What a difference five months makes. Americans are watching as Joe Biden seems to do everything wrong. In just the few short months he’s been in office, it’s like he’s reversed everything good we’ve been enjoying.
Donald Trump warned the country. It’s amazing anyone voted for Loony Joe.
The economy is fragmenting, businesses can’t find workers, prices are going sky-high, the border is a mess, and even problems are exploding overseas.
Now, Ben Carson is calling out Joe Biden and the damage his swamp is doing to Americans.
From Fox News:
Inflation, or increases in general price levels of goods and services consumed across the economy, results when there is an increase in money available to spend, but not a corresponding increase in goods and services to spend it on…
The present and coming inflation will disproportionately harm the poorest among us. Inflation erodes purchasing power, and individuals with lower incomes and lower wealth rarely benefit from the “upsides” of inflation such as wage growth – which is least likely to accrue to less productive, lower skilled, lower wage workers
Many believe because Joe Biden dumped over a trillion dollars of “free money” into the country earlier this year, inflation is on the rise.
You see, Biden gave out all those “stimulus” checks and unemployment perks, without being able to pay for it.
His “relief” bill was based on extending our national debt. But the payment has to come from somewhere.
And, when there is suddenly 1.7 trillion more dollars than there was a minute ago, the value of the dollar plummets.
That results in the cost of everything going up. Instead of helping the economy, Joe handed it a loaded gun.
Carson is exposing this terrible move, saying it will end up hurting the poor the most. Rich folks can absorb inflation without even noticing it.
But people who were already struggling because of lockdowns and other problems? An increase in the cost of food, gas, and clothes can be devastating.
And that’s just what Joe is contributing to. Prices were already going up because of his other terrible plans (killing the Keystone pipeline, banning drilling on federal land, etc.). But inflation will put the final nail in the coffin of any recovery we hoped to achieve.
Funny how all those economists and advisers didn’t bother to tell Joe that. Maybe they did, but he wanted a quick win early in his administration to brag about.
Doesn’t look like a win now, does it?
- Ben Carson called out Joe Biden for contributing to rising inflation.
- Joe Biden’s “stimulus” spending reduced the value of the dollar, which increases prices.
- Carson explained that the poor are hurt the most, the very group Biden claims to care about.
Source: Fox News