Cavalry..

 

Today's CPI inflation report shocked Wall Street and the nation with a significantly higher than expected print.

After several years of excessive federal spending, regulating, taxing and money-printing, the highest inflation in 40 years is deeply embedded in the economy and it is spreading. 

Overall, the topline CPI came in at 8.3% for the year — food up 11.4%, even energy is still up 24%. Electricity is up 16%; natural gas 33%; new cars 10%. Even with the recent drop, gasoline is still 26% above a year ago. 

There is another approach here that would help save America from a truly deep recession. Move to the supply side. Cut tax rates. Open the fossil fuel spigots. Stop the regulatory stranglehold on business. Start rewarding success instead of punishing it. Implement workfare to bring over 4 million people back into the labor force. 

Unfortunately, the big-government socialists in the Biden administration don't understand any of this. Their woke progressive thinking has done great damage. It's an utter failure. 

The good news is Americans know this. That's why the cavalry is coming.  Just a thought.