{"id":460950,"date":"2022-06-11T04:38:28","date_gmt":"2022-06-11T01:38:28","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/president-biden-in-denial-amid-inflation-crisis\/"},"modified":"2022-06-11T04:38:28","modified_gmt":"2022-06-11T01:38:28","slug":"president-biden-in-denial-amid-inflation-crisis","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/president-biden-in-denial-amid-inflation-crisis\/","title":{"rendered":"#President Biden in denial amid inflation crisis"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 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-6a3b39b86a429\" 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-6a3b39b86a429\" 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\/president-biden-in-denial-amid-inflation-crisis\/#%E2%80%9CPresident_Biden_in_denial_amid_inflation_crisis%E2%80%9D\" >&#8220;President Biden in denial amid inflation crisis&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CPresident_Biden_in_denial_amid_inflation_crisis%E2%80%9D\"><\/span>&#8220;President Biden in denial amid inflation crisis&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>\u2018We\u2019ve never seen anything like Putin\u2019s tax on both food and gas,\u201d President Biden blathered yesterday after another disastrous report on soaring inflation. But almost nobody outside the Beltway believes that Putin is to blame for the ravaging of American consumers. The inflation rate has increased sixfold since Biden took office and it was soaring before Russia invaded Ukraine.<\/p>\n<p>Federal data released yesterday obliterated Team Biden\u2019s talking points about \u201ctransitory\u201d or declining inflation. Inflation is now officially at a pace of 8.6% per year \u2014 the highest rate in more than 40 years. The price of food is up more than 10% over the past year and the price of gasoline is through the roof.<\/p>\n<p>Bidenflation has slashed the average worker\u2019s pay by 3% in the past year and much worse hits could be coming. Rep. Lance Gooden (R-Texas) noted, \u201cJoe Biden promised $2,000 stimulus checks but gave Americans $5,000 per year inflation instead.\u201d<\/p>\n<p>In a speech Friday, Biden boasted that the economic recovery \u201cis strong as can be but for inflation, but for gas and food.\u201d Oh, only those things? Besides that, how\u2019d you like the play, Mrs. Lincoln?<\/p>\n<p>Consumer sentiment on the economy collapsed in May to the lowest levels on record, a much sharper fall than experts forecast. On top of soaring prices, consumers are getting hammered by shortages of everything from infant formula to tampons (and it\u2019s not really co<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>n Amy Schumer\u2019s fault).<\/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\/06\/inflation-2.jpg?w=1024\" alt=\"Gas prices on a marquee of a Chevron gas station. \" class=\"wp-image-22619732\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/inflation-2.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/inflation-2.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/inflation-2.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Gas prices have risen to over $9 in some parts of Los Angeles, with parts of the country not too far behind. <\/figcaption><figcaption><span class=\"credit\">JOHN G. MABANGLO\/EPA<\/span><\/figcaption><\/figure>\n<p>Is the economic meltdown here? The Dow Jones average fell almost 900 points on Friday. Bank of America\u2019s Michael Hartnett announced, \u201cWe\u2019re in technical recession but just don\u2019t realize it.\u201d<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>Luckily, Joe Biden is doing great \u2014 at least according to himself. Biden told Californians that because his infrastructure bill had a provision that might eventually lower the cost of Internet service in some markets, citizens are better off even though \u201cyou\u2019re paying an extra more than $30 a month for your gas, but that still increases the money out of pocket \u2014 decreases the amount you have to put out.\u201d<\/p>\n<p>The White House tran<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> did not include any annotations explaining Biden\u2019s logic or grammar. Most consumers would feel like they won the lottery if their gasoline bill had only jumped $30.<\/p>\n<p>Biden concluded his speech yesterday by proclaiming: \u201cI am so sick and tired of trickle-down economics. It does not work.\u201d Democrats coined that phrase to denigrate Ronald Reagan-era policies that slashed inflation and renewed prosperity. Reagan became beloved in part because he ended the 1970s stagflation that seemed like the death of the American Dream.<\/p>\n<p>In contrast, Biden is still pushing for trillions of dollars of new \u201cBuild Back Better\u201d spending programs, including an array of handouts to vastly increase the number of government dependents. Guess what? It. Does. Not. Work. Biden will not be able to fix inflation this way or improve his poll numbers. But other than that, it\u2019s going great!\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\/2022\/06\/10\/president-biden-in-denial-amid-inflation-crisis\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;President Biden in denial amid inflation crisis&#8221; \u2018We\u2019ve never seen anything like Putin\u2019s tax on both food and gas,\u201d President Biden blathered yesterday after another disastrous report on soaring inflation. But almost nobody outside the Beltway believes that Putin is to blame for the ravaging of American consumers. The inflation rate has increased sixfold since&#8230;<\/p>\n","protected":false},"author":1,"featured_media":460951,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/inflation-biden.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[130176,100568,70551,991,73234],"class_list":["post-460950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-6-10-22","tag-gas-prices","tag-inflation","tag-joe-biden","tag-vladimir-putin"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/460950","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=460950"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/460950\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/460951"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=460950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=460950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=460950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}