The violence of Biden's inflation
...
Still, mention of “fuel” reminds me of the Biden administration’s war on energy.
About the first thing Biden did on coming to office was kill the Keystone pipeline.
That cost tens of thousands of jobs and overnight assured that America would go from being energy independent to begging OPEC to pump more oil.
It also assured that Americans would being paying a lot more to run their cars and heat (or cool) their houses.
And let’s not forget Suale Omarova, the Russian-born Communist-sympathizing academic whom Joe Biden nominated to be head of the Office of the Comptroller of the Currency.
Among much else, Omarova was looking forward to bankrupting major swaths of the oil, coal, and gas industries in order to “tackle climate change.”
Reality crept in, just a little bit, to Omarova’s confirmation hearings, so she had to withdraw her nomination.
But the fact that Biden could even think of nominating someone like her—someone, that is to say, who is both ostentatiously anti-prosperity and anti-American—tells us all we need to know about his priorities.
No, when it comes to inflation, most people agree with Ronald Reagan, not Jen Psaki.
“Inflation,” Reagan said, “is as violent as a mugger, as frightening as an armed robber, and as deadly as a hitman.”
Exactly right.
Inflation not only hurts us now. It is also theft from the future, from our children and grandchildren (and also our retirement).
There is a class of politicians that doesn’t care about this.
Rather, they do care. But they regard the impoverishing action of inflation as a feature, not a bug.
The poorer people are, the more dependent they are upon the government.
And since that class of politicians believes they are the government (much as Anthony Fauci believes that he incarnates “science”) greater dependency means greater job security for them.
Their agenda is a dependency agenda.
...
The price of fuel has certainly fueled inflation. Biden has increased the price of just getting food and other goods to market. He has increased the cost of producing food at farms and ranches. It has contributed to the supply chain problems for which Biden has no answer and has appointed no commission to deal with the problem. I suspect that is because he energy polices would be high on the list of reasons for the supply chain problems.
Perhaps this is why the administration is making the unrealistic argument that inflation is a good thing.
See, also:
U.S. Tied For Highest Inflation Of All The World’s Developed Nations: IMF
And:
Supply-Chain Crisis Isn’t Going Away
Comments
Post a Comment