{"id":453327,"date":"2022-05-26T23:50:41","date_gmt":"2022-05-26T20:50:41","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/team-biden-might-be-purposefully-crushing-the-middle-class\/"},"modified":"2022-05-26T23:50:41","modified_gmt":"2022-05-26T20:50:41","slug":"team-biden-might-be-purposefully-crushing-the-middle-class","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/team-biden-might-be-purposefully-crushing-the-middle-class\/","title":{"rendered":"#Team Biden might be purposefully crushing the middle class"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2583ae620d7\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2583ae620d7\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/team-biden-might-be-purposefully-crushing-the-middle-class\/#%E2%80%9CTeam_Biden_might_be_purposefully_crushing_the_middle_class%E2%80%9D\" >&#8220;Team Biden might be purposefully crushing the middle class&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CTeam_Biden_might_be_purposefully_crushing_the_middle_class%E2%80%9D\"><\/span>&#8220;Team Biden might be purposefully crushing the middle class&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Vladimir Lenin supposedly once said, \u201cThe way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.\u201d<\/p>\n<p>There\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.azcentral.com\/story\/claythompson\/2014\/10\/13\/lenin-ronald-reagan-quotes\/17226727\/\">some doubt<\/a> as to whether this line is genuine; regardless, it seems like a pretty good de<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 of what the Biden administration is doing to America\u2019s middle class.\u00a0<\/p>\n<p>Inflation is running rampant.\u00a0The Producer Price Index, the most useful measure of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> inflation, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bls.gov\/opub\/ted\/2022\/producer-prices-for-goods-up-16-3-percent-over-the-year-ended-april-2022.htm\">is up<\/a> a whopping 16.3% from April 2021, per the Bureau of Labor Statistics.<\/p>\n<p>That means that roughly $1 out of every $6 that people earn has been lost to inflation in a single year.\u00a0Or to put it another way, 80 minutes\u2019 earnings out of every eight-hour day have been eaten up.<\/p>\n<p>This is predictable, of course. Team Biden took an already-bloated federal budget and supersized it with spending last year, printing money hand-over-fist to fund a massive array of pork-filled programs, many if not most of which guided billions of dollars into the pockets of Democratic Party supporters.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/gas-prices.jpg?w=1024\" alt=\"Gas prices\" class=\"wp-image-22427737\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/gas-prices.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/gas-prices.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/gas-prices.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Americans are experiencing sky-high gas prices. <\/figcaption><figcaption><span class=\"credit\">AFP via Getty Images<\/span><\/figcaption><\/figure>\n<p>President Joe Biden dismissed inflation worries at the time, saying that Milton Friedman \u2014 the famed inflation-fighting economist \u2014 no longer runs the show. Well, the late economist certainly didn\u2019t run Biden\u2019s show, but his observation that inflation is always and everywhere a monetary phenomenon was borne out in spades as prices took off.<\/p>\n<p>And it was a double whammy. Inflation comes when you have too much money chasing too few goods.\u00a0The spending part provided the excess money, but the Biden team was right there helping to ensure fewer goods, too.<\/p>\n<p>Gas prices going up?\u00a0Not only was Biden\u2019s spending program stimulating inflation, but at the same time Biden policies were reducing the amount of gasoline, diesel and heating oil those dollars could buy. Biden went wild canceling pipelines, ending gas and oil leases, imposing stricter environmental rules and \u2014 in cooperation with big institutional investors \u2014 choking off the finances of people trying to produce new fuel supplies.<\/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\/2022\/05\/elon-musk-7.jpg?w=1024\" alt=\"Elon Musk\" class=\"wp-image-22427759\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/elon-musk-7.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/elon-musk-7.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/elon-musk-7.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Tesla CEO Elon Musk has criticized President Joe Biden\u2019s approach to fossil fuels. <\/figcaption><figcaption><span class=\"credit\">Getty Images for The Met Museum\/Vogue<\/span><\/figcaption><\/figure>\n<p>As Sen. Dan Sullivan (R-Alaska) observed, \u201cThere has been a comprehensive hostility to the energy sector by this administration.\u201d And how.<\/p>\n<p>Even electric-car king Elon Musk has been mocking the Biden administration\u2019s fixation on ending fossil fuels. The realities of physics and the marketplace mean that replacing gasoline vehicles with electric cars isn\u2019t going to happen soon, no matter how big a squeeze Team Biden puts on Americans.