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Biden Thinks You’re An Idiot: It’s Pretty Obvious President Will Blame Coming Economic Ruin On GOP After Midterms
Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Tim Meads.
President Joe Biden thinks you are an idiot.
Based on the president's comments last week, it is abundantly clear that his team is readying to blame Republicans for any economic ruin after the midterm elections - despite the fact that his economic policies over the past 20 months are behind current skyrocketing costs.
"If Republicans win, inflation's going to get worse. It's that simple," Biden recently said in Los Angeles.
Biden's declaration came the same day that the Bureau of Labor Statistics consumer price index reported that inflation was hotter than expected in September and rose by 8.2% year-over-year. That is now the twelfth straight month with inflation year-over-year above six percent.
Somehow, Biden wants you to believe that Democrats have a handle on inflation, and the GOP will only add to the worries.
Of course, throughout 2021, America was also experiencing inflation, albeit at a slightly lower rate. For example, in July 2021, the U.S. saw an annualized rate of inflation of 5.4%. The president claimed that the surging costs were due to a roaring economy but that it wouldn't last long.
"Some folks have raised worries that this could be a sign of persistent inflation," he added. "But that's not our view. Our experts believe and the data shows that most of the price increases we've seen are - were expected and expected to be temporary."
It was not temporary and, in fact, only worsened after those comments.
In December 2021, Biden predicted America was at the peak of inflation. Clearly, that was false.
What Biden never mentions is that the data indicate his party's $1.9 trillion stimulus, the "America Rescue Plan" passed in the spring of 2021, deserves blame for the high inflation. Larry Summers, a Harvard professor and former economic advisor to President Obama, warned that the package would overstimulate the economy and cause inflation. Leftists dismissed his concerns.
He called the bill the most irresponsible economic decision in more than 40 years.
Now, it looks like Summers was right.
Never one to take responsibility, the president has also blamed another person for his economic woes - Russian President Vladimir Putin.
After Russia invaded Ukraine, the Biden administration shifted the blame for the rising costs of goods on the "Putin Price Hike."
In June, Biden claimed, "I understand inflation is a real challenge to American families.
"Today's inflation report confirms what Americans already know," he continued. "Putin's price hike is hitting America hard."
Again, Biden must have been hoping Americans did not notice the inflation prior to February 24, 2022 - the day the Ukrainian war started.
If you ask the president, the economy is "strong as hell." He said that while munching on an ice cream cone, completely oblivious to the world around him.
White House economic adviser Cecilia Rouse, however, says that the economy is going to slow down - presumably code for 'we are about to enter a recession as predicted by many economic experts.'
"We are starting to see signs that our red-hot economy is starting to cool," Rouse said on Sunday.
It is not hard to see that Biden will fault the GOP for that "cooling" if and when Republicans take back at least the House during this year's midterm election.
Worse, he thinks you are an idiot and will fall for his blame game.
The views expressed in this piece are the author's own and do not necessarily represent those of The Daily Wire.
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President Joe Biden thinks you are an idiot.
Based on the president's comments last week, it is abundantly clear that his team is readying to blame Republicans for any economic ruin after the midterm elections - despite the fact that his economic policies over the past 20 months are behind current skyrocketing costs.
"If Republicans win, inflation's going to get worse. It's that simple," Biden recently said in Los Angeles.
Biden's declaration came the same day that the Bureau of Labor Statistics consumer price index reported that inflation was hotter than expected in September and rose by 8.2% year-over-year. That is now the twelfth straight month with inflation year-over-year above six percent.
Somehow, Biden wants you to believe that Democrats have a handle on inflation, and the GOP will only add to the worries.
Of course, throughout 2021, America was also experiencing inflation, albeit at a slightly lower rate. For example, in July 2021, the U.S. saw an annualized rate of inflation of 5.4%. The president claimed that the surging costs were due to a roaring economy but that it wouldn't last long.
"Some folks have raised worries that this could be a sign of persistent inflation," he added. "But that's not our view. Our experts believe and the data shows that most of the price increases we've seen are - were expected and expected to be temporary."
It was not temporary and, in fact, only worsened after those comments.
In December 2021, Biden predicted America was at the peak of inflation. Clearly, that was false.
What Biden never mentions is that the data indicate his party's $1.9 trillion stimulus, the "America Rescue Plan" passed in the spring of 2021, deserves blame for the high inflation. Larry Summers, a Harvard professor and former economic advisor to President Obama, warned that the package would overstimulate the economy and cause inflation. Leftists dismissed his concerns.
He called the bill the most irresponsible economic decision in more than 40 years.
Now, it looks like Summers was right.
Never one to take responsibility, the president has also blamed another person for his economic woes - Russian President Vladimir Putin.
After Russia invaded Ukraine, the Biden administration shifted the blame for the rising costs of goods on the "Putin Price Hike."
In June, Biden claimed, "I understand inflation is a real challenge to American families.
"Today's inflation report confirms what Americans already know," he continued. "Putin's price hike is hitting America hard."
Again, Biden must have been hoping Americans did not notice the inflation prior to February 24, 2022 - the day the Ukrainian war started.
If you ask the president, the economy is "strong as hell." He said that while munching on an ice cream cone, completely oblivious to the world around him.
White House economic adviser Cecilia Rouse, however, says that the economy is going to slow down - presumably code for 'we are about to enter a recession as predicted by many economic experts.'
"We are starting to see signs that our red-hot economy is starting to cool," Rouse said on Sunday.
It is not hard to see that Biden will fault the GOP for that "cooling" if and when Republicans take back at least the House during this year's midterm election.
Worse, he thinks you are an idiot and will fall for his blame game.
The views expressed in this piece are the author's own and do not necessarily represent those of The Daily Wire.
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