Biden Celebrates Economic Tailspin
If you let people pee on your leg and tell you it’s raining, before long their abuse will reach this level:
Thousands of Biden supporters are expected to join the president at the White House Tuesday to celebrate the passage of the “Inflation Reduction Act,” the same day the Bureau of Labor Statistics released a report showing inflation had continued to rise in August.
The report showed that the Consumer Price Index (CPI), a key measure of inflation, increased by 8.3 percent in August when compared to the same month last year and increased 0.1 percent from July. …
Markets nosedived on the news, with the Dow falling 900 points.
This is not despite the Inflation “Reduction” Act, but in part because people can see its effects coming. It is obvious that hundreds of $billions wasted on corrupt green energy boondoggles will drive inflation still higher.
The food index had the largest 12-month increase since May of 1979, rising 11.4 percent over the last year, according to the Bureau of Labor Statistics report.
Yet the regime that is doing this to us celebrates:
Biden announced that he will be making a speech Tuesday afternoon to mark four weeks since the “Inflation Reduction Act” was signed into law.
Pretending that there is anything to celebrate goes beyond gaslighting. It is a middle finger in the face of the country that our degenerate liberal ruling class is systematically looting out of existence.
As with Border Czarina Kamala Harris proclaiming that the wide open border is secure even as 2 million illegal aliens successfully invade in a single year, the message is clear. Our rulers will press forward with their catastrophic policies. If we try to stop them, they have F-15s to kill us with.
The objective is to recreate the Great Depression. That was a golden age for liberal Democrats, who prolonged the crisis for years as they exploited it to expand the size and scope of government.
Exactly four weeks ago, I signed the Inflation Reduction Act into law.
So today, we're celebrating.
Tune in at 3 PM ET as I deliver remarks and welcome the leaders and advocates who made it happen to the People's House.
— President Biden (@POTUS) September 13, 2022
On a tip from Varla.
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