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Joe Biden Holds Surreal 'Celebration' of the badly misnamed 'Inflation Reduction Act' as Stock Market Crashes and Inflation Soars
Red State ^ | 09/13/2022 | Bonchie

Posted on 09/13/2022 8:36:21 PM PDT by SeekAndFind

In one of the more surreal moments in presidential history, the Biden administration held a “celebration” on Tuesday to mark the passage of the falsely-named Inflation Reduction Act.

That “celebration” took place on the same day a debilitating inflation report dropped, showing core inflation rising and a month-over-month increase in the topline number. Increases in food prices helped drive that home despite decreasing demand putting a crunch on gas prices. In response, the stock market crashed, losing the most points since the pandemic caused a massive sell-off in 2020. As of this writing, the Dow Jones is down -1276 points and looks to close around that level.

That led to some incredible side-by-sides from Joe Biden’s event.

Will never be able to get over the image of Joe Biden speaking about how he singlehandedly beat inflation as the stock market tanks over 1,200 points on live television due to inflation.

An all time moment in the history of American presidents. pic.twitter.com/agULMywRSL

— Greg Price (@greg_price11) September 13, 2022

Things don’t get any less farcical when you actually watch the clips of the event. Hilariously, things opened with an acoustic act by James Taylor singing a song about suicide. No, I’m not kidding. Perhaps he was channeling the economic downfall we are currently witnessing?

Then there was the president himself. We’ll get to some of his moments of senility soon enough, but I’ll start with a few of the blatant lies he told.

BIDEN: The Inflation Reduction Act "helped reduce inflation at the kitchen table."

Today, the Consumer Price Index report noted that the food index jumped 11.4 percent in the last 12 months, the largest jump since May 1979. pic.twitter.com/lGosivmdqm

— Townhall.com (@townhallcom) September 13, 2022

The Inflation Reduction Act is an $800 billion spending bill, of which half of it is a giveaway to the “green” sector. Nothing in that bill has lowered inflation, not a single thing. To suggest such is true “lie of year” material. Will the media fact-check the president? That’s a rhetorical question because we all know the answer.

To put the cherry on top of his absurd claim, Biden also claimed that government spending has nothing to do with inflation because Democrats “pay” for their spending. In reality, the 2022 fiscal year is projected to have a deficit of nearly $1 trillion.

Biden also decided to talk about “assault weapons” for some reason, claiming “there is no Godly reason for them.”

Biden: "We are going to ban assault weapons. There is no Godly reason for them." pic.twitter.com/MyUNybHW6A

— Greg Price (@greg_price11) September 13, 2022

I mean, there pretty clearly is a reason for them. In fact, there are many reasons for them. Self-defense is one. Hunting is another. Sport shooting is yet another. But most of all, the biggest reason I should be able to own an AR-15 or the like is…because I want to. I do not need the president’s permission to own a firearm of my choice.

The ramblings only got more incoherent from there.

In closing, Biden starts screaming, rambles incoherently pic.twitter.com/eNeJOhcDTK

— Tom Elliott (@tomselliott) September 13, 2022

Be sure to watch that last clip until the end. It’s scary to see how feeble the president is. He finishes his speech and seems to be confused as to what to do. He picks up his jacket off the ground (why was it on the ground?) before stumbling off to his right, where he holds his hand out as if to shake hands with no one. We then see Jill Biden begin to approach the side of the stage to escort him away. Even the way he walks is disturbing, and the senility is impossible to ignore.

Regardless, the overarching problem with this event remains the timing. What genius in the White House thought today of all days would be a good day to hold a “celebration” over an act that was ostensibly supposed to significantly bring down inflation? And to not cancel it even as the stock market collapsed? I’d have to think they were expecting a better report than they got but had already painted themselves in a corner.

This was a “fiddling while Rome burns” moment. I said it was surreal at the beginning of this piece and I think that’s the best descriptor. We are witnessing a president and a White House that exists in an alternate universe of their own making. That they are so arrogant in denying reality only makes it worse, and one can only hope voters see through the facade in November.



TOPICS: Business/Economy; Government; Politics; Society
KEYWORDS: anwr; biden; bidenflation; inflation; keystonexl; opec; stockmarket

1 posted on 09/13/2022 8:36:21 PM PDT by SeekAndFind
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Tiny price to pay for the cessation of mean tweets


2 posted on 09/13/2022 8:38:01 PM PDT by dsrtsage ( Complexity is just simple lacking imagination)
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To: SeekAndFind

It won’t happen, because the markets are being manipulated, but I would like to see another 1.5-3% drop tomorrow in the Dow, S&P500 and NASDAQ.


3 posted on 09/13/2022 8:39:05 PM PDT by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021 and beyond.)
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To: SeekAndFind

Biden is Marshall Applewhite crazy.


4 posted on 09/13/2022 8:45:50 PM PDT by TornadoAlley3 ( I'm Proud To Be An Okie From Muskogee)
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To: SeekAndFind

I’m sure glad the adults are back in charge.


5 posted on 09/13/2022 8:45:56 PM PDT by Flick Lives (FJB and the corrupt FBI)
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that today...was one of the most bizarre things ive ever seen....i dont think its actually set in yet. Talk about a devastating disconnect. This story is gonna have legs..


6 posted on 09/13/2022 8:49:26 PM PDT by basalt (`)
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To: SeekAndFind

Well, stocks are getting cheaper.


7 posted on 09/13/2022 8:49:53 PM PDT by Brian Griffin
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To: SeekAndFind

The celebration was complete with James Taylor singing about suicide. Sick and evil.


8 posted on 09/13/2022 8:55:14 PM PDT by ConservativeInPA ( Scratch a leftist and you'll find a fascist )
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To: SeekAndFind

And the spin will be...

“Of course this was not going to have an immediate impact because the policies haven’t been in place yet.”

Or.

“It was so bad from the previous administration no one could have anticipated just how bad it really was.”

Or.

“Transitory”


9 posted on 09/13/2022 10:21:28 PM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes.)
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To: Organic Panic
Or. “Transitory”

Or (soon): "Bugs don't taste that bad, once you get used to 'em!"

Regards,

10 posted on 09/14/2022 12:54:47 AM PDT by alexander_busek (Extraordinary claims require extraordinary evidence.)
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To: SeekAndFind

Didn’t see anything that unusual at the end of the speech at all

It was outside so his coat was on the ground. And he folded it fine.

However, sounded like a guilt ending.


11 posted on 09/14/2022 1:07:39 AM PDT by Varsity Flight ( "War by the prophesies set before you." I Timothy 1:18. Nazarite prayer warriors. 10.5.6.5)
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To: SeekAndFind

Lots of newspeople commenting on this last nite.


12 posted on 09/14/2022 3:47:25 AM PDT by sauropod (Unbelief has nothing to say. Chance favors the prepared mind.)
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To: SeekAndFind

They had to add that the performance of the stock market is not indicative of a bad economy... maroons.


13 posted on 09/14/2022 4:10:05 AM PDT by teeman8r (Armageddon won't be pretty, but it's not like it's the end of the world or something )
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To: SeekAndFind

Kabuki theater. The D’s celebrate their “good” policies knowing full well what’s coming down the pike. They will lay the collapse at the feet of the Rs for wrecking their great economy.


14 posted on 09/14/2022 4:42:06 AM PDT by griswold3
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To: SeekAndFind

BIDEN: The Inflation Reduction Act “helped reduce inflation at the kitchen table...Let them eat cake.


15 posted on 09/14/2022 5:25:43 AM PDT by Jolla
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