Posts Tagged ‘bidenflation’

Democrats’ inflation attacks ordinary Americans as Washington insiders are unaffected

Posted: October 16, 2022 by John Ruberry in business, economy, elections, News/opinion, opinion/news, politics, trade
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By John Ruberry

Every time Americans shop at a supermarket, they are reminded of a de facto tax on their spending power–inflation. The classic definition of inflation is too many dollars chasing too few goods, which, President Joe Biden and his apologists, jumped on last year when they deemed inflation as “transitory,” pointing at the supply-chain crisis and the backlog of freighters at America’s major seaports. Left out of Biden and Company’s explanation was his $1.9 trillion stimulus package, which the president signed into law in early 2021, when the economy was clearly already recovering from the COVID lockdown.

But the supply-chain crisis was in fact a couple-months long hiccup. After all, if the supply-chain crisis was such a concern, why did we only find out after the media began asking questions on the whereabouts of the person in charge of our ports, secretary of Transportation Pete Buttigieg? Only then was it revealed that Buttigieg was on paternity leave. 

The semiconductor chip shortage has driven up the price of new automobiles. The lack of chips is tied to the worldwide COVID lockdown. I’ll discuss cars in a bit. 

Over the past 12 months, according to the September figures from the Bureau of Labor Statistics, inflation soared, again, to a level not seen in four decades, at a rate of 8.2 percent. Despite what appears to be, for real, a transitory drop in gasoline prices. But fuel prices are dramatically higher than when Donald Trump was president because of the Biden administration’s anti-fossil fuel polices. Food and housing prices are way up. Agriculture is a major user of energy, and many fertilizers are derived from fossil fuels. And those increasingly expensive loaves of bread you see on the shelves of your local supermarket don’t arrive there by way of osmosis, nor by electric trucks.

But don’t worry, Biden recently signed the Inflation Reduction Act into law. Insert The Simpsons’ Nelson Muntz “haw-haw” here.

The new car shortage has led to a used car shortage. All vehicles are more expensive. To fight inflation, the Federal Reserve, continues to hike its key interest rate, which drives up all lending. Most people don’t pay cash for cars, they finance. 

Then there is housing. Maria Bartiromo, on Fox and Friends this morning, laid the truth on the line when she said, “People who are going to buy a home are realizing that their mortgage payment now going to be going to be hundreds and hundreds of dollars more than they thought every month.”

Okay, no big deal, you might say, “I can always rent a place to live.” But rents are up too.

Now, if you are a Beltway insider, then you need not worry. Washington is recession proof. And the capital’s response, particularly when Democrats are in charge, is always more government. If you are a DC insider, you are well paid. You’re not sweating about food prices going up and you can afford an electric vehicle and the expense of installing a car charger in your garage.

The only known cure for high inflation is a recession. Despite Democrats’ creative denials, we are in one already.

Expect our economy to get even worse.  

But to paraphrase Ronald Reagan, “Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Joe Biden loses his.”

John Ruberry regularly blogs at Marathon Pundit.

When the Biden White House calls on “experts” to support its agenda, watch your wallet

Posted: August 7, 2022 by John Ruberry in business, economy, media, News/opinion, opinion/news
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By John Ruberry

Outside of sheer incompetence, a theme has emerged from the Joe Biden administration. When they need help, the White House calls on people they deem to be experts. 

Here’s a dirty secret of politics, or if your prefer, of advancing a preferred narrative. Anyone can find an “expert,” more on them in a bit, to support any opinion. It works in journalism too, the media wing of the Democrat Party.

When the discovery of the Hunter Biden laptop was revealed by the New York Post nearly two years ago–the mainstream media, social media, and of course the Biden campaign immediately moved to denounce it. The casus belli for journalists, Facebook, Twitter, and the like–Biden brought this up in a presidential debate–was that its emergence three weeks before Election Day in 2020 had “all the classic earmarks of a Russian information operation,” according to 51 former national security experts, led by James Clapper, a director of National Intelligence under Barack Obama. Every one of these “experts” either lied, signed on to something they knew little about, or just simply wanted to do whatever it took to prevent the reelection of Donald J. Trump. 

