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As Predicted, Inflation Increasing Under Biden Just Like Under Carter

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Remember long gas lines under President Jimmy Carter? Gas is now over $3 per gallon. This is higher than it was under the Carter administration, $2.40, when accounting for inflation. Under Trump, it dropped under $2. We’re about to see deja vu of the Carter years with inflation, as Biden creates a legacy of attacking poor and low-income Americans right after entering office. He’s fostering this by handing out massive amounts of paper money in stimulus funds to special interest groups, and the pet pork is about to continue in his massive $2 trillion infrastructure plan, which is really a lot of so-called “human infrastructure,” not even transportation. 

 

Why is this happening? If you print more paper money and hand it out to people, so many people have more money, the cost of things is going to increase. If enough people getting the handouts can afford $4 gallons of gas, suppliers are going to increase the cost in order to make more money. There hasn’t been any stimulus checks for everyone -— e.g. the poor -— since March, so they’re going to get hit the worst when consumer prices go up. Once inflation is rampant, the Fed will increase interest rates which is likely to lead to a recession.

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Former President Donald Trump was aware of this when he signed stimulus bills, and kept much of the excess out of the bills. He was aware that there was a tipping point, where the free money had to stop flowing. Consequently, consumer prices stayed relatively low during the Trump administration. Inflation dropped during his presidency, to just 1.2% before he left office. Biden and the Democrats don’t care that COVID-19 is winding down, they are going to push the limit as far as they can to keep the money flowing to their pet issues and cronies, which keeps campaign contributions coming into Democratic coffers.  

 

In the March COVID-19 stimulus bill, called the American Rescue Plan, Amtrak got $1.7 billion, no surprise since Biden has been funneling money to his home state big business for years. The National Endowment for the Arts received $135 million and the Corporation for Public Broadcasting $175 million. Another $5 billion went to farmers -— as long as they’re not white. Obamacare got its first major expansion, almost $62 billion more. People with kids got more money; a single parent making $75,000 got an extra $1,400 per child. 

 

The bill was full of money for the COVID-19 vaccine -— but so many Americans oppose getting the vaccine that many doses are going unused, a waste. They can’t be transferred to other countries since they have expiration dates. Additionally, the Biden administration is currently wasting millions, if not billions, of money to lure people into getting the vaccine on reward programs that aren’t working; Biden’s goal is to get 70% of Americans vaccinated by July 4 but he’s clearly not going to reach it.

 

States are prohibited from using the aid to cut taxes, ensuring that many businesses don’t create jobs or invest. Instead, the money was prioritized for left wing states that stayed locked down the longest, punishing red states that got people back up and working faster.

 

Consumer prices are increasing everywhere, 5% over the past year, the biggest inflation spike since 2008. Energy costs are up 56.2% over the past year.  Excluding energy and food, which are more volatile, prices are up 3.8% over the past year — the biggest 12-month jump since 1992. The price of lumber is at an all-time high, hurting the price of homes and trickling down to rent. 

 

Democrats are attempting to downplay the inflation by saying it is temporary. But the Federal Reserve Chair under Carter, Arthur Burns, said the same thing. To bolster their defense, Democrats point to the increase in car prices being caused by the pandemic. But that is different, there is a direct correlation involved. There is a car shortage caused by a lack of semiconductors, because manufacturers pivoted to making semiconductors for home computers as people drove less and worked from home. And gas prices were increasing drastically even before the temporary spike caused by the Colonial Pipeline hacking.

 

Former Clinton Treasury Secretary Larry Summers, no conservative but obviously an expert on fiscal and monetary policy, is warning of a “Vietnam inflation scenario.” He says there is only a one in three chance that the current inflation won’t lead to a bad outcome. 

 

When inflation was only moderately high under President George W. Bush in 2008, House Speaker Nancy Pelosi slammed him, saying inflation “threatens to devour the paychecks of hard-working Americans.” So where is her concern for low-income Americans now? The poor will also be hit hard, food stamps will pay for less food. 

