Stupidocrisy: Inflation, what inflation?

Within hours of taking office, Joe Biden issued Executive Orders, such as cancelling the Keystone pipeline and ending oil exploration and leases on federal lands. These actions, and his Administration’s inept handling of COVID through lockdowns, supply chain disruptions and mandates set in motion a negative economic force unparalleled in the last 40 years. Yet the Biden Administration refuses to take responsibility for these devastating economic policies, and instead offers a traditional Democratic Party plan. In Biden’s own words, “You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share.” Now, his minions are on an inflation apology tour, but still offer no solutions.

That Executive Order that turned the United States from an energy independent nation into an energy dependent country lit the very fuse for the inflation explosion. The cost of energy drives all production. According to the US Department of Agriculture, a family of four on a thrifty food plan paid $917 for groceries in May, up about 65% from a year ago. Gasoline prices have jumped over 53% from $2.46 a gallon when Biden first took office to $4.62 a gallon on Monday. The American Automobile Association asks on its website “Is this the calm before the storm?” The answer is a loud “Yes.” Biden believes higher prices are necessary for Americans to transition to green energy and his Council of Economic Advisors Chair Cecilia Rouse says inflation “has been the consequence of mounting an effective response to the pandemic.” Huh?

The Democratic Party strategy on handling this Jimmy Carter 2.0 economy is denial and blame shift. It’s very similar to the whole COVID vaccine propaganda—no infection to infection but no death to infection and transmission but no death to just believe us, it’s safe and effective. Inflation is caused by businesses not paying their fair share of taxes to Russia’s invasion of Ukraine, to COVID effectiveness, to transitioning to green energy because of climate change to unforeseen “shocks” to the economy—like maybe an Executive Order on Biden’s first day that set the wheels in motion to put the brakes on a recovering economy?  After saying in 2021 that inflation posed only a “small risk,” Treasury Secretary Janet Yellen Tuesday told CNN, “I think I was wrong then about the path that inflation would take.” Really? You “think”?

She went on to say, “As I mentioned, there have been unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that have affected our economy badly that I didn’t–at the time–didn’t fully understand, but we recognize that now.” Yes, unanticipated results of your failed socialist policies. Now their political solution is to con the public into believing that inflation is not caused by Biden policies, it’s everything else. Ecclesiastes 10:1 says, “As dead flies bring a stench to the perfumer’s oil, so a little folly outweighs wisdom and honor.” These people have let the manure pile up so high in the barn that it will take years to clean it out, and the stench will last even longer. They believe they are so smart, but in reality, they exemplify, say it with me…Stupidocrisy.

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Bill Wilson

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