{"id":366093,"date":"2021-11-12T04:54:46","date_gmt":"2021-11-12T01:54:46","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/biden-faces-inflation-fiasco-but-wont-admit-he-caused-it\/"},"modified":"2021-11-12T04:54:46","modified_gmt":"2021-11-12T01:54:46","slug":"biden-faces-inflation-fiasco-but-wont-admit-he-caused-it","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/biden-faces-inflation-fiasco-but-wont-admit-he-caused-it\/","title":{"rendered":"#Biden faces inflation fiasco \u2014 but won&#8217;t admit he caused it"},"content":{"rendered":"<p>&#8220;<strong>#Biden faces inflation fiasco \u2014 but won&#8217;t admit he caused it<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>It\u2019s quite a spectacle watching people who credit Democrats with every job created and every percentage point gained in economic growth suddenly arguing that the White House is completely powerless in the face of our current economic predicament.<\/p>\n<p>Presidents <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly get far too much credit and\/or blame for our fortunes, but they can certainly exacerbate existing problems. And our political class has surely aggravated them with unbridled spending and support for policies that disincentivize work and inhibit energy production.<\/p>\n<p>Wholesale prices rose 8.6 percent from a year ago in October, another record annual gain and the biggest spike in more than a decade. Inflation hit 6.2 percent, the highest rate of annualized inflation since the 1990s. Whereas once voters were promised \u201ctransitory\u201d inflation, today, economists warn that we\u2019ll be in this for a while.<\/p>\n<p>\u201cReversing this trend is a top priority for me,\u201d President Joe Biden said Nov. 10, after his team spent months dismissing inflation as a \u201chigh-class\u201d and short-term predicament: There\u2019s \u201cnobody suggesting there\u2019s unchecked inflation on the way \u2014 no serious economist,\u201d the president himself said in July.<\/p>\n<p>Biden\u2019s National Economic Council Deputy Director Brian Deese had argued that inflation was actually a good thing, and the entire administration had pushed the notion that the best pre<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">script<\/a>ion to alleviate inflation was more big progressive spending \u2014 part of a broader trend of Democrats saying utterly absurd things about the economy.<\/p>\n<p>Democrats have seriously underestimated the frustration that voters, unable to get the things they desire nearly instantaneously, are going to feel, as White House spokeswoman Jen Psaki cracks jokes about supply-chain problems, \u201cthe tragedy of the treadmill that\u2019s delayed.\u201d What about rising prices? <\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/Supplychain.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Trucks line up to enter a Port of Oakland shipping terminal on Wednesday, Nov. 10, 2021, in Oakland, Calif.\" class=\"wp-image-20120039\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/Supplychain.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/Supplychain.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/Supplychain.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>President Joe Biden has no solution to the nation\u2019s lingering supply chain issues, but sure has no problem with spending trillions in welfare programs.<\/figcaption><figcaption><span class=\"credit\">AP Photo\/Noah Berger<\/span><\/figcaption><\/figure>\n<p>Last week, liberal punditry spent a day mocking a Texas mother of nine who groused about climbing milk prices on CNN. I\u2019m not sure if Krista Stotler had all her stats entirely correct, but I suspect most voters don\u2019t really care to pinpoint price points. Inflation is something they feel. <\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>Inflation is the most consequential subject in politics right now, more important than even the education issue that helped sink Democrats in Virginia. It\u2019s hard to spin your way out of a wealth-destroying tax. There\u2019s no one to accuse of racism. No Donald Trump to blame. If we account for inflation, real average hourly earnings, for instance, have decreased over the past year. And all Democrats want to do is spend more money \u2014 lots of it.<\/p>\n<p>Last week, Democrats, with an assist from some Republicans, approved another $1 trillion-plus infrastructure bill, even as they push through an unprecedented multitrillion-dollar reconciliation bill. All this comes after $6 trillion of deficit spending during the pandemic, which many Democrats argued wasn\u2019t even enough.<\/p>\n<p>Meanwhile, a third of recent inflation increases has been propelled by energy prices, which have spiked 6.7 percent. Biden defenders such as Paul Krugman, who have no compunction blaming Republican governors for seasonal variances in the spread of viruses, contend that the president has no control over gas prices. Well, the first thing Biden did was freeze new oil and gas leases and shut down future pipelines. He now begs OPEC to increase production and help lower worldwide gas prices, but his domestic political goals and actions run contrary to this position. Virtually every \u201cgreen\u201d plan in existence will intentionally, through mandates or bans or taxes or contrived \u201cmarkets,\u201d make fossil fuels more expensive or reduce use. Expensive gas is their goal. So how can Democrats credibly maintain they have a plan to stop rising prices? <\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/Gasprices.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"A sign displays the price of a gallon of gasoline at a gas station in the borough of Staten Island in New York, New York, USA, 10 November 2021. \" class=\"wp-image-20120060\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/Gasprices.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/Gasprices.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/Gasprices.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>President Joe Biden is forcing Americans to pay steep gas prices after canceling pipeline projects such as the Keystone XL pipeline.<\/figcaption><figcaption><span class=\"credit\">EPA\/JUSTIN LANE<\/span><\/figcaption><\/figure>\n<p>On top of all that, Democrats continue to push for a major expansion in the welfare state during a tight labor market. It is reminiscent of their insistence that unemployment insurance be expanded even after the pandemic had ebbed. Biden\u2019s spending plan includes programs that disincentivize work. Typically, Democrats institute massive \u201csafety net\u201d programs during times of recession, not growth. There are more jobs than job seekers in the country. <\/p>\n<p>It\u2019s true that governments caused much of the demand shock we are experiencing, needlessly shutting down entire economies during the pandemic. Yet Democrats have allowed their strident ideological wing to take over the party, aggravating these underlying trends. Why Sens. Joe Manchin and Kyrsten Sinema (or Biden, once considered a moderate himself) would follow progressives into this quagmire defies logic \u2014 not only economic but political logic.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2021\/11\/11\/biden-faces-inflation-fiasco-but-wont-admit-he-caused-it\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Biden faces inflation fiasco \u2014 but won&#8217;t admit he caused it&#8221; It\u2019s quite a spectacle watching people who credit Democrats with every job created and every percentage point gained in economic growth suddenly arguing that the White House is completely powerless in the face of our current economic predicament. Presidents generally get far too much&#8230;<\/p>\n","protected":false},"author":1,"featured_media":366094,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/newspress-collage-20118932-1636681385688.png?w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[118783,10701,5069,70752,100568,70865,70551,991,82246,70840],"class_list":["post-366093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-11-11-21","tag-democrats","tag-economy","tag-energy","tag-gas-prices","tag-government-spending","tag-inflation","tag-joe-biden","tag-opec","tag-unemployment-benefits"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/366093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=366093"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/366093\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/366094"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=366093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=366093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=366093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}