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.

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