The majority of democrats are complete morons. All they care about is how they feel. Their vision. Nothing else. And then, reality gets in the way of their high ideas........
https://nypost.com/2021/12/10/labor-dept-reports-inflation-at-almost-7-percent-under-biden-admin/
Friday was arguably the worst day for Joe Biden’s presidency so far. And it could be the death knell for the Build Back Better bill’s lurch toward big-government socialism.
First, the Labor Department reported inflation is now running at just under 7 percent over the last year. Prices were rising at a 2 percent annual pace when Donald Trump left office in January and then 5 percent this summer and now this.
Notice a trend?
And, sorry, no, this inflation isn’t “transitory.” And, no, CNN, it isn’t “good for you” — or me, or anyone. Meat prices are up 20 to 25 percent, car prices up 29 percent, and a fill-up at the gas station costs $20 more than a year ago.
Joe Biden and his media flacks rushed to the TV cameras in full damage-control mode on Friday to assure Americans that passing the BBB plan would reduce inflation. One wonders whether these folks would pass a lie-detector test. Americans aren’t buying it. Polls show more than half of voters blame Biden and runaway spending for inflation.
But then a few hours later came the second body blow to the Biden agenda. The Congressional Budget Office released a report that examined the true cost of the Biden BBB plan — minus the accounting gimmicks. The results were devastating: twice as high as previously reported and closer to $5 trillion in spending over the next decade. Instead of “paying for itself,” as Biden claims, the deficit could skyrocket by almost $3 trillion more if Congress passes BBB.
Whoops! This is a bit more than a rounding error. If a private CEO tried to get away with these accounting scams, they’d be put in jail.
https://nypost.com/2021/12/10/labor-dept-reports-inflation-at-almost-7-percent-under-biden-admin/
Friday was arguably the worst day for Joe Biden’s presidency so far. And it could be the death knell for the Build Back Better bill’s lurch toward big-government socialism.
First, the Labor Department reported inflation is now running at just under 7 percent over the last year. Prices were rising at a 2 percent annual pace when Donald Trump left office in January and then 5 percent this summer and now this.
Notice a trend?
And, sorry, no, this inflation isn’t “transitory.” And, no, CNN, it isn’t “good for you” — or me, or anyone. Meat prices are up 20 to 25 percent, car prices up 29 percent, and a fill-up at the gas station costs $20 more than a year ago.
Joe Biden and his media flacks rushed to the TV cameras in full damage-control mode on Friday to assure Americans that passing the BBB plan would reduce inflation. One wonders whether these folks would pass a lie-detector test. Americans aren’t buying it. Polls show more than half of voters blame Biden and runaway spending for inflation.
But then a few hours later came the second body blow to the Biden agenda. The Congressional Budget Office released a report that examined the true cost of the Biden BBB plan — minus the accounting gimmicks. The results were devastating: twice as high as previously reported and closer to $5 trillion in spending over the next decade. Instead of “paying for itself,” as Biden claims, the deficit could skyrocket by almost $3 trillion more if Congress passes BBB.
Whoops! This is a bit more than a rounding error. If a private CEO tried to get away with these accounting scams, they’d be put in jail.
