President Biden gave a speech listing everyone and everything allegedly responsible for record high inflation. His list included corporate greed and price gouging, Vladimir Putin, and “ultra-MAGA” Republicans. The president said that his policies, and the nearly $7 trillion in spending he authorized, have nothing to do with inflation.
None of this holds up under scrutiny. While Biden claims that corporations are ripping off Americans, the costs of their supplies have been increasing at a record rate. In reality, many companies that Biden claims are stiffing consumers have actually lost money because they don’t want to alienate their customers by raising prices too quickly.
Biden’s blame of the war in Ukraine for inflation is similarly untethered from the facts. As one look at the chart of inflation in the United States shows, inflation was rapidly approaching its current level before Putin’s invasion began. Gas prices have also been rising steadily for the past year, undercutting Biden’s claim that “Putin’s price hike” is the reason Americans are paying more at the pump.
But perhaps no claim is as tenuous as Biden blaming Republicans for inflation. Biden declared that the GOP has “no plan” to combat inflation and said that the Democratic party’s economic policies have helped the situation, rather than making it worse.
This cannot logically be true. Trillions of dollars in federal spending over the past two years, coupled with a manufactured shutdown of the economy and misguided monetary policy on the part of the Federal Reserve, created today’s inflation crisis.
And although both parties in Washington can be rightly criticized for green-lighting this spending, Biden and the Democrats deserve the lion’s share of the blame. After all, their proposed “fix” for inflation is to double down and spend even more money, one of the approaches that got us here in the first place.
In March 2021, Biden and his allies in Congress authorized a $2 trillion spending spree. While the left called this the “American Rescue Plan,” it didn’t rescue anything. The bill flooded the economy with wasteful federal spending, even as it became clear that inflationary pressures were beginning to heat up.
Biden then signed a $1 trillion infrastructure bill into law in November that many experts warned would fuel inflation. It wouldn’t have stopped there if Biden and Democrats were able to pass their multi-trillion dollar “Build Back Better” plan.
It’s also ironic that while Biden criticizes Republicans for “not having a plan” to bring down inflation, he and his party are championing an additional $40 billion in taxpayer money for Ukraine. Not long ago, Americans would have been shocked by that much spending. This is in addition to the recent White House proposal of a $5.8 trillion federal budget for 2023, a number that would have been unthinkable just a few years ago.
If President Biden were serious about combating inflation, he would be calling for immediate cuts in federal spending and a scaling back of government intervention in the economy. Instead, he wants to increase both – massively. Biden would rather blame corporate greed, Putin and “ultra-MAGA” Republicans than take any meaningful action to address inflation.
Adam Brandon is the president of FreedomWorks. This piece was provided by RealClearWire.
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Adam Brandon
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Absolutely—their policies are the ones in play.
What a mushy photo—you reckon Jill is jealous or hopeful?
Thing is we’ve known the Dems for DECADES, and never ever, do they accept ANY RESPONSIBILITY for their mistakes..
IT IS always someone, or something else at fault…
“Biden declared that the GOP has “no plan” to combat inflation???? First order to battle plan is to rid the government of the crime families like his and Pelosi’s whose socially redistributed bank accounts have inflated faster than the price of our gas, then lower the price of gasoline which drives the higher costs of all goods produced, particularly food. They all bought our votes with those $2000 COVID checks, many made out to illegal aliens they feed, transport and put up in hotels at OUR expense, now they claw it back in $5000/year higher food and gas prices in deflated worthless dollars. Their free money is never free, and ultimately is paid for in the loss of our freedoms. WAKE UP! VOTE THEM OUT! JAIL THE REST!
AND with their abject catering to illegals, by willfully opening our border, WE ARE FLOODED BY millions more than before… ALL SUCKING our tax dollars..
this midterm will be stolen as was the 2020 presidential election with a few key senate seats also corrupted by cheating demoncrats.
we are a banana republic with a bunch of fruits running the show.
“The president said that his policies, and the nearly $7 trillion in spending he authorized, have nothing to do with inflation.”
This treasonous puppet president was handed the U.S. as energy independent and his very first month in office this F… Joe Biden stopped the Keystone pipeline production and stopped new oil leases on public land thus driving up energy cost on EVERTHING, but he DID approve the Russian pipe line in Europe. Plus this fool also approved 7 TRILLION dollars in political motivated spending. Including in giving people more free money than they made by working, so many stopped working, creating a supply shortage. Plus this treasonous Fool imports and supports multi-million disease infected, uneducated, criminal, illegal immigrants and ships them around the country FREE.
This treasonous, dishonest, destructive, corrupt, immoral, socialist Democrat Party and their corrupt, demented puppet has become our country’s most destructive and deadliest ENEMY!
ALL without the say so, let alone knowledge of the communities, THEY GOT SHIPPED into…
Why blame Republicans and ‘Ultra’ Magas, whatever that’s supposed to mean in the confused brain, for not having a plan to end inflation? Democrats are in the majority in the House, the Senate and the White House, nothing a Republican proposes ever comes to a vote or presented to a committee, so why bother, it’s a waste of time and effort! Democrats brought this on themselves lock, stock and barrel and being deficient in their economic training and understanding of financial operations what they do come up with will founder around with solutions that exacerbate the situation until many take an early retirement after a defeat in the November election. Then the Republicans will prevent their VETO PROOF plan that the Democrats and Joe Biden say they don’t have.
Oh well . Typical Democrats blame . It is in their blood . It just shows Americans how stupid and irresponsibility they are . They just don’t care for America but themselves , their powers.