Much has been written, in an attempt to deflect responsibility for continuing/growing inflation and now recession from President Biden’s administration and Congress. His overly compliant Democratic-controlled Congress rubber-stamped all his multitrillion-dollar budgets/giveaway programs. Republicans were only marginally helpful in reducing those “way-more-than-necessary” numbers.
The media aroused public frenzy with smokescreen issues (from which Biden attempts to gain popularity by promoting things he knows are illegal or unconstitutional or that he won’t or can’t do: abortion, gun laws, meaningful Ukraine assistance, etc.) to take attention away from our having to pay up to 15 percent more for food and basics. The June national inflation index is 9.1 percent and rising, more than negating minimum-wage hikes and cost-of-living adjustments.
Regarding oil: On Biden’s first day in office he stopped the Keystone pipeline and then suspended drilling leases. Said he wanted us to become independent from oil by 2030, regardless of how painful. On Jan. 20, 2021, gas was $2.379. On Jan. 20, 2022, gas was $3.306. Ukraine was invaded on Feb. 24. Today, gas is around $4. Are people aware that, while Biden released oil from our Strategic Reserves, we’re simultaneously exporting oil to multiple countries, including China?
Regarding the Inflation Reduction Act: It’s more of the same pork-barrel spending that got us into this. Slight drops, like gasoline, are designed to coincide with midterm elections, then more severe downturns, plus increased taxes.
Regarding midterm elections: Democrats, who supported Biden’s uncontrolled spending programs, are now blatantly attempting to reverse or distance themselves from their records, claiming they’ve “seen the light.” Don’t believe it. It only gets worse.
Vote for the economy!
Bruce Young
York
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