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November 11, 2021

Biden claims inflation 'a top priority'

By Monica Showalter

Joe Biden was out and about on Twitter yesterday, commenting on inflation:

That would be in response to the 6.2% inflation spike reported Friday, in its biggest jump since 1990, showing inflation shot through the system.

Here's what most voters know:

So, on the one hand, the Biden administration and its media cheerleaders have been saying that inflation is temporary, transitory, consumers' "fault," a good thing and, in any case, not that high at all — hot dog prices, after all, supposedly fell 16 cents last July — while on the other hand, Biden's now saying inflation is "a top priority."

Sounds like someone's behind the curve, and on the matter of inflation, you don't ever want to be behind the curve.  See: Argentina.

On the other, does anyone seriously think Joe Biden has the answer?  On inflation, does anyone think Joe knows what he's doing?  All we have to do now is leave it to Joe?

Joe's the one with the spokeswoman who stated just the other day she couldn't think of anything Joe was doing to lower gas prices:

Biden's only stated solution to runaway inflation is his federal "build back better" multi-trillion-dollar spendathon.

That's the lunacy where the Fed will have to print money to enable Joe to have his expensive government programs, and after it's used for that purpose, that cash will then float around in the system having too few goods to chase, meaning higher prices.

In an economy with this printout:

Inflation, as most voters know, is "always and everywhere a monetary phenomenon," as Milton Friedman noted, and as a matter of fact, yes, he is "running the show" contrary to what Joe claims.  Stephen Green at PJMedia had some choice words on that:

Of all the stupid, petty, bigoted things Presidentish Biden ever sputtered, none bothers me so much as "Milton Friedman isn't running the show anymore."

In April of last year, when Biden's $5 trillion "Build Back Better" scheme was first percolating in dark, shriveled mass that was once his frontal lobe, the then-candidate told POLITICO he wanted "a new stimulus 'a hell of a lot bigger' than $2 trillion."

"Milton Friedman isn't running the show anymore," a reportedly "fiery" Biden told POLITICO's Michael Grunwald.

It wasn't Biden's first run-in with the libertarian-leaning, Nobel Prize-winning economist:

"When did Milton Friedman die and become king?" Biden asked in 2019. The truth is that Friedman, who died in 2006, has held little sway over either Democrats or Republicans for almost two decades. But Biden wants to mark the definitive end of Friedman and the "neoliberal" economics he espoused by unleashing a tsunami of dollars into the global economy and inundating Americans with new entitlements.

So now we're supposed to think the man who went out of his way to honor his hero, Jimmy Carter, with a visit has Jimmy's answer to inflation through more government spending.  Even Jimmy changed course late in the game, but Joe still hasn't gotten the memo.

It's grotesque.  He can't gaslight his way out of this one.  Inflation is real — it not only erases the hard-earned wage gains of workers seen during the Trump era, it affects everything they spend, every day in ordinary life, and there's no relief in sight:

Joe says just let him spend his way out of it.  Color us skeptical.

Image: Twitter screen shot.

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