Posted on 05/10/2022 4:37:30 PM PDT by billorites
President Biden on Tuesday tried to get ahead of Wednesday’s April inflation report with a speech rehashing his well-worn proposals to reduce prices: Boost subsidies, raise taxes, and increase regulation. He should take Jerry Seinfeld’s advice to George Costanza and do the opposite of his every policy instinct.
The President again called on Congress to pass his Build Back Better, er, sorry, “Building a Better America” plan including more subsidies for green energy, electric cars, child care, housing and more. He also doubled down on his proposed billionaire’s tax—i.e., unconstitutional wealth tax—and Medicare drug price controls.
Mr. Biden again blamed inflation on the pandemic and Vladimir Putin, omitting that Democrats poured kerosene on the accelerating economic recovery last March with their $1.9 trillion spending bill. Inflation was already at 7.9% when Mr. Putin invaded Ukraine (see the nearby chart). At the same time, their policies are hampering the supply side of the economy in myriad and interconnecting ways.
Consider energy and food. The Administration’s war on oil and gas created enormous regulatory uncertainty that is stanching investment in new production despite high energy prices. Producers can’t find workers. Many left the industry when prices nose-dived early in the pandemic and are reluctant to return because Democrats have promised to put drillers out of business.
Then there’s the left’s blockade on pipelines, which is limiting natural gas production in the Northeast’s rich shale deposits. Progressives blame rising gas prices on natural gas exports, but the larger culprit is increasing demand in the U.S. Hefty subsidies for wind and solar forced coal and nuclear plants to close down...
Americans have learned the hard way over the last two years that no amount of federal transfer payments can make up for the decline in real wages caused by inflation. President Costanza still hasn’t.
(Excerpt) Read more at wsj.com ...
Ping.
Bai fruit drinks, $2 each. A few months ago they were sold in 20oz bottles, now they are 18oz bottles.
10% stealth price hike.
I did the opposite for one month...it wasn’t too bad.
I ate whatever I wanted, whenever I wanted, and I didn’t go to the gym for a month. (usually 4 or 5 times a week).
Felt good, lost 8 pounds...
No soup for you!
My thoughts when I heard the name. George....
Its not a lie if you believe it
We all look forward to The Summer Of Joe.
Powder coating has crept up too.
Half gallon equalized:
Kirkland Vanilla: 3.9 lb.
Bluebell Homemade Vanilla: 3.3 lb.
Schwan’s Vanilla: 2.44 Lb.
Weigh a Breyer’s next time you're in the store. I dare you.
Don’t buy air
Also ONLY vanilla. Their mix-ins are crapola. You will do much better. Also they are a rip off:
Bluebell mint chocolate chip: 2.7 lb.
For those interested in making some lemonade out of this lemon, I-Bonds are yielding over 9%!
Decrepit Joe Biden could stroke out at any minute. Then we get Kamala. But it wont make any difference because the REAL president is Valerie Jarret and her puppet Barry O
Kirkland vanilla a favorite in my house, I doctor with a little coffee or chocolate syrup.
Cheese George cheese!!!!!
HaGeorge I’m hungry.
Hang on Ma, hang on
There it is
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