Inflation is up, incomes are down, and Biden is as clueless as ever

Voters repeatedly rank the economy as their top concern. That’s bad news for President Joe Biden because his economic record is terrible.

Biden first tried to solve his problem by talking about abortion. But outside of college-educated white women who already vote Democratic, no one cared.

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Biden then tried to convince voters that the Republicans were a “threat to Democracy” and “semi-fascist.” But as the early voting numbers poured in from states like Georgia, proving that Biden’s prediction of “Jim Crow on steroids” wasn’t serious, voters tuned him out on this issue, too.

With several Senate races turning against his party, Biden took to the campaign trail this week to test out a new message. This time, he took the economic issue head-on.

“Inflation is down, real incomes are up, and the price of gas is down,” Biden said at a speech in Syracuse, New York.

As the kids say, “Big, if true!” Alas, all three of those statements from Biden are outrageously false. And voters should punish him accordingly.

When Biden took office, inflation was below 2%. Now it is above 8%. So inflation is up.

When Biden took office, a worker’s real average hourly wage was $11.28. Today, it is $10.94. So incomes are down.

When Biden took office, the average price of a gallon of gas was $2.39. Today, it is $3.76. So gas prices are up.

These are not hard numbers to look up. And yet Biden thinks he can get away with repeating these blatant untruths. Why? Because the New York Times, the Washington Post, and MSNBC all let him repeat as much disinformation as he wants. None of these organizations bothered to fact-check any of these items from Biden’s speech. They just let him get away with it.

In his same Syracuse speech, Biden bemoaned the fact that oil company profits were rising even as the cost of a barrel of oil fell. But this is Biden’s own fault. Oil companies would love to invest their revenues in new domestic production, but Biden has been preventing them since his first day in office. With his fracking ban, his freeze of lease sales on federal land, and his administration’s deliberate dragging of its feet on the permits necessary to drill, Biden has helped create the scarcity that is driving up the price of gasoline. It is Biden himself who is preventing oil companies from making the investments needed to bring down the price of gas at the pump.

Want lower gas prices? Then let oil companies invest in new wells, new refineries, and new pipelines. That is how you can lower gas prices and cut inflation.

But Biden is too beholden to far-left environmentalists to let any of these investments happen. So now, we all must suffer for his policy mistakes.

Fortunately, it has become increasingly clear who is to blame for the economy’s inflation woes. It is Biden, with his record high stimulus spending and his refusal to allow the investments needed to meet the nation’s energy demands. Voters know this, too, and they are about to punish Biden and the Democrats accordingly on Nov. 8.

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