From: johnny@invalid.net   
      
   By Larry Kudlow   
   Published 15 hours ago    
      
   So, Joe Biden was out this morning in all his splendor, talking about   
   the May jobs report and many other things.     
      
   I don't know if folks remember the great moment in the1980 presidential   
   debate between Ronald Reagan and Jimmy Carter. Carter was like a little   
   ankle-biting puppy dog. He kept swiping away at Reagan with falsehoods,   
   whereupon finally The Gipper turned to him and said, "There you go   
   again." The crowd roared. The debate was won and the rest, as they say,   
   was history. Good history, I might add.    
      
   Today, we're making bad history. Today, Joe Biden had this absolutely   
   fantastic line talking about inflation and how we have to understand   
   the root of the problem. Take a listen.    
      
   PRESIDENT BIDEN: It’s important that we understand the root of the   
   problem so we can take steps to solve it. I've been upfront with the   
   American people from the outset that there would be a cost here at home   
   of Putin’s decision to brutally and savagely invade a sovereign nation.   
      
   What's so wonderful about this is that Mr. Biden and his team are   
   engaged in a full-bore campaign to hide the real cause of inflation.   
      
   Cut!   
      
   If Putin is really the problem, then why is our inflation so much   
   higher than the inflation rates of the other OECD big economies?    
      
   A recent study from the San Francisco Fed entitled "Why is U.S.   
   inflation higher than in other countries?" shows that core U.S. CPI   
   inflation is running about 5%, while the rest of the OECD is running   
   about 2%.    
      
   Of course, there's never any mention of his $2 trillion emergency   
   spending plan that provided the inflationary liftoff in the first place   
    — like jamming even more demand into the Trump V-shaped recovery that   
   was already strong and at the same time, the Bidens put the clamps on   
   the fossil fuel industry and other anti-business policies that   
   restricted the supply of goods and services.    
      
   So, in ordinary terms, Biden's woke economic policies boosted demand   
   and shackled supply.   
      
   The result: higher inflation. This happened a year before Vladimir   
   Putin was massing troops on the Ukraine border and in the year before   
   Putin, inflation took off, as did gasoline prices, food prices and   
   virtually every other price.   
      
   https://www.foxbusiness.com/media/larry-kudlow-joe-biden-america   
   s-root-cause-inflation    
      
      
       
      
       
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)