With inflation at historic highs, Biden is still trying to make it worse

Washington Examiner ^ | June 11, 2022

[george76]

All he had to do was end the COVID-19 lockdowns and let the economy recover on its own. Instead, President Joe Biden spent trillions trying to “transform” the country, and now, everyone, especially the nation's poorest, is paying the price for his hubris.

The Labor Department reported Friday that inflation rose to 8.6% in the 12 months ending in May, its highest level in more than 40 years. Virtually no sector of the economy was left untouched. Gas is up 48.7% from a year ago, electricity 12%, groceries 11.9%, and rent 5.9%.

These price increases are not, as White House chief of staff Ron Klain once claimed, “high-class problems.” These are not discretionary spending items. Working-class families can skip vacations, but they still need gas to get to work. They need electricity to heat and cool their homes. They need to eat. They need a roof over their heads.

Democrats may point out that unemployment is low, and that is a good thing. Wages are also rising, and that is good too. But, unfortunately, prices are rising faster than wages, leaving working people in a worse economic position overall. Under Biden’s leadership, the average person has seen his or her real wages fall by 3% over the past year.

The cause of this record-high inflation is no secret: Biden and his big spending policies are clearly to blame.

Former President Barack Obama’s director of the National Economic Council Larry Summers warned right from the start that Biden’s $2 trillion COVID stimulus was way too large and would cause inflation. But Democrats ignored him and passed it anyway without a single Republican vote.

Then, Democrats tried to make it worse!

Even with inflation already rising, House Democrats passed another $2.2 trillion spending bill last November that, once all the budgetary gimmicks were removed, would really have dumped another $5 trillion into the economy. Fortunately for those working-class families most vulnerable to inflation, Sens. Joe Manchin (D-WV) and Kyrsten Sinema (D-AZ) refused to go along, and Biden’s so-called Build Back Better agenda died in the Senate.

But Biden still refuses to stop pouring spending fuel on the inflation fire. His administration is reportedly scheduled to cancel $10,000 worth of higher education debt for millions of overwhelmingly wealthy borrowers later this summer. Not only would this debt amnesty be no different than sending millions of $10,000 checks into an economy already overheating with demand, but these checks would also disproportionately go to the wealthiest families. According to data compiled by the Brookings Institution, the top 40% of income earners owe over two-thirds of all student debt, and the richest 20% owe 35%.

And that's all on the demand side. Biden also has hobbled the supply side of the economy by waging war, in numerous ways, against domestic fossil fuel production. That is why inflation in the energy sector is so particularly high — and, of course, high fuel costs reverberate throughout the entire pricing system.

Democrats are currently trying to distract voters from their very real inflation pain with prime-time hearings into a riot that happened almost a year and a half ago. Judging by the most recent polls, voters will not be distracted. Biden’s approval ratings continue to fall, and there is every indication that Democrats will be punished at the polls this November. One can only hope that Biden will change course after that.

[blackdog]

Brandon metaphors no longer needed.

[Bob434]

no no, we are all just to stupids to realize how wonderful a job he is doing- just ask him- he'll tell you-

and now for somethign pleasant to look at for a change to hopefully brighten everyone's day

 

https://forum.xcitefun.net/famous-paintings-art-from-veggies-n-fruit-t66240.html

[JVahey]

biden next will blame the cost of eggs on the Easter bunny

[Lurkinanloomin]

Part III of the “Fundamental Transformation”

The founders tried to prevent this by requiring a person who was solely an American, someone born with only ONE nationality, naturally an American because they could not be anything else, a natural born citizen.

[BitWielder1]

Remember the old saying: "Never ascribe to malice, that which can be explained by stupidity".

I don't think that holds true anymore. No one can be this stupid. It must be malice.

[Chgogal]

Anyone voting Democrat needs to be institutionalized. They are that crazy!

[winterystorm]

Love the vegetable art. That is what restaurants will have to do to get people to come in the doors. You get art class and a meal.

[Repealthe17thAmendment]

Remember the old saying: "Never ascribe to malice, that which can be explained by stupidity".

I think what we're seeing now is actually a combination of the two. The Democrats are intentionally raising gas prices because it dovetails into their green energy agenda. But they were too stupid to understand that the people would be angry about the higher prices on everything. They expected the media to run cover for them, and that's why they have been saying all along that this is a "messaging" problem and blaming the media for not selling this better.

It also explains why Biden has not reversed any of the policy changes that started to oil prices to rise.

[Bob434]

thanks, i did too- i like the Picasso one best- but all 3 are pretty cool too

[gw-ington]

With inflation at historic highs, Biden is still trying to make it worse

*** INCORRECT HEADLINE! ***

That headline should read: With inflation at historic highs, senile Sleepy Joe's handlers are still trying to make it worse

As the whole world knows, senile Sleepy Joe just says and does whatever his Democrat Party Cabal (DPC) handlers tell him to say and do. And senile Sleepy Joe's DPC handlers know he often goes "off script," so his DPC handlers always need to very closely monitor senile Sleepy Joe whenever he's talking or doing something in public.

It's like the real-world, Presidential-level version of that old movie, "Weekend at Bernie's."

[glimmerman70]

And standing in front of the people lying. He comes in after a lockdown that IMHO Trump was forced into and should have never happened. But he comes in and talks about record low unemployment. Families having more savings and less debt. Are you even kidding me. This is one of the reasons they are hanging into Jan 6th. It’s all they have left of anything. They were fine with all the riots taking place during the election. Calling them protests and Harris is letting them out of jail. They stage Jan 6th to get another quick impeachment and leave something to push to convict Trump on something so he can’t run again and hide the fraud behind it. If they aren’t able to change laws again and allow mail in ballots for 2022 midterms they WILL lose the house and senate. Then maybe some real committees and investigations will happen but I am doubting they will have time for it. Things will be so bad off they will need to block everything biden tries to do and pelosi is in Cali so she will somehow win again unless she bails the scene and retires like alot of other dems.

[Grampa Dave]

$uffering from: BIDEN$CARVIRU$22?

[The Louiswu]

50 to fill my car that only took 30 when Trump was in office.

[glimmerman70]

Great post..

[cableguymn]

“Gas is up 48.7%”

They left off the 1..

It’s basically up 148.7%

[GailA]

btt

[eyedigress]

Dementia Joe going all in for the kill.