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Joe Biden says delusional Americans are imagining inflation
American Thinker ^ | 27 Feb, 2022 | Andrea Widburg

Posted on 02/27/2022 4:13:50 AM PST by MtnClimber

It’s certainly a novel way for him to deal with the fact that Americans are watching their money vanish.

Hard-left podcaster Brian Tyler Cohen interviewed Biden. The topics were what would expect—Biden’s race- and sex-based Supreme Court nominee, claims that Trump and other Republicans support Putin, boasts about his strategic genius, etc.—but the real surprise was Biden’s claim that COVID has made Americans so psychologically unstable they can’t understand that the Biden economy is wonderful.

Here’s what Americans know: They are facing hard times. The economy is creeping back, but it’s nowhere near what it was under Trump before COVID. In 2019, unemployment was 3.6%. It went up to 6.7% in 2020. It’s now 4%, still short of the pre-COVID rate.

That 4% doesn’t even include the millions of people who dropped out of the workforce. CBS blames long COVID but it’s a good bet stimulus checks have also depressed the workforce. If people are paid not to work, they won’t work. When government money finally ends, they might come back.

Inflation is a problem, too. While wages have increased, those increases haven’t kept pace inflation’s 40 year high. A 3.5% raise is meaningless if life’s necessities (food, shelter, energy costs) increase in price by 7% or more.

Reagan rightly said of inflation that it’s “as violent as a mugger, as frightening as an armed robber, and as deadly as a hitman.” People don’t care whether the inflation is because of the supply chain problem or because Biden’s green energy (or, really, green lack-of-energy) policies have dramatically bumped up the price of fuel. What matters is that their money is losing value daily.

(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Society
KEYWORDS: communism; cpi; inflation
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To: Liz

He and his party created a perfect government Xi and Putin much happy.


21 posted on 02/27/2022 9:07:57 AM PST by Vaduz ( )
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To: MtnClimber

I’m imagining my empty wallet? 😮


22 posted on 02/27/2022 11:26:40 AM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: dearolddad

OUCH!


23 posted on 02/27/2022 2:47:18 PM PST by ducttape45 (Proverbs 14:34, "Righteousness exalteth a nation: but sin is a reproach to any people.")
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To: oldtech

In order to describe Putin’s IQ it would be necessary to invent a new psychological term to add to the categories idiot, imbecile, and moron. Compared to Biden, anyone included in those categories would be consider geniuses.


24 posted on 02/27/2022 2:49:26 PM PST by KennyM
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To: dearolddad

Today it’s $6.09!


25 posted on 02/27/2022 3:36:49 PM PST by dearolddad
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