Even as President Joe Biden was spewing deplorable falsehoods about his political opponents in Atlanta, the chickens of his administration’s economy were coming home to roost. Wednesday’s Bureau of Labor Statistics report on inflation, revealing last month’s 7% inflation rate, sets yet another 40-year record, harkening back to the bad old days of double-digit interest rates and Paul Volcker’s bitter medicine for the economy of the early 1980s.
With this week’s report, it is clear that the Biden economy is in an inflation crisis. It is a crisis that neither Biden nor his useless Twitter-addicted senior staff has any clue how to fix. But they have all kinds of ideas about how to make it even worse.
Inflation is raging even as last week’s Labor Department employment report shows that Biden’s economy is falling far short of expectations for job creation.
If you’re wondering why Biden has become so bitter and vituperative about legislation in Congress that is going nowhere, look no further than these economic results. The average worker in 2021 lost the equivalent of two paychecks due to Bidenflation.
Lower-income earners have been hit the hardest as food and energy prices have skyrocketed. Biden has no clue how to stop these rising prices, which is why he can resort only to distractions. That’s why he can be found in front of the nearest camera, loudly spouting whatever nonsensical political rhetoric his staff writes and puts in front of him in a special large-type font.
But even as Biden tries his 79-year-old best to sound like his heart is in it, his rhetoric practically glows from its insincerity. It is hard to believe that a president proving to be such a disappointment in so many areas — foreign policy, immigration, the pandemic, the supply crisis, and the economy — is now attempting a massive power grab in the Senate so he can rig elections in his party’s favor and do even more damage to the economy through inflationary spending with the barest of legislative majorities.
Fortunately, Biden does not even have simple-majority support for this endeavor nor the full backing of his own party. This makes his push to destroy all the checks and balances on his power within the Senate even more absurd and needlessly divisive than it is.
Biden’s lack of support from other Democrats may be the one thing saving the nation from a far worse situation than the one it is suffering now. Voters can only look forward to this fall, when they can finally send Biden a message about his divisive, toxic, and totally incompetent stewardship of a formerly strong and recovering nation’s well-being.