 

The inflation shouldn’t be happening considering the economy is supposed to be rebounding with COVID-19 receding. We should be seeing a huge boom, such as after World War II when things returned to normal. The nation converted then from military production to peacetime production. The U.S. should be transitioning to post-COVID production, but instead Biden isn’t allowing it to by diverting money to pet causes. People trying to get back into the workforce are finding that the job situation doesn’t match their skills; there are plenty of jobs in the COVID-19 vaccine area and working for Amtrak but fewer where people really need them, since states aren’t allowed to give tax breaks to companies that could create those jobs. Arizona Attorney General Mark Brnovich, one of the few state AGs with guts to take on the Biden administration, sued the administration over the prohibition. 

 

The Democrats’ plan is just to ignore inflation. “We’re going to keep an eye on it, but we think it should resolve in the next few months,” Sameera Fazili, deputy director of the White House National Economic Council, said. It’s painful, but the Democrats are ensuring that Republicans dominate the midterm elections and defeat Biden in 2024.

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Rachel Alexander is a conservative political writer and pundit. She is the editor of Intellectual Conservative and a recovering attorney. She was ranked by Right Wing News as one of the 50 Best Conservative Columnists from 2011-2019.



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News

In-N-Out Burger Serves Customers, not San Francisco

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In-N-Out
Photo credit: Andrew Weibert

In-N-Out Burger just served San Francisco an everything burger, animal style. It’s heartening to see an iconic restaurant chain stand up to government overreach—and in an ultra-liberal enclave, to boot.

Here’s how it went down. San Francisco issued an edict to force bars and restaurants to verify customers’ COVID vaccination papers before allowing entry.

In response, In-N-Out Burger dutifully posted the city’s vaccination requirement on its windows. This placed the onus where it belongs—on their customers. This is as far as a private company need go.

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However, San Francisco sees things much differently. They closed down the city’s only In-N-Out Burger location, on Fisherman’s Wharf. As a result, the burger chain issued this statement:

“Local regulators informed us that our restaurant Associates must actively intervene by demanding proof of vaccination and photo identification from every Customer…. We refuse to become the vaccination police for any government. We fiercely disagree with any government dictate that forces a private company to discriminate against customers who choose to patronize their business.”

San Francisco’s beef shouldn’t be with In-N-Out Burger—it should be with its unvaccinated citizens. If the city chooses to order an unconstitutional vaccination requirement for bars and restaurants, they should enforce it, not the bars and restaurants. They’re private businesses, not COVID cops.

Burger bouncers

In-N-Out Burger trains their associates to cheerfully ask customers if they’d like to add fries and shakes to their meals, not to question them about controversial vaccination mandates. Additionally, they shouldn’t be required to make their associates act as bouncers to eject unvaccinated customers.

As an aside, America is one of the only nations on Earth that requires vaccination passports. Most if not all other countries require immunity passports, which include the vaccinated and those who are unvaccinated yet have degrees of natural immunity after being infected with the coronavirus.

The San Francisco In-N-Out Burger mess perfectly illustrates what should be happening all over America. Private business is not an arm of local, state or federal government. We’re all dealing with the pandemic—why compound the problem by attempting to force private businesses to enforce governmental mandates?

It makes one wonder how San Francisco leaders failed to see this coming. Can any serious person imagine cheerful, smiling, In-N-Out Burger associates making effective burger bouncers? It’s ridiculous for any city to expect restaurant employees to provide vaccination enforcement.

This smacks of more than mere incompetence. Did the city truly expect bars and restaurants to comply? If so, this seems like autocratic (and dangerous) arrogance.

If San Francisco wants to enforce vaccination inspections, they should do it themselves on the sidewalk in front of bars and restaurants. Closing restaurants that don’t force their employees to act as muscle for the city is poor leadership.

Given In-N-Out Burger’s wild popularity, it’s safe to say that most customers want their locations open. If some side with San Francisco in closing the restaurant and forcing associates to be vaccination police, they can get lesser burgers elsewhere.

