President Biden delivers a speech during a visit to the Port of Baltimore. Evelyn Hockstein/REUTERS
Biden has finally admitted that inflation is at a three-decade high, due to people “having more money now.”
This response comes in part due to the $1.9 trillion COVID-19 stimulus legislation that was passed during the pandemic…
The fact of the matter is that now the dollar is rapidly losing its buying power as a result of the government printing money to cover their COVID-19 aid programs, and it doesn’t seem like Biden had any plans to combat the aftermath of his choices, but what else is new?
He’s essentially resorted to blaming the American people for the problems that he caused. “The irony is people have more money now because of the first major piece of legislation I passed. You all got checks for $1,400. You got checks for a whole range of things,” Biden said during a speech in Baltimore.
The stimulus checks that went out have provided more people with income that they couldn’t spend going out to dinner or on public activities; instead, they turned to shopping online.
“On the one hand, we’re facing new disruptions to our supplies. At the same time, we’re also experiencing higher demand for goods because wages are up as well as people have money in the bank. And because of the strength of our economic recovery, American families have been able to buy more products.”
For some reason, Biden thinks that inflation rates will drop soon.
He’s not alone; several other house democrats have also been downplaying the severe effects of inflation over the past several months.
They insist that it’s “not out of control” despite the highest price-hike of gas we’ve seen in decades across the country.
The Biden administration is calling this inflation “transitory” and continues to brush it off. Meanwhile, Biden has come out and said that he ‘understands that inflation is a problem’.
Is he really being sincere? Or is he just saying this to appear sympathetic towards us?
Naturally, the dems want to find a scapegoat for their problems and pretend that every decision they make isn’t completely detrimental to the American economy.
Rep. Sean Patrick Maloney D-N.Y. has said that although he thinks that the rising inflation is concerning, it’s not nearly as problematic as the issue of “a cynical political game [that’s being] played by the Republicans.”
So to the dems, punishing the Republican party and labeling them as the bad guys for wanting to voice their opinions is more important than ensuring the stability of our nation’s economy…
The fact of the matter is that Biden and the rest of the House dems are simply out of touch with reality…
They do not understand the concerns of the average American over the rising inflation, and how it affects us, nor do they care.
Inflation in my opinion is when you have to spend more because of policies that don’t work,
and especially not being able to save any money.
He forgets it’s the funds collected through taxation that is supporting his big ole mistakes.
Why is there not an investigation about Hunter Biden’s “business” activities with Russia, China and the art world and his connections with ‘the big guy,” his father President in name only Joe Biden.
Biden never gave a damn about the American People and Sure lsnt Going To Start Now. His Opinion ls We Are The Reason He ls Such A Failure.
Not for the rich it’s not!!!