Tuesday, March 15, 2022

Hack..

 


Joe Biden in the mid-1970s was a first-term senator when President Gerald Ford implored Americans to wear “Whip Inflation Now” (WIN) buttons and stickers. The Ford administration’s sartorial effort to raise awareness about fast-rising prices and get Americans to spend less drew widespread media ridicule and even raised private doubts among top White House economic advisers. Biden watched inflation become a major theme in Democratic presidential candidate Jimmy Carter’s defeat of Ford.

Inflation is now getting too close to disco-era highs for comfort, with Biden as president after 36 years in the Senate and eight years as vice president. Inflation skyrocketed 7.9 percent over the past year, according to the February report from the Bureau of Labor Statistics, the fastest rate of inflation since January 1982.

That puts Biden and Democrats in dangerous political territory heading into November’s midterm elections. But Biden — whose poll numbers have already been boosted following Russia’s invasion of Ukraine — thinks he has a boogeyman to pin the problem on: Vladimir Putin. The Biden administration blamed the Russian president for the rapid American price hikes, spiking gas prices.

Honesty is a difficult position to be in.   Just a thought.

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