Biden is declaring that if Republicans win in November that inflation will get worse next year.
He is partially correct in that inflation will get worse next year but it won't matter how the mid-terms go.
In spite of gaslighting from the White House that inflation is at 0% (when it is between 8 to 9%), it is going to be getting worse before it gets better as the effect of the Democrats wild spending sprees come home to roost.
The pickup in inflation expectations follows government figures released Thursday that revealed a key measure of core consumer prices accelerated in September to a 40-year high.
IOW, inflation is heating up not cooling off.
Given that the Republicans look like they will be taking back control of the House, and possibly even the Senate, we can expect the Democrats/MSM to declare the rising inflation is a result of that -- just like old Joe predicted. Moreover, folks like star will be quick to post stuff promoting this hoax. But the truth is we are about to experience worsening inflation next year regardless of who is in control of Congress thanks to what was done this year. The only thing that can be done is to try to limit the damage as you try to reverse course -- something that cannot be done overnight.
A final note, I heard some talking heads earlier this week bemoaning that old Joe has tried "everything" to stop inflation but nothing seems to be working.
Not even close.
When exactly did he try cutting the wild spending spree requiring the printing of trillions of dollars of new money and causing inflation (Economics 101 folks)? Instead he has pushing for this increased spending.
So old Joe has hardly tried "everything" when he refuses to dial back on one of its leading causes and instead pushes for more of it.
He is partially correct in that inflation will get worse next year but it won't matter how the mid-terms go.
In spite of gaslighting from the White House that inflation is at 0% (when it is between 8 to 9%), it is going to be getting worse before it gets better as the effect of the Democrats wild spending sprees come home to roost.
The pickup in inflation expectations follows government figures released Thursday that revealed a key measure of core consumer prices accelerated in September to a 40-year high.
IOW, inflation is heating up not cooling off.
Given that the Republicans look like they will be taking back control of the House, and possibly even the Senate, we can expect the Democrats/MSM to declare the rising inflation is a result of that -- just like old Joe predicted. Moreover, folks like star will be quick to post stuff promoting this hoax. But the truth is we are about to experience worsening inflation next year regardless of who is in control of Congress thanks to what was done this year. The only thing that can be done is to try to limit the damage as you try to reverse course -- something that cannot be done overnight.
A final note, I heard some talking heads earlier this week bemoaning that old Joe has tried "everything" to stop inflation but nothing seems to be working.
Not even close.
When exactly did he try cutting the wild spending spree requiring the printing of trillions of dollars of new money and causing inflation (Economics 101 folks)? Instead he has pushing for this increased spending.
So old Joe has hardly tried "everything" when he refuses to dial back on one of its leading causes and instead pushes for more of it.
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