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EconomyJune 17, 2022
Clown World: White House Discussing New Plan to Fight Inflation... That Would Create More Inflation
Inflation is at a 40-year high. Gas is up 48.7% since last year. Groceries are between 13% and 32%, depending on what you have a taste for. Fuel Oil is up over 100%. Joe Biden wants you to believe none of this is his fault, even though it's totally his fault. Biden's economic agenda pumped tons of government money into the economy. Doing so is a leading cause of inflation. Inflation is at a 40-year hide.
The White House brain trust (I use the words "brain" and "trust" loosely) is trying to come up with quick fixes to prevent the red supernova from coming in November. One of their ideas to solve a problem caused by too much government spending? MORE GOVERNMENT SPENDING! According to WaPo, one of the ideas is to send Americans more money in the form of gas cards.
"Biden officials are taking a second look at whether the federal government could send rebate cards out to millions of American drivers to help them pay at gas stations — an idea they examined months ago before ruling it out."
Good because it's a terrible idea. We're in a crisis caused by government spending. More government spending causes more of a crisis. Maybe the White House can explain this to Biden using sock puppets.
"Aides had found that shortages in the U.S. chip industry would make it hard to produce enough rebate cards, two people familiar with the matter said. "
"White House officials also fear there would be no way to prevent consumers from using them for purchases other than gasoline, according to another person familiar with the discussions. "
That hasn't stopped White House officials yet. I'm surprised they are starting now. They didn't care about waste and fraud in the American Recovery Act. I'm surprised they care someone might buy a bag of Cheetos instead of filling up their gas tank
"Even if the administration embraces the proposal, it would probably require congressional approval and face long odds among lawmakers wary of spending more money."
Yes, because SPENDING MORE MONEY IS HOW WE GOT IN THIS MESS. Biden should spend less time lying, saying that America has less inflation than anywhere else, and pretending to have a clue. I doubt it. He told the Associated Press he finds it odd Republicans would blame his spending for inflation. It's because the GOP knows how to do math, and the monkey banging symbols where Joe Biden's brain should be is on a cigarette break.
Your government at work, folks.
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