Biden: Six More Weeks To Flatten Inflation

Biden: Six More Weeks To Flatten Inflation

Biden: Six More Weeks To Flatten Inflation

It’s going to take six more weeks to flatten inflation according to Joe Biden. At least that is what he promised during an event yesterday.

At Friday’s event, Biden said his trip overseas showed “the United States is as well or better positioned as any nation in the world to lead the world on the economy in the years ahead.”

He conceded that “it’s going to take time to get inflation back down to normal levels.”

However, he said that “in six short weeks, Americans are going to start to feel the effects of the Inflation Reduction Act,” the massive legislation that he signed in August.

You know what can get inflation flattened? Stop spending money hand over fist on pet projects and industries that have zero return on investment. Stop throwing money at useless witch hