Biden’s explanation for inflation: People keep buying things!
Biden’s plan to stop inflation: Wait for people to run out of money, then prices will go down.
Biden’s challenge is that he can highlight how consumer demand for goods is driving much of the inflation problem. But getting consumers to change their behavior is a lot harder.
“How do you change economic reality? You don’t,” Naroff said. “If you tell people ‘stop buying,’ they’re going to give you the single-finger wave. There’s nothing the guy can do about it. But it is a political problem for him.”https://www.politico.com/news/2021/11/18/biden-inflation-war-human-behavior-522891
Does Biden know that personal saving is back to pre-Covid levels? I am not sure where all the supposed excess spending is coming from. According to Politico, the problem is spending too much on consumer goods and not enough on services. Hmm, seems like the lockdowns triggered some online buying habits that are hard to break. That must mean that people are using credit cards or switching their spending from one category to another.
The topic you don’t hear much about is how the slow murder of the oil industry is affecting the economy. The forced ‘energy transition’ is the actual driver of this global inflation, in my humble opinion. You know, our addiction to oil.
Lower-income families have been hit hard by rising costs of necessities. And the middle-class is also feeling the effects of inflation and beginning to spend less on discretionary categories.
With as much as 60% of U.S. consumers living paycheck to paycheck, it’s not a surprise to see that the spending cutbacks have started. Even with a strong job market and wage gains, as well as Covid stimulus savings, pricing spikes in core spending categories including food, gas and shelter are leading more Americans to mind their pocketbooks closely.https://www.cnbc.com/2022/04/08/as-inflation-bites-higher-income-consumers-are-cutting-back-too.html
The problem has always been that Democrats, and many Republicans, do not understand or care about how real economics works and how their policies impact actual families. Flooding the market with money is not good economic policy for consumers, but it is great for getting votes in the short term.
“Hey Joe! Get back over here! Ukraine is not going to save you!”
As the mid-term elections get closer, things are not looking good for the Biden administration. “The 2022 United States elections will be held on Tuesday, November 8, 2022. During this midterm election year, all 435 seats in the House of Representatives and 35 of the 100 seats in the Senate will be contested.” Wikipedia
What do you think? How is inflation affecting your budget, daily life, and vote? Have your wages risen along with prices? Have you changed your driving habits because of the price of fuel?
No matter what side of the fence you stand on or even how anyone felt about Joe Biden before he became president the fact is there is something seriously wrong with him mentally. The man he was is no longer there he doesn’t know where he is most of the time or even how to structure a sentence anymore. He is handling nothing he is paraded to the public from time to time, but that man is in charge of nothing.
Joe Biden is in the true sense a puppet not a good one, but a puppet nonetheless. His wife should be ashamed for allowing him to be used the way he is in his mental state. Don’t get me wrong I have no love for him, but to use someone the way they are using him is wrong on so many levels.
He is parroting what they teach him to say and even then most of the time he cannot get it straight and gets upset and confused.
Kamala Harris is no help and most of the time no one even knows where she is. Even when she is present she does absolutely nothing, but laugh and deflect. Our country is in the shape it is because of complete incompetence in our government.
Agreed. I have compassion for him as an elderly person and fellow human being, but he has been in politics a long time and is not innocent of corruption . God will judge him.
I agree I have compassion for him in the state he is in now and there are going to be many including his wife that will be judged by God for his treatment. You are also right that there is a lot of corruption he will have to answer to God for as well.
This dovetails into your last blog on digital currency. Without actively participating in “demonic activity,” powers of the world ARE preparing us to acquiesce to every detail of our lives being online, until taking a “mark” to access our accounts will only seem logical.
I, too, pray for Biden as I do for Pelosi, Schumer, McCarthy, McConnell and others in leadership in our nation. However, I believe we have passed a “point of no return” as Israel did before the 8th century BCE prophecies of Amos, Hosea, Micah, Isaiah, and Nahum told the nation,
“I hate, I despise your feasts, and I take no delight in your solemn assemblies.
Even though you offer me your burnt offerings and grain offerings, I will not accept them; and the peace offerings of your fattened animals, I will not look upon them.
Take away from me the noise of your songs; to the melody of your harps I will not listen.” (Amos 5:21-23)
Watch for “post-birth abortions” to become legal in many states, transgenderism and unleashing of almost all sexual boundaries to be obliterated, religious confusion and all the ungodliness of 1 Timothy 3 to come to fruition in our lifetime. It is time to mourn for the demise of American ideals.
However, God knows how to protect His own and preserve us from wrath, even if that means taking us out of this world.
Maranatha, Even so, come Lord Jesus.