Biden confusion, economic edition

 There's little doubt that the Biden administration's policies have created unacceptable levels of inflation since taking office. The questions start when debating whether this inflation is transient or lengthy. It doesn't help Democrats' messaging when they're led by Joe Biden, Nancy Pelosi, Chuck Schumer and Janet Yellen.

Biden, Pelosi and Schumer are economic illiterates who haven't put together a coherent economic policy in a generation. They're currently presiding over an economy that's hurt by inflation and that's just half-open. The economy needed to be fully opened, something that the AFT wouldn't allow.

If Biden was a legitimate leader, he would've told Randi Weingarten that schools were opening. Instead, Biden got rolled by Weingarten on reopening schools. While COVID-19 still exists, the emergency phase of COVID-19 is over. That isn't just my opinion. That's what Dr. Nicole Saphier thinks, too. Then there's this:

Inflation isn't under control. Last week, the CPI hit 4.2%, the highest it's been since September, 2009. That's when the Obama administration rolled out the ARRA, aka the American Recovery and Reinvestment Act of 2009, another massive infusion of government spending. Back then, most of the money went to bail out state governments running huge deficits.

Then as now, lots of money was sloshing around but it didn't result in lots of products getting sold. The high school definition of inflation is too many dollars chasing too few goods. The ARRA was supposed to focus on "shovel-ready jobs", jobs that didn't materialize. Those jobs didn't materialize as imagined because of the permitting process:

 
The current 'infrastructure bill' has the same fatal flaw as ARRA. Without permitting reform, most of the infrastructure projects won't get done in a timely fashion. Further, since the infrastructure bill was submitted, the Colonial Pipeline was attacked. If people were given the choice of spending money on childcare or cybersecurity, I'm betting that they'll pick cybersecurity by a lopsided margin.

The chances of the economy rebounding to pre-COVID levels are virtually zilch. The chances of the economy rebounding to pre-COVID levels with Joe Biden or 'Commie' Harris is zilch.

Comments

Post a Comment

Popular posts from this blog

Tim Walz's Confederate Flag Fiasco

Image
After Minnesota's Democrats shoved the most controversial progressive legislation down Minnesotans' throats, gossip started popping up about Gov. Walz being interested in running for president . That's died off but Gov. Walz is still making headlines, this time for all the wrong reasons. First, Gov. Walz isn't the brightest bulb in the chandelier. Still, Gov. Walz is fighting against Minnesota's history. This Alpha News article quotes David Hann, the chairman of Minnesota's Republican Party, as saying " The flag the DFL has eliminated was a version of the historic flag our regiments fought under during the Civil War. Minnesota was the first state to offer troops to the Union cause in 1861 , beginning a long tradition of leading the nation in confronting injustice. The DFL quest to erase our history is repugnant and should be rejected." Gov. Walz, though, sees things differently. He's quoted as saying "Minnesota is a diverse state, it continue
Read more

What is Kamala Harris afraid of?

Image
Apparently, Kamala Harris suddenly loves debating. Let me rephrase that. Harris loves debating as long as the moderators are partisan hacks. She wants nothing to do with a debate moderated by Fox's Bret Baier and Martha MacCallum. She's afraid of Bret and Martha because a) they'll either fact-check both her and Trump or they won't fact-check either of them and b) Bret and Martha aren't afraid of asking follow-up questions. To a candidate whose answers are scripted and who isn't quick on her feet, the last thing you want is a follow-up question. Kamala fears follow-up questions like vampires hate wooden stakes, sunlight and holy water. Why has Kamala Harris avoided Fox News like the plague? The moderators/propagandists fact-checked Donald Trump aggressively but didn't fact-check Harris . Why didn't David Muir and Linsey Davis fact-check both candidates equally? Is it because Harris doesn't like fair fights? Perhaps she's just afraid of getting exp
Read more

Why is Joe Biden letting Hamas off the hook?

Image
It isn't disputable whether Joe Biden's administration is letting Hamas off the hook. That issue was settled months ago, when a spineless Joe Biden caved to activists interested in saving Hamas and thwarting the Israelis' attempt to defend themselves. Gerard Baker's op-ed highlights what's at stake for the U.S. if the terrorists are permitted to survive. In his op-ed, Baker wrote "If, under the pressure of internal Democratic politics and global public opinion, the Biden administration forces a 'cease-fire' that leaves our closest ally in the region short of victory over an enemy that seeks to destroy it, sooner or later we shall all pay the price." It's time to revisit George W. Bush's speech to a joint session of Congress on Sept. 20, 2001. It's required that we remind ourselves of one of its most important paragraphs. In talking about who committed the atrocities of 9/11, President Bush identified al-Qa'ida as "a collectio
Read more