Inflation Pandemic
Despite the denials from the Biden Regime, the United States is in the throes of a serious economic downturn, wholly due to the Regime’s governance. The folks are less than pleased as Joe’s approval rating has sunk to a new low, 36% in the latest survey. In the most recent Monmouth University poll, 88% of Americans responded that the country is on the wrong track. No fooling.
Naturally, one would think that this kind of dismal news would cause the governing party to take some affirmative steps to restore the credulity with the populace. Not this bunch. These policy makers, who give Biden the material he reads off the teleprompter, haven’t a clue regarding basic economic theory in the capitalist republic. It would be a safe bet to assume they couldn’t balance a check book, but probably know how Apple Pay works.
They obviously wrote the dumbest tweet regarding the root cause of the current inflation pandemic, the high price of gasoline and diesel, for Joe to put out in his name. The following piece of holiday weekend advice is astonishingly stupid.
“My message to the companies running gas stations and setting prices at the pump is simple: this is a time of war and global peril. Bring down the price you are charging at the pump to reflect the cost you’re paying for the product. And do it now.”
Apparently, no one let the dunces who wrote this nonsense for Joe know that most gas stations are “mom and pop” operations, not controlled by the evil oil companies or refiners. Where does Joe get the hutzpah to put this boloney out? He doesn’t know since he spent 40 plus years riding a train to and from his Delaware home when he was a Senator. It would be a fair bet to assume he’s never been at one with a self-service pump at a gas station.
The second richest guy in the world, Jeff Bezos referred to Biden’s weekend tweet with his own, “This is either straight ahead misdirection or a deep misunderstanding of basic market dynamics.” You don’t get to be mega rich by being a dumbbell. Jeff gets it, Joe doesn’t.
In addition to blaming the gas station owners, the Biden Regime continues to accuse Putin, Refiners, the Ukrainian invasion and perhaps the Easter Bunny for out-of-control fuel prices. Anyone with access to the internet would find the United States has more proven oil and gas reserves than most of the known fossil fuel fields in the world.
So why are Joe and his media minions claiming that the oil companies are greedy and exploiting the hapless consumers? Why didn’t the compliant toadying press accuse them of this behavior when Trump was President? The executive orders that were signed on January 20, 2021, signaled the start of the war on fossil fuels and the embrace of climate change hooey. Production of new resources effectively ended. That was the beginning of the assault on the American household budget.
The inflation rate was 1.4% in 2020 compared to today’s 8.6%. Most savvy economist will attribute this to the accelerated cost of fuel which started well before Putin invaded Ukraine. In 2021, the rate exploded to 7% thanks to unnecessary stimulus spending and Joe’s war on energy. Maybe America’s oil and gas companies should name that noted expert on energy, Hunter Biden, to their boards like the Ukrainian energy company, Burisma did. That could possibly get Joe to reverse his position on American fossil fuel resources.
The greatest threat to this Republic, foreign or domestic, is the continuation of progressive Democrats running the government. This bunch of professional politicians and bureaucrats lack meaningful real-world experience. Like Biden, most have never run a business or met a payroll. He’s lived in an elitist make-believe land for 50 years, eating from the public trough. He’s never had to generate revenue. Years of government service by all these “geniuses” has dulled their brains about how most folks’ live day to day. All the “pros” surrounding the President wouldn’t know a creative idea or a sound economic policy if it bit them on the buttocks.
We need competence in our leadership, not an old man in a Brooks Brothers suit, reading from scripts written by people we don't know. Blaming Putin again for high gas prices like he did today’s speech in Cleveland. Critical government roles need to be filled by people with fundamental experience, and not chosen by skin color, gender, sexual preference or ethnic background. That’s the real vaccine for the Inflation Pandemic.
Until we gain such competence, we will have to suffer through this incompetence or hope that a significant change in the Congressional majority will end the Regime’s economic ineptitude in the November midterm elections.