Forums before death by AOL, social media and spammers... "We can't have nice things"
|    alt.politics.economics    |    "Its the economy, stupid"    |    345,374 messages    |
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|    Message 344,720 of 345,374    |
|    Scott Raines to All    |
|    Biden pays the price for causing runaway    |
|    11 Apr 24 09:19:45    |
      XPost: alt.fan.rush-limbaugh, alt.politics.trump, sac.politics       XPost: talk.politics.guns       From: sraines@comcast.net              The Biden Re-Election Victory Parade hit a pothole the size of Ohio on       Wednesday.              The latest consumer price data show inflation is accelerating and hitting       an annual rate of almost 5%.              Democrats fear the inflation rate could soon be higher than President       Biden’s approval rating.              In January 2022, I predicted here that inflation would politically       bankrupt Biden — that it would be “the wrecking ball that could       politically destroy Biden.”              According to the Team Biden storyline, inflation went from a nonexistent       threat in 2021 to transient in 2022 to simply a bad memory in 2024. But       along the way, the purchasing power of the American dollar fell by almost       20%.              Regardless, it was bad taste to mention it in public. Biden called Fox       News White House correspondent Peter Doocy a “stupid son of a bitch” in       2022 for asking about inflation’s impact.       Is the Democratic Party incurably out of touch? On MSNBC Wednesday       morning, Rep. Jim Clyburn (D-SC), who delivered black primary voters and       secured Biden the Democratic presidential nomination in 2020, was gushing       praise for Biden and denouncing complaints about inflation as       “disinformation” from social media.              The host interrupted him to announce the report of the higher inflation       number.              At a brief press conference Wednesday, Biden boasted the inflation rate       isn’t as bad as earlier in his presidency.              How relentless food inflation is becoming Biden’s major hot potato       Biden vindicated himself by falsely claiming “inflation was skyrocketing”       when he took office in early 2021. Actually, the rate was 1.4% — less than       a third of the current 4.8% annualized rate based on last month’s data.              The Biden administration has the highest rate of food inflation since the       Nixon administration.              Edward Snowden quipped that the White House is trying to defuse anger by       “telling people no, no, a shopping cart full of groceries has always cost       $36,000.”              Actually, it is not quite that bad: A $100 cart of groceries in 2019 now       costs $137.              Georgia Democratic Party leader Stacey Abrams touted abortion as the       ultimate fix: “Having children is why you’re worried . . . about how much       food costs.”              Even former White House Chief of Staff Ron Klain said in a speech that       “the president is out there too much talking about bridges. . . . You go       to the grocery store and, you know, eggs and milk are expensive.”              Team Biden portrays Americans as a bunch of pitiful whiners for       complaining about inflation. But the problem is much worse than the White       House admits.              Inflation data epitomize how federal statistics can be a weapon of mass       deception.              Larry Summers, Bill Clinton’s treasury secretary, recently observed that       if the feds today used the same inflation gauges used in the 1970s,       Biden’s peak inflation would have been 18%, twice as high as the reported       number.              Mortgage costs are no longer counted in federal inflation data. Since       Biden took office, the average monthly mortgage payment for a new home has       almost doubled, reaching $3,322 per month.              But that pummeling price increase and locking millions of families out of       home-buying opportunities is irrelevant to the official inflation gauge.              Joe Biden’s ex-chief of staff finally admits it: Inflation is clobbering       us       Biden’s media allies are hectoring Americans to stop grumbling about the       vanishing purchasing power of their dollars.              An economic professor in the New York Times recently portrayed inflation       fears as merely an “macroeconomic anxiety attack” and told readers: “Don’t       Worry. Be Happy.”              The Washington Post showcased a professor who told families earning less       than $289,000 per year to “adjust” to inflation by eating lentils instead       of meat, ditching their car and taking public transit and maybe letting       their pets die. Veterinary costs are rising at 8% a year.              Biden has been an inflation pyromaniac while boasting of being the world’s       greatest firefighter.              In a 2022 speech to Democratic members of Congress, Biden raged at being       blamed for inflation: “We have to talk about it because the American       people think the reason for inflation is the government spending more       money. Simply. Not. True.”              It’s not? Biden has driven up the cost of gasoline by pursuing expensive              [continued in next message]              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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