Biden and the Democrats have been so focused on undoing everything Donald Trump did that they’ve made a disaster of the economy in just the few short months they’ve been in control.
The liberal belief that throwing money at a problem will fix it continues to hit the American people in the place it hurts most – their wallets.
And it appears Joe Biden skipped Econ 101 after this statement on how he’s “fixing” inflation.
For months, U.S. Treasury Secretary Janet Yellen told Americans not to worry about inflation – it wasn’t coming.
Then in a complete 180, she changed her tune and declared Americans would see “rapid” inflation in the coming months.
Of course, this led to people wanting to know what Joe Biden thought about this and how he planned to help stabilize things.
In a statement released yesterday, Biden stated that Congress needs to pass his bloated economic agenda to get the rising inflation under control.
Yes, you read that correctly. The President of the United States wants to spend more to fix inflation.
“As our economy has come roaring back, we’ve seen some price increases. Some folks have raised worries that could be a sign of persistent inflation. But that’s not our view,” Biden said, speaking from the White House.
Some price increases? That’s certainly downplaying the issue.
Just last week, the government reported that prices for goods and services jumped by the most it has in 13 years.
The Labor Department reported that consumer prices have risen by 5.4% in just the last year.
Biden went on to say that his administration is doing “everything we can” to address the higher-than-expected inflation.
“Look, we brought this economy back from the brink. There are going to be ups and downs. The reality is you can’t flip the global economic light back on and not expect this to happen. As demand returns, there’s going to be global supply chain challenges,” Biden stated.
No one is quite sure where Biden gets the idea that he and his administration “brought the economy back from the brink.”
It’s policies like unemployment for people who just don’t feel like getting a job and continued lockdowns in blue states that continue to kill the U.S. economy, but the Dems don’t see that.
The Democrat Party continues to preach that handouts will save everyone.
In March, Democrats passed a $1.9 trillion bailout bill with no Republican support, and prices have been spiking ever since.
And, now the Dems are pushing for another $4 trillion in new spending for so-called “infrastructure” or Biden’s definition of “infrastructure,” which is actually not infrastructure at all.
Biden claimed that government “investments” would curtail rising inflation – rather than make it worse as most believe it will do.
“If we make prudent, multi-year investments in better roads, bridges, transit systems and high-speed internet, a modern resilient electric grid, here’s what will happen: It breaks up the bottlenecks in our economy. These steps will enhance our productivity, raising wages without raising prices. That won’t increase inflation, it’ll take the pressure off of inflation,” Biden said.
Democrats want nothing more than for the people to be entirely dependent on them for everything, and weakening the economy is the best way to do that.
If people can’t afford basic necessities, they will need the government to help them, and so begins the communist utopia the liberals so desperately want.
Stay tuned to Conservative Underground News for any updates to this ongoing story.