That's what 50 years of "public service" does to you.
https://reason.com/2024/06/13/biden-keeps-blaming-others-for-his-economic-mistakes/
Government overspending, an activity the Biden administration has taken to a new level, has sent the country into an inflationary spiral. Through trillions of dollars in COVID-19 relief programs, infrastructure spending, vote-buying student loan forgiveness programs, and a political "Build Back Better Agenda," the White House has flooded the economy and decimated consumers' purchasing power. We're paying more and getting less for everything from energy to food.
According to the House Budget Committee, the average family of four is paying around $1,143 more each month than it was in early 2021 for the same goods and services; this includes increased gasoline costs. Rather than reversing course, President Joe Biden is telling voters the private sector is to blame and that he has the answers. He's doubling down by proposing more stifling, job-killing regulations to "fix" the problem—regulations which will inevitably send inflation to new heights.
Energy prices are a core component of inflation. If it costs more to ship goods, prices increase. Yet the president began executing an anti-energy agenda within hours of being sworn in. Although prices were at record lows before he took office, by 2022, consumers were paying 50 percent more for gas—no surprise after canceled energy leases, halted pipeline construction, and new regulatory burdens on energy exploration.
Constrain supply, and prices will rise. But that hasn't stopped Biden from blaming energy companies—the same companies that reduced prices to record lows in relatively freer markets during the Trump administration. He's now threatening them with tax hikes, which would be passed on and increase consumers' costs even more.
https://reason.com/2024/06/13/biden-keeps-blaming-others-for-his-economic-mistakes/
Government overspending, an activity the Biden administration has taken to a new level, has sent the country into an inflationary spiral. Through trillions of dollars in COVID-19 relief programs, infrastructure spending, vote-buying student loan forgiveness programs, and a political "Build Back Better Agenda," the White House has flooded the economy and decimated consumers' purchasing power. We're paying more and getting less for everything from energy to food.
According to the House Budget Committee, the average family of four is paying around $1,143 more each month than it was in early 2021 for the same goods and services; this includes increased gasoline costs. Rather than reversing course, President Joe Biden is telling voters the private sector is to blame and that he has the answers. He's doubling down by proposing more stifling, job-killing regulations to "fix" the problem—regulations which will inevitably send inflation to new heights.
Energy prices are a core component of inflation. If it costs more to ship goods, prices increase. Yet the president began executing an anti-energy agenda within hours of being sworn in. Although prices were at record lows before he took office, by 2022, consumers were paying 50 percent more for gas—no surprise after canceled energy leases, halted pipeline construction, and new regulatory burdens on energy exploration.
Constrain supply, and prices will rise. But that hasn't stopped Biden from blaming energy companies—the same companies that reduced prices to record lows in relatively freer markets during the Trump administration. He's now threatening them with tax hikes, which would be passed on and increase consumers' costs even more.
