Last month’s inflation report came in at 7.9%, but today’s inflation report is allegedly going to be a massive 8.4%. Biden will blame the jump on Vladimir Putin. But, people aren’t stupid. They know inflation has been increasing every month of the Biden administration due to runaway spending and slicing our energy development. That weakens the dollar and causes inflation to rise.
Biden says he can fix our energy problem with renewables, but there are so many problems with that. First of all, power grids would all need upgrades and many people don’t realize that you can’t just build a plant for renewable energy, but you need a backup, usually gas that remains on and can generate electricity within just a couple of minutes.
Plus the volume of electricity needed cannot be generated by the wind and solar infrastructure we have now. That will lead to blackouts, especially when there is no sun or wind.
Analysts anticipate the forthcoming numbers for March to show 8.4% inflation over the last year, compared to 7.9% for the year ending in February. In historical terms, that would be the highest overall inflation rate since December 1981.
Gas prices are the most significant contributor to inflation, increasing by 20 percent since February. Biden has been desperately trying to pin the blame for high gas prices on Putin, dubbing rising prices as the “Putin Price Hike” and falsely claiming “inflation is largely the fault of Putin.” But polls have shown that American recognize that Biden and his policies are primarily to blame.
Biden’s rhetoric on inflation has shifted over the past few months. In January, before the Russian invasion of Ukraine, Fox News White House correspondent Peter Doocy asked Biden if “inflation is a political liability in the midterms.” Biden responded by claiming that inflation was a good thing, telling Doocy, “It’s a great asset — more inflation,” before muttering under his breath, “What a stupid son of a b*tch.”
Biden claims he has a plan to lower inflation:
“One way to fight inflation is to drive down wages and make Americans poorer. I have a better plan to fight inflation: lower your costs, not your wages.”
That’s his plan? And how does he propose to do that? Price controls? Farmers are now paying through the nose for fertilizer. Cut the prices they charge and they will just lay everyone off and sit on their hands rather than take a loss. That will cause a food shortage and send inflation through the roof.