Biden's explanation for inflation grows more absurd
At first, President Joe Biden tried to play off rising inflation as something merely transitory. But the inflation kept rising until it wasn't transitory anymore, so he needed a better excuse. Biden then tried to scapegoat the meat industry for raising prices arbitrarily. Remember that? Nobody believed it. But when President Vladimir Putin invaded Ukraine, that gave Biden an off-ramp from such an implausible explanation, so he chose to blame Russia. The problem this time was that inflation had been running wild for so many months before Russia invaded Ukraine in late February.
Now, judging by his speech on May 10, Biden has a new plan: Mumble the newly coined phrase "ultra-MAGA" at every appearance for the next six months, over and over again, until someone leads him to the nearest comfy chair.
In a Tuesday speech, which was designed to preempt whatever new and horrible inflation number comes out in Wednesday's report, Biden fumbled about for someone new to blame. He first repeated a debunked conspiracy theory about oil companies irrationally sitting on thousands of drilling permits. He then revealed his big plan for dealing with inflation: Ask companies not to raise prices.
He then turned to the all-purpose villain as his new inflation scapegoat: Republicans, of course!
Biden launched into a straw man version of various Republican proposals, many of which have nothing to do with inflation at all. In the process, he confused two different Republican senators for each other (in fairness, Rick Scott and Ron Johnson both have white hair, so he might think they are the same person). When asked specifically whether his own policies might have caused the problem, Biden played dumb and said his policies were helping, not hurting. He even tried to take credit for reducing the deficit, which has fallen — but only because he hasn't signed yet another multitrillion-dollar COVID giveaway this year as he did last year, not that he didn't try.
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One thing is unlikely with Biden--taking responsibility. He keeps looking for someone else to blame for the problems he caused.
See, also:
Inflation Pressures Remain Strong; Consumer Prices Rise Sharply
- Inflation slowed last month, with an 8.3 percent annual increase in the Consumer Price Index, but a monthly price measure continued to climb briskly.
- It was a slight deceleration from March’s 8.5 percent pace, but inflation is still running at about the fastest rate in four decades. Follow updates.
And:
Joe Biden Blames Everything but Himself for Inflation in Speech Offering No New Solutions
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