Posted on 05/11/2022 8:51:24 AM PDT by Wuli
President Biden [snip] 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.
[Biden said] “Building a Better America” plan including more subsidies for green energy, electric cars, child care, housing and more [and] 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 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 [snip the chart] At the same time, their policies are hampering the supply side of the economy in myriad and interconnecting ways.
[snip] 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, but renewable power needs to be backed up by more gas.
Biden says more green energy will reduce electricity prices. [so] why have power prices increased by 11.1% [snip] More green energy will make the grid less reliable and increase demand for gas along with diesel-powered emergency generators, [snip as it already has]
(Excerpt) Read more at wsj.com ...
President Biden is not so much Costanza as he is a bit more incoherent as in President Kramer. No one has a clue what President Kramer is talking about at his press conferences, nor does he.
Biden lacks the wit and charm of either Kramer or George Costanza. If Crazy Joe Davola had dementia, he’d be the best fit.
A new plank in the “Build Back Better” program is to require every household to buy a coffee table book about coffee tables.
Go back a generation... Biden is Professor Irwin Corey... the World’s Foremost Expert...
I disagree Professor Irwin Corey’s explanation of the NFL Wild Card was spot on!
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