Eighteen months later, the New York Times admitted Hunter’s laptop, which provided voluminous evidence of his influence peddling centered on his being the son of a powerful politician, was authentic. The 51 experts can expect subpoenas from the House Judiciary Committee next year, assuming the Republicans take control of the House. Every one of these “experts” should have their security clearances permanently revoked.

Biden of course won the election. As a result of his policies, such as cancelling the construction of the Keystone XL pipeline, blocking new permits for drilling on federal land, gasoline prices soared and remain high. Although the economy was well into recovery mode two years ago, Biden signed into law the unfunded American Rescue Plan. Many experts at the time claimed it would not fuel inflation. They were wrong. Just as those national security “experts” were wrong on Hunter’s laptop. 

When inflation began its ascent, the White House cited 15 Nobel laureates in economics who said that Biden’s Build Back Better bill, enacted in late 2021, would not fuel inflation. They were wrong too. Inflation is now at levels not seen since the early 1980s. Last year Biden and other “experts” were saying inflation was “transitory.” Liberals reading this post will blame inflation on the War in Ukraine, you know, “Putin’s price hike.” Sure, the war likely has an effect on inflation, but the scourge was with us before Russia’s invasion Ukraine. 

Build Back Better was originally part of a much larger bill, the green energy stuff was split off and later discarded after Sen. Joe Manchin (D-WV) said he wouldn’t support it. Well, Build Back Better Part Two is back, laughably renamed the Inflation Reduction Act. And to bolster its support, the Biden White House has–are you ready?–called on experts, this time, four former Democratic Treasury secretaries and one Republican, who claim, among other things, that the Inflation Reduction Act will “fight inflation” One of those ex-Treasury secretaries is Larry Summers, who warned last year the Biden White House, “We’re taking very substantial risks on the inflation side.” 

A good journalist would track down Summers and ask him specifics on why this bill really will fight inflation.

Earlier I mentioned that journalists have a role in advancing political narratives. For example, at Forbes, Rhett Buttle offers a slobbering French kiss of propaganda, which is accompanied by this headline, “Experts Agree: The Inflation Reduction Act Accomplishes A Lot For Small Business And Working Families.” While late in the piece Buttle manages to write about the bill, “some who represent select corporate interests in Washington don’t completely agree” with the hype. But if Buttle was truly a journalist, he would have tracked down opponents of the Inflation Reduction Act and presented a balanced article.

Then again, real journalism is dead. Twenty years ago such a piece as the one written by Buttle would contain the sub-headline, “news analysis,” assuming a magazine like Forbes would even publish it. I took some journalism classes at the University of Illinois. If I turned in such an article for an assignment, a professor would have deservedly given me an “F,” enhanced by this underlined comment written in red ink, “This garbage reads like a press release.”

But Biden’s new batch of experts have spoken: The Inflation Reduction Act, which the Senate will vote on Sunday afternoon, will “fight inflation.”

Watch your wallet. Watch the cash in it lose its value.

Disclosure: This blog post should be classified as “news analysis.”

UPDATE 5:15pm EDT: The Democrats’ Inflation Reduction Act passed the Senate.

John Ruberry regularly blogs at Marathon Pundit.

America’s worst year since 1864

Posted: December 26, 2021 by John Ruberry in crime
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Blogger this year at the Chickamauga battlefield

By John Ruberry

With Christmas past us it’s time to look back at the current year, 2021. And with a less than a week left we can say that 2021 was America’s worst year since 1864.

Why was 1864 so bad? While there were significant military successes for the Northern armies fighting to keep the United States together–Atlanta and Savannah were captured and General Robert E. Lee’s Army of Northern Virginia was locked into siege warfare in Virginia–and a potential political victory of the Confederacy was averted by Abraham Lincoln’s reelection, Americans were still killing each other by the thousands. The following year was an improvement, despite Lincoln’s assassination. The Civil War ended in the spring of 1865 and the 13th Amendment, abolishing slavery, was ratified. 

As for 2021, it got off to a wretched start when hostiles, American ones, stormed the US Capitol in a riot. We have to go back to another horrible year for America, 1814, when the British Army seized the Capitol, for the only other time that happened. The hooligans who entered the Senate and House chambers on January 6 were not participating in an insurrection, despite claims made to this day by CNN and MSNBC. Sure, the rioters wanted to keep Donald J. Trump in power, but they had no plans for a coup, such as imprisoning Joe Biden, taking control of the military, and dissolving Congress.

