Joe Biden has been caught spouting off lies his entire career.
Now that his Presidency is imploding, it’s getting even worse.
And the San Francisco Fed just busted him for pushing this outrageous lie.
Biden’s solution to the problem he caused has been even more government spending.
His regime has said the $4 trillion Build Back Better bill would bring down inflation.
Build Back Better is a grab bag of every horrible left-wing idea for the last 50 years.
Biden has no solution to the inflation crisis other than doubling down on his socialist agenda.
The San Francisco Fed joins a number of surprising voices hitting Biden over inflation.
Former Clinton Treasury Secretary Larry Summers warned before the American Rescue Plan passed that it could “set off inflationary pressures of a kind we have not seen in a generation.”
Obama auto czar Steven Rattner blasted Biden’s excuses in The New York Times blaming spending for the problem.
Even the Left is calling out Biden for the disaster he caused.
With inflation here to stay, we can expect more outlandish lies from Biden.
Joe Biden has gone on a spending spree as President that would make a drunken sailor blush.
His first major bill in office was the $2 trillion monstrosity known as the American Rescue Plan.
The bill was touted as pandemic relief but only spent about 8% on its stated goal.
It was actually the biggest pork-filled special interest giveaway in history.
After flooding the economy with trillions in debt-financed spending, inflation has skyrocketed.
Inflation is at its highest levels in 40 years with the worst yet to come.
America’s inflation is now the highest in the developed world and at levels usually reserved for a third world country.
After causing the worst inflation in decades, Biden has used every excuse to avoid taking responsibility.
At first, his regime said inflation was only temporary, but that deception was quickly exposed.
Now, he’s turned to blaming everything from inflation to high gas prices on Vladimir Putin.
Biden has repeatedly denied that his spending spree had anything to do with inflation.
“I’m sick of this stuff . . . the American people think the reason for inflation is government spending more money. Simply not true!” Biden angrily said.
The Federal Reserve Bank of San Francisco just punched a hole in Biden’s laughable excuses for inflation.
Economists there found that massive government spending caused inflation to skyrocket in the U.S. more than other developed countries.
“Fiscal support measures designed to counteract the severity of the pandemic’s economic effect may have contributed to this divergence by raising inflation about 3 percentage points by the end of 2021,” said the economists in the San Francisco Fed’s weekly Economic Letter.
This completely exposes the outrageous lie pushed by Biden that government spending had nothing to do with inflation.
When the usually cautious Fed is putting this out, there’s no denying that Biden is the source of American’s pain.
Stay tuned to Conservative Underground News for any updates to this ongoing story.