Biden’s Budget is One More Biden Blunder

Aside from the blunders President Biden has made concerning the border crisis, energy policy and foreign policy, his biggest blunders are on economic policy. Based on his latest budget proposal, he is trying to commit his biggest blunder.

Biden’s proposed budget vastly increases government spending and government taxation, while creating trillion-dollar annual budget deficits well into the future.

Let’s factually take a look at the current situation. The economy right now is growing at the fastest pace in nearly four decades. It is likely that growth this year will hit 8%. Last quarter we grew at 6.4%, up from 4.2% the prior quarter. The economy is growing very well, and we are near the level that we were prior to the virus. There is no problem with growth.

But inflation is a problem. Despite the administration’s position, inflation is right now a serious problem that will get worse the longer we wait to react to it. Biden’s budget proposal will make the inflation problem much worse.

The inflation data is presented in a number of ways to consumers. Sometimes a monthly price index is given, which compares consumer prices to the prior month. Sometimes the index is compared to the same month last year.

The critical and most valuable information tells us what is happening now. From January to April of this year, the monthly Consumer Price Index went from .3% to .4% to .6% to .8%. That means since January inflation is running at about a 6% annual rate and it is increasing.

To stop this from getting worse, the federal government must change both Monetary and Fiscal Policy, immediately.

With Monetary Policy, the Federal Reserve must quickly and gradually, reverse their policy of buying $120 billion of government debt monthly.

Is ANYTHING proposed or signed by Biden really Biden’s?

Is he actually in charge, or doing the will of his hidden master?

I think the Obama cabal (which could be Ba-roke, Manchelle, Valery Planet of the Apes, George Sorass, or a host of traitors) is calling the shots.

There not very good at it, as 2009-2017 showed.

“The economy right now is growing at the fastest pace in nearly four decades.”

This is the type of statement that makes American Thinker look just a little bit less stupid than the people that read them.

If an agricultural area puts a dam in their area to collect water for their crops which grow to abundant levels, and someone with less crops does the same up river, what happens? Simple, the down river group doesn’t get enough water to survive. And after a long argument, an a lot of dead crops, and someone finally blows up the upper dam, is there not enough water to get back to those abundant crops? It might take time, but it can happen after the flood.

Trump’s economy was the strongest in history. And all he did was allow the system to work making small changes to do so. Along comes the fake pandemic and the dem governors shutting down the states and destroying thousands of businesses that worked before they shackled them. And now they are trying to ride in on their white horse and save the day by doing more than Trump did even when he didn’t have to to accomplish the goal the libs fought as it was working. The people did it, not Trump. All he did was keep the naysayers away so it could be accomplished. And now, as the economy starts to get back to Trump levels, groups like the writers of this article try to say it belongs to the dems as it grows without their help and their efforts to harm it to begin with.

And all they’ve really done is bring back Trump’s economy slowly to make it look like they did it and weren’t part of it’s failure during the pandemic shut down blaming him for it’s demise and not for it’s birth and rich life or it’s recovery with the tools still there until the libs take them away. Figures...I mentioned in another post elsewhere the dems have no platform. But they can sure take credit for Trumps as they dig themselves out of their own blunders while the GOP sits on their lips.

wy69

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