Elizabeth Warren's rose-colored glasses

Let's start by admitting that Elizabeth Warren isn't the brightest economic mind in the Senate. Melissa Francis once said that, when she worked at CNBC, she was assigned to cover Elizabeth Warren. Francis said that Sen. Warren had "predicted 20 of the last 3 recessions."

Naturally, she's trying to give Democrats credit for the fantastic things they did without admitting that Democrats caused the sky-high inflation by ignoring sound economic principles. Sen. Warren said "Voters rewarded Democrats for protecting the lives and livelihoods of struggling families in a pandemic; modernizing infrastructure, not just talking about it; allowing Medicare to negotiate lower drug prices; capping insulin costs for older Americans; making tax-dodging corporations pay up on billions in profit; lowering carbon emissions and reducing utility bills; and canceling student debt for over 40 million Americans."

First, while Medicare is negotiating some drug prices, it now isn't negotiating prices for medications that protect against Alzheimer's. Further, the tax hikes on corporations, forever a favorite with Democrats, will drop production while increasing inflation. Then again, what's a few extra points of inflation with Warren's Democrats when they're already responsible for the highest inflation since 1981? Third, Democrats haven't done a thing to reduce utility bills. That's fiction. Fourth, a judge has stopped Biden's unconstitutional student loan bailout. In his ruling, the judge said he doesn't have the constitutional authority to appropriate money.

For each of the president’s decisions, the punditry was relentless, but the American people, Democrats, independents and Republicans, validated the president’s agenda with their votes. Passing the American Rescue Plan coincided with the president’s highest approval ratings. The national media heralded passage of the Inflation Reduction Act as the best stretch of the Biden presidency and his approval ratings jumped. The president’s leadership on issues from student debt relief to long-awaited climate action helped motivate young people to vote in near record numbers.

Despite all of these faux accomplishments, 75% of the American people think we're heading in the wrong direction. When Biden was inaugurated, the economy was growing at a 6.5% rate, CPI inflation was 1.4% and a gallon of gas cost $2.39 a gallon. Less than 2 years later, CPI inflation is 7.7%, the economy declined 2 straight quarters before rebounding slightly this quarter. Meanwhile, gas costs $3.80 a gallon. Biden and Warren and the rest of the Democrats took a growing economy with virtually no inflation and turned it into a stagflation-riddled bust. It's time for Democrats to take off their rose-colored glasses and stop their lying. Check this BS out:

Apparently, Ms. Warren hasn't read the Constitution. If she had, she'd know that Congress has the power of the purse. (No, the HEROES Act isn't applicable to this situation.)