Stampede...

 

President Joe Biden may suffer the same fate of a ruined presidency that befell Carter. Biden has been touting wage gains for workers of 4%. During normal times, that would be a very solid number. Except, over the past year, inflation has been running at 6.2%, which means that the public’s purchasing power is relentlessly shrinking even with 4% wage increases.

Biden policies have detonated this inflation bomb. Biden signed a $1.9 trillion stimulus spending plan, which was completely unnecessary because we already had nearly $1 trillion of unspent COVID-19 relief funds in the pipeline. 

Then Biden declared war on American oil, gas and coal. As a result, domestic oil production has fallen by roughly 2 million barrels a day from when Donald Trump was president. So, at $83 a barrel, this means we are losing about $165 million per day from the pockets of hard working Americans.

Biden has canceled the Keystone XL pipeline and now wants to shut down a major Midwestern pipeline that is already operative.   Biden reversed a Trump administration directive to allow drilling in oil-rich Alaska a few weeks ago.

 The most urgent step to stop the stampede of higher prices is to kill his $3.5 trillion social welfare spending bill, which will worsen inflation. Yet the Godzilla bill “will cost nothing it’s free.”

Biden’s false claims, he continues to assure the public that he won’t raise taxes on those who make less than $400,000. But, Mr. President, inflation is a tax. You’re paying this Biden tax every time you fill up your gas tank or buy food.