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Showing posts with the label Inflation

Inflation stays until Biden and the Democrats go

We won't put inflation behind us as long as Joe Biden is President and Democrats control one or both Houses of Congress.  There was going to be some level of inflation after the shutdowns of 2020, but the policies adopted by the Biden Administration and the spending bills passed by the Democrat Congress have elevated inflation to levels they have not been at in many years.  As long as Joe Biden is in the White House or Democrats control one House of Congress they will be able to prevent undoing the policies that have put us where we are. Starting on day one, the Biden Administration began adopting policies that fueled the growth of inflation.  Despite it being obvious for months that inflation was running hotter than expected the Biden Administration was in denial, saying inflation was transitory.   Supply chain issues were initially caused by other factors but the Biden Administration has talked about addressing this but none of their policies have been success...

Do Democrat insiders really care about the poor?

If Democrat insiders - examples: Hillary Clinton, her campaign, Democrats who want her to win, President Obama and his supporters, and the Liberal media types who support them - really cared about the poor wouldn't they be talking about all the people out of work who have fallen off the Unemployment rolls?  Wouldn't they be saying the unemployment problem is much worse than the unemployment rate reported by the Government?  Wouldn't they be mentioning the fact that the employment levels in the US are lower than they have been in quite some time? If they really cared about the poor, wouldn't they be concerned about the number of people who are employed but who are holding lower paying jobs or who have to take a second job to make ends meet?  You might say arguing for a $15 minimum wage is an attempt to address that problem and that has a modicum of legitimacy.  My counter argument is two-fold.  First I'd rather they were proposing ideas to create better pa...

The Fallout of Overspending Begins

The common result of a government spending more money than it earns is devaluation of its currency. The US government's deficit increased during the Bush Administration. The Democrats and the Obama Admiminstration lifted that deficit to an enormous new level. A common effect of currency devaluation is inflation. In a bad economy, that is going to be a real problem - just ask people who lived through the Jimmy Carter Administration. First of all, let's spread this blame in a non-partisan fashion. Republicans during the Bush Adminstration years controlled Congress and the White House and they showed no fiscal discipline. The Bush Administration capped this by spending a ton of money in 2008 to try to prevent or curtail the recession - first having a stimulus tax cut at the beginning of the year and then approving the TARP bailout funds - easily a trillion dollars spent last year to prevent the recession. Now, we have the Obama Administration spending another trillion dollars for ...