Bidenflation… get used to that term because it is not going away anytime soon.
Analysis by numerous economists point to rising inflation and an economy that will pay the price for the next two years, at least, and Joe Biden is starting to get worried.
Biden is now being forced to address something other than the pandemic, and he is clearly panicking.
It’s Not So Bad
Even former Obama economic advisers have warned that this rising inflation could last two or more years.
If that happens, Biden and Democrats lose big in the next two elections.
Biden knows this, so he is going into spin mode.
While addressing the media outside the White House, Biden stated, “Some folks have raised worries that this could be a sign of persistent inflation.
“But that’s not our view. Our experts believe, and the data shows, that most of the price increases we’ve seen are — were expected and expected to be temporary.”
If Biden’s team does see it this way, they are the only ones because alarms are ringing in every economic circle right now.
I love the use of the word “temporary” here as well, as that could mean anytime in the future, including YEARS into the future.
Biden can say whatever he wants, but inflation is starting to take a bite out of people’s bank accounts, which is exactly the tactic that House Minority Leader McCarthy (R-CA) is trying to expose.
He recently penned a letter stating, “While reports on inflation are often framed in percentages, how they impact people is what matters most.
“That’s why I recently asked my online followers to share stories about how inflation is affecting their lives.
“Though sometimes sad to read, each comment was further proof that our communities are hurting and in need of leadership.”
Biden is trying to cover up lies with more lies and inflation with more spending.
It is truly a house of cards that will soon collapse, and Republicans will be at the ready to pounce when it does.
Source: Washington Examiner