Smart business

It’s called freedom. And clearly, it’s in short supply in places like San Francisco. Kudos to In-N-Out Burger for making a stand.

Here’s hoping other private businesses will take heart in In-N-Out Burger’s sound and smart business sense and stand up to one-size-fits-all autocrats. If they do, it’s likely that most of their customers will continue supporting them and they may even gain new ones.

Smart and principled businesses take risks for the right reasons. In-N-Out Burger is right to defy San Francisco. Prediction: By refusing to discriminate when serving its customers, they’ll sell even more burgers, fries and shakes in the City by the Bay and in their other 368 locations across America.

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Business

Pandora Papers, a box of trouble for whom?

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Pandoras box seems to be a well-known metaphor in today’s culture. It is often used to represent unknowingly opening a box of wop-ass. The Greek origins are a little more complex.  Pandora was the first human woman, a gift from the gods. She was made from earth to be lovely as a goddess. With the gift of speech to tell lies, and the mind and nature of a treacherous dog. She was given a golden crown of animals and sea creatures. Pandora was blessed with grace, desire and caring to weaken her limbs.

Pandora was the first woman to live among mortal men, first bride and great misery. She was destined to live with men in times of plenty and to desert them in hard times.  Her name means both “she who gives all gifts” and “she who was given all gifts”. In the mythology she opened a jar that belonged to her husband that contained every misery that affects man to today, but managed to close it before hope was able to escape the jar.

Which brings us to the latest document leak from the International Consortium of investigative Journalists or ICIJ. This is the latest of leaks following the Panama papers and the Paradise papers. ICIJ claims this is the largest leak of tax haven information ever. The 11.9 million financial records include information on 330 politicians and high level leaders, including 35 country leaders. For two years over 600 journalists from 117 countries helped to follow up leads exposed by the leak.

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Top leaders with homes in Malibu, Monti Carlo, and high rise towers in Dubai. Investments in sugar plantations, polluting factories, and even a hospital. Secret companies and Trusts to hide assets from taxes and their people. ICIJ likes to point out that this money could have been used to help build roads, hospitals, and schools. They also imply the money comes from ill-gotten gains. Pointing out that hiding money is also used during drug smuggling, human trafficking, bribery, and international terrorism.

In an effort to seem like actual investigative journalists they do mention that nothing they were fed was illegal.  They failed to mention that the tax regulations in every one of the countries involved are written by the rich themselves. Mostly by those not uncovered by the Pandora Papers. Something the 600 seemed to have over looked during their two year investigation is any tax avoidance from the United States. Funny thing that.

To find out why you need to look at who the International Consortium of investigative Journalists is and who finances them. It turns out the group was founded in 1997, they claim to take no public funds only donations. Their largest donors happen to be Soros, thru the The Open Society Foundation. Now needless to say Soros is not going to admit what each one of these people did to stop his march towards one world government headed by Soros and company, but we can speculate.

Tony Blair, supported the American action in Afghanistan. King Abdullanh met with and supported Israel. Vladimir Putin would rather not have a one world government telling him how to run Russia. Shakira no stranger to wokeness had the gall to disagree with the Conovirus imprisonment and demanded children be let outside into the sun and air. You can bet that each one of the targets of this dump had somehow displeased those supporting the great reset.

Each one of these thought they had found a beautiful tax haven not knowing it was she who gives all gifts and conversely she who is given all gifts. By selectively revealing that it is worthwhile to spend money to hide income from those who did not earn it is telling. Besides highlighting that taxes are too high for the services provided. Telling that not one American is mentioned. Telling that the “journalists” didn’t discover how politicians in government get rich on civil service salaries. Not one mention of the heads of NGO’s (non-governmental agencies) have found that the poor are very very good for them. How about a peek into how many of the 1.5 million tax exempt organizations in America are just a tax dodge.

We will wait with the patience of Job for the International Consortium of investigative Journalists to do some real investigating.

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