programs for another. But only reported locally.
At this point, it’s so bad that you have to accept a recession as a consequence of applying the necessary therapy. Something no candidate can say without getting pilloried.
Not going to be pretty.
IOW, he messes up the country, and expects others to fix his messes?
How convenient.
With that kind of nonsense, Biden and democrats could never be held accountable for anything they do to destroy the country.
Next up, Kamala will expect republicans to come up with a fix for the border crisis which the Biden/Kamala administration caused.
Republicans should immediately issue a response to Biden, where they ask him to resign and get Trump back into power. That’s the best action that the American people could expect, if a fix was immediately necessary.
They voted against his destroy back better plan. What else does he want?
The plan is to take the House and Senate come November and then we’ll not talk plan we’ll initiate it culminating with the RIGHTFUL President retaking the White House!
Biden to R’s: “I pooped on the floor. Why aren’t you doing anything about it?”
They can’t do crap at this point!
You just can’t make this sh*t up!
You’re in charge, you have majorities in both houses, you caused the inflation, but flame the other guys for not having a plan to fix it. Wow. And people will bob their heads like lemmings and says yes master. Stelter will lead.
A three year old would / could do a better job than the idiot joe
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