Bad people? Yes. Nutty? That too. And sorry leftists, President Trump did not call for an insurrection.

And what about the people who were supposed to protect the Capitol, such as the Capitol Hill Police and the who they report to? You know, Congress, which is run by House Speaker Nancy Pelosi. They failed America.

In the fraught election of 2020, a feeble old man, Joe Biden, was elected president. “Lunch Bucket Joe from Scranton” was chosen as the Democratic nominee because he was viewed by many as the “safe” alternative to Trump, and not a radical like Bernie Sanders. Biden’s “good years,” assuming he ever had them, are well in the past. Biden, and the people who control him, such as Ron Klain or Susan Rice, went full-blown leftist on Inauguration Day. Economically, the result is the highest level of inflation in decades. These price increases, once dismissed by the Biden White House as “transitory,” will likely continue indefinitely, serving as a hidden tax for all Americans.

While not quite energy independent as Trump claimed, our nation was headed into that direction under his leadership. Shortly after his inauguration Biden suspended new drilling and fracking on federal lands. It has since been reversed in court, but the White House maintains a malevolent attitude towards the world’s most reliable form of energy, fossil fuels. Gasoline costs over $1 more per gallon since Biden became president. Biden also cancelled the construction of the Keystone XL pipeline, essentially firing thousands of union workers.

An effective commander-in-chief, such as Dwight D. Eisenhower, does his job so well it appears that he is doing nothing at all. While Trump certainly doesn’t have Ike’s soft touch, I’m of the belief that Trump would have seen the possibility of a supply chain crisis coming and would have taken steps to ensure we would not have seen the bottleneck of cargo ships outside America’s largest harbors. 

Meanwhile in the Biden administration the cabinet officer in charge of our supply chain, Transportation secretary Pete Buttigieg, went on an unannounced two-month paternity leave just as the shipping crisis began. Rather than resigning for failure or dereliction of duty, Buttigieg’s is being hawked by some Democrats as a possible 2024 Democratic presidential candidate should Biden choose not to run for reelection. While family is of course important, liberals often claim that public service is the highest calling. Buttigieg could have simply quit as Transporation secretary. Or not taken the job at all.

While not something that the federal government is directly in charge of, violent crime plagued America’s largest cities this year–and all of those cities are run by Democrats. A dozen cities endured record murder totals. Some jurisdictions, such as San Francisco, Philadelphia, Los Angeles County, Milwaukee County, and Cook County (Chicago), are burdened with woke prosecutors engaging in catch-and-release policies regarding criminals.

Biden was elected last November because more voters saw him as more capable to fight the COVID-19 epidemic than Trump. But wait, what’s this? There were more COVID deaths in the United States in 2021 than in 2020, despite the availability of vaccines. And lockdown and mask mandates are ramping up again with the new omicron variant, which so far has killed one American. That number will surely climb but I have a strong suspicion that omicron will not be killing 15,000 Americans a week as soon as next month, which is what the politicized CDC is predicting. 

In order to prove Trump wrong, Biden has proved him right in regard to enforcing the law at our southern border. In late October the Washington Post reported that a record 1.7 million people arrested while trying to cross that border. In addition to illegal aliens, it’s believed that large amounts of fentanyl have been smuggled across the border in 2021.

As Biden as Biden is, his vice president is even worse, the inept cackler, Kamala Harris.

I’ve saved the worst for last. America suffered a humiliating military defeat in Afghanistan. Biden vowed that our departure from Afghanistan would look nothing like our bugging-out from South Vietnam in 1975. He was right, it was worse. As with the border crisis, the Biden White House blamed Trump for the debacle. While Trump did enter an agreement to pull our troops out of Afghanistan this year, it was not a treaty. We could have back out. Trump says, and I believe him, that he never would have made our country look so feeble, yes, feeble like Biden physically and mentally is, if we had departed Afghanistan under his watch.

When the next international crisis comes, our allies will have understandable doubts about American resolve. 

John Ruberry regularly blogs at Marathon Pundit.