<\/p>\n<p>And what a squeeze it is. Even in Knoxville, where gas prices tend to be lower, I\u2019ve paid more than $5 a gallon for gas. In other parts of the country, it\u2019s selling for more than $7. Diesel \u2014 needed to move goods whose prices are already going up because of inflation \u2014 is even more expensive, adding costs to everything in what\u2019s left of our supply-chain network. And there\u2019s no relief in sight.<\/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\/2022\/05\/baby-formula-10.jpg?w=1024\" alt=\"Baby formula\" class=\"wp-image-22427775\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/baby-formula-10.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/baby-formula-10.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/baby-formula-10.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>American mothers are facing a baby formula shortage. <\/figcaption><figcaption><span class=\"credit\">AFP via Getty Images<\/span><\/figcaption><\/figure>\n<p>Natasha Kaneva, a J.P. Morgan researcher, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.dailywire.com\/news\/nationwide-gas-prices-expected-could-hit-staggering-new-high-by-august-top-u-s-bank-analyst-says\">predicts<\/a> a \u201ccruel summer\u201d with gas prices averaging more than $6 a gallon by August. Team Biden likes this, because it will encourage people to drive less and to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/pjmedia.com\/columns\/stephen-kruiser\/2022\/03\/08\/the-morning-briefing-tone-deaf-team-biden-responds-to-high-gas-prices-with-electric-car-sales-pitch-n1564558\">buy electric cars<\/a>.<\/p>\n<p>More expensive oil, coupled with the Ukraine war, also means more expensive fertilizer and thus more expensive food.\u00a0Biden official Samantha Power thinks this is useful because it will encourage farmers to move from artificial fertilizers to things like compost and manure, which she calls \u201ctransitions that would have been in the interest of farmers to make eventually anyway.\u201d<\/p>\n<aside class=\"single__inline-module alignleft\">\n    <\/aside>\n<p>Someone needs to tell Power that Sri Lanka tried to \u201ctransition\u201d to organic fertilizers and wrecked its economy, leaving its people hungry. Is that what she has in mind for Americans?<\/p>\n<p>Then there\u2019s the baby-formula shortage, which is not the result of a natural disaster or war but an overreaching Food and Drug Administration order that shut down a huge swath of domestic production (which FDA and other federal policies had already limited to a handful of big players), with little or no thought to the consequences.\u00a0Now the Biden team, in a sort of reverse Berlin Airlift, is flying in pallets of formula from Europe, which may look good on TV but does little to address the problem.<\/p>\n<p>So does the Biden administration actually <em>want<\/em> to see middle-class Americans reduced to poverty and privation? Or is it just too stupid to foresee the obvious consequences of its own action?\u00a0At this point, I\u2019m not even sure which is worse.<\/p>\n<p>But with the midterms coming, no amount of talk about gun control, abortion or other Democratic hot-button issues is going to distract Americans from what\u2019s happening to their pocketbooks.\u00a0Good.<\/p>\n<p><em>Glenn Harlan Reynolds is a professor of law at the University of Tennessee and founder of the InstaPundit.com blog.<\/em>\n                        <\/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\/2022\/05\/26\/team-biden-might-be-purposefully-crushing-the-middle-class\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Team Biden might be purposefully crushing the middle class&#8221; Vladimir Lenin supposedly once said, \u201cThe way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.\u201d There\u2019s some doubt as to whether this line is genuine; regardless, it seems like a pretty good description of what the Biden administration is&#8230;<\/p>\n","protected":false},"author":1,"featured_media":453328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/newspress-collage-22423718-1653597076057.jpg?quality=75&strip=all&1653582730&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[129646,5069,100568,70551,991,108559,89368],"class_list":["post-453327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-5-26-22","tag-economy","tag-gas-prices","tag-inflation","tag-joe-biden","tag-middle-class","tag-samantha-power"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/453327","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=453327"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/453327\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/453328"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=453327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=453327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=453327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}