Bidenomics

Unless you’ve been stranded on a desert island with a volleyball named Wilson, you and many Americans are keenly aware that the cost of darn near everything has gone up. The most obvious indicator is the increased cost of gasoline. California leads the Nation with an average cost of $4.68 a gallon for 87 unleaded, nearly a $1.40 increase over the same time last year. What’s changed? Simple, the Nation has an economic policy known as Bidenomics, a voodoo offshoot of realistic fiscal policy.  This practice leads to “Bidenflation”. Joe and his clueless advisors are responsible for this mess.

The tone-deaf elites that populate the executive branch and Biden have given the country the worst inflation in 31 years. The current spin from the Administration is that it’ll all go away next year. Certainly, it is reassuring to hear this from the same people who didn’t see it coming in the first place. Most folks couldn’t explain supply side economics or quantitative easing. However, they know inflation when they see it, at the gas pump, the grocery store, or their home heating bill because it’s part of their everyday lives. They do not need the “don’t worry guarantee” from a bunch who couldn’t operate a self-serve gas pump.

One individual who is likely clueless about the location of her car’s gas cap is MSNBC's Stephanie Ruhle, a millionaire who said Americans just need to pay the higher prices as the country struggles with inflation. She further opined that Americans have plenty of savings because the pandemic has kept them at home, so they didn’t spend a lot of money. The only cheers for this incredible burst of clear-cut ignorant reportage from the progressive democratic socialists’ favorite network, came from the West Wing of the White House.

So, what’s Joe going to do about the runaway cost of gasoline, groceries, and anything else? Looks like he’s going to drone on endlessly that his 1.75 trillion dollar “Build Back Better” legislation will end Bidenflation. Any economist with the IQ higher than that of a soda cracker knows that when you pump billions of program dollars into an economy by printing money without a realistic plan to pay for it, inflation is created. But “au contraire Joe” says that all this government largess won’t cost the average taxpayers a nickel.  Instead, he’s going to make corporations and the rich pay their “fair share” of taxes.  Does anyone think the “evil” corporations are going to keep their product prices the same, if this occurs? Perhaps Wilson the volleyball believes.

Another aspect of the “Build Back Better” boondoggle is the heavy emphasis on “green energy” spending. Windmill generators, increase solar panels usage, and a nationwide network of charging stations for electric cars are some of the call outs found in the bill. Saving the planet from global warming by reducing carbon emissions is one of the major selling points of the bill.  The Chinese must be doing the happy dance at the prospect of this legislation passing.  7 of the top 10 windmill manufactures are in China. Currently 67% of the worlds solar panels are made in China. The United States used to make all the solar panels in the world, but cheap labor coupled with government subsidies found in other nations has reduced the percentage to less that 5%. How many clean energy jobs will be created with this in mind, Joe? Furthermore, electric cars are not at a sensible cost point for many Americans.

Former Treasury Secretary, Lawrence Summers, a Harvard economist warned last spring when the Biden regime strong armed the passage of the American Rescue Plan, a $1.9 trillion emergency fiscal measure. He stated that it would create the risk of an inflation spike later in the year, potentially cutting into the economic recovery from the Covid-19 pandemic. Larry was prescient. He’s “Carnac the Magnificent” of economic forecasting. His prediction that it would overheat the economy was spot on.  That, coupled with the President’s looney attack on the America energy sector, has acerbated the economy. The country doesn’t need more spending, what’s needed is more fiscal responsibility along with home grown energy production.

The villain of Bidenflation is fossil energy costs. Hauling the goods folks consume costs more and staying warm in the winter is essential. Heating oil is set to rise an average of 39 percent compared to last winter. Natural gas prices are predicted to be 29 percent higher than last winter on average, and propane may rise 46 percent.  Ordinary folks will not ignore the obvious impact on their household budget that the elite DC swamp dwelling, Tesla driving politicians and career bureaucrats are oblivious to.

Joe could solve the high energy cost problem today by rescinding his executive orders of January 20th.  that clobbered the oil companies and pipeline builders. Instead, he sent a letter to the Federal Trade Commission today asking them to examine why prices at the pump aren’t going down! His letter states that oil company costs are going down. Huh? Joe, look at the cost of a barrel of oil now versus last year, 80 bucks now, last November 42 bucks. 

He could solve the clean energy job creation conundrum by creating tax breaks for American companies to make the ingredients for windmills and solar panels in the United States. He could restore the economy to a solid footing by hiring a new team of economic advisors. It looks like Wilson and Larry Summers are available Joe. Call them