Peter Navarro explains Biden's inflation problem

 Newsmax:

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Biden "is the stagflation grinch that is stealing Christmas," and delivering "one lie after another lie and the American public's not buying" the Biden messaging on the economy, Navarro added.

"The misery index already has hit 20%: That's Joe Biden's America; that's the 1970s," Navarro said, pointing to a sign behind him during his appearance that read "high food prices eat up our wages.

"Guess what: wages are continuing to creep up a little bit in what we call nominal terms, but when you adjust them for inflation real wages are going down.

"So people understand this. I mean, the polls indicate that nobody's happy with the direction of the economy. And by the way, it wasn't just Thanksgiving that costs a lot more. It's going to be Christmas as well, with a lot fewer toys under the trees."

Navarro, who wrote "In Trump Time: My Journal of America's Plague Year," also blasted the Biden administration for promising to "shut down the virus" but failing to deliver.

"There's a great desperation in the Democrat air," he continued. "I mean, they know that the 100-year flood is going to come in 2022. It's going to be 100 seats for 100 years for the Republicans.

"In terms of ruling, the Democrats have clicked completely discredited themselves. They know that it's coming. They're desperate now, and, oh, by the way, that pandemic which they blamed the president for and now they had ownership for a year, guess what? It's worse than ever and more people have died on their watch."
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Biden appears to have little comprehension of how he created inflation and those around him seem disinterested in doing anything to stop it.