While President Joe Biden is off doing Civil War reenactments, American families are left trying to balance household budgets that are being smashed by soaring prices. Inflation topped 7% in 2021, the largest surge in consumer costs since 1982.
Break out basic necessities, and the inflation impact is even more devastating:
Meat, poultry, fish and eggs rose 12.5%
Energy is up 30% overall, with gasoline prices climbing nearly 50%, fuel oil topping 40% and natural gas, 24%.
New vehicles climbed nearly 12%, and used cars and trucks by more than 37%
Americans who live closer to reality than Biden does are far more concerned with those distressing price tags than they are his trumped-up claims of war on democracy.
The White House defends Biden’s avoidance of inflation by saying there’s little a president can do about rising prices. They blame the pandemic and breakdowns in the supply chain for driving up costs.
That’s only partially true. Certainly, the disruptions of COVID-19 continue to strain the workforce and the ability of producers to meet demand.
But policies have consequences, as does a lack of policy.
Biden has not detailed an urgent response to inflation, and much of what he’s done in other areas has helped fuel the price spikes.
His American Rescue Plan pumped $2 trillion into the economy last spring. That created a surge in consumer demand that arrived well before producers were prepared to meet it.
Provisions of that package, including extended unemployment benefits and pull-ahead child tax credits, lessened the incentive to return to work. Workforce participation remains below where it was at the start of the pandemic in 2020.
Biden has also tightened the screws on the oil and gas industry, restricting drilling, withdrawing tax credits, killing pipelines and placing wide swaths of the country off-limits to oil and gas exploration. Domestic oil production is 2 billion barrels a day below pre-pandemic levels.
In addition, Biden has ignored his campaign promise to “shut down the virus.” Nearly as many Americans have died of COVID-19 during his tenure as before he took office.
The new omicron variant is raging unchecked. Biden acknowledged, “I wish I’d thought” of ordering more tests last fall when the highly contagious surge surfaced.
If not the pandemic, what was the president thinking about?
Forcing through his far-left agenda. And that remains his priority.
The only answer the White House has offered for countering the impact of higher prices is passage of Biden’s massive $5 trillion Build Back Better bill, which will flood even more government cash into the economy and make it even easier for workers to turn down jobs.
The Federal Reserve, which bears responsibility for keeping inflation in check, now considers inflation a serious threat. Chair Jerome Powell, when he spoke to Congress Tuesday, struck a different tone from last year, when he and Treasury Secretary Janet Yellin labeled inflation “transitory.”
The ed has stopped its monthly $40 billion purchase of mortgage securities, which may help cool the overheated housing market. And an interest rate hike is expected.
Leaving the Build Back Better bill on the shelf would also help ease inflation fears.
Having let inflation go untended for so long, the Fed and the Biden administration now face a delicate balance. If they move too aggressively, they risk plunging the economy into recession.
This work requires Biden’s full attention. He must move with skill and deliberation to keep soaring prices from overwhelming the paychecks of Americans.
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That is exactly why democrats want to erase our history so that these moments in history can never be taught. For the life of me I cannot understand why any logical mind would side with such corrupt hateful people. Division = isolation and isolation breeds ignorance.
That’s the thing.. LEFTIST VOTERS ARE NOT, and never have been logical… LOGIC IS a cuss word to them.
At the bottom of this article, it definds democrt President Joe Biden’s problems When the Author writes the following, ” This Work Requiires Biden’s Full Attentiion . He must Move With Skill And Deliberation to keep Soring Prices From Overwhelming The Pay Checks Of Americans . ” ,What Skill and Deliberation , they can’ t be talking About Joe Biden’s ” Skill and Deliberations, The Author was referring to. Here.
HE HAS NO skill OR capacity to deliberate!
“While President Joe Biden is off doing Civil War reenactments, American families are left trying to balance household budgets that are being smashed by soaring prices. Inflation topped 7% in 2021, the largest surge in consumer costs since 1982.”
Well, you see, it’s like Hall & Oates sand a few years back—“you’re out of touch”—there is no way he can relate and understand. When the government has a monetary crisis—they just raise the debt ceiling and print more money. Wouldn’t it be nice if we, as individuals, could do that—but it’s not reality?
And all the furor they create over race—that has to be done because it is the Democrat Party that falls on the wrong side of that history—they need to get the spotlight off of them.
Biden is to an improving economy what George Wallace was to a schoolhouse door. It doesn’t take a rocket scientist to understand that Biden, like Wallace also belongs in a wheelchair,,,,retired, because becoming Democrat is a permanent disability that always makes you unfit to fully function. The only things about inflation Joe is capable of handling is Hunter’s inflatable dolls. He is only good at blowing things up,,,like our economy. Yes most people are tiring of the Joe Blow it Show, that has lots of media spot lights, but no Spot-On Solutions.
The Idiom, ” Never Send A boy To Do A Man’s Work. ” A description Given of the democrat Socialist, Communist Party Of America had sent Two democrat losers, President Joe Biden and his Vice President, Kamala Harris, ” to do a Man’s Work. . ” Even A Former democrat president, Barack H. Obama, warned Us about Joe Biden when he gave us this warnig, ” Never underestimate Joe Biden’s Ability to F- Things Up. “What were the democrats thinking when they picked Joe Biden.!
The democrat administration showed their concern about high prices at the Gas pump, the Grocery Store Etc when the Joe Biden Administration Lady said for example, if they didn’t like the High price of Gas , ” let them Buy A Electric Car, “” in other Words, ” let them eat Cake . “
“…He must move with skill and deliberation to keep soaring prices from overwhelming the paychecks of Americans.” In other words “That’s it, we are hosed”. The three key words being ‘move’, ‘skill, and ‘deliberation’. He can barely move, has zero skill, and deliberated from the day the election was stolen, but cant remember what he is doing from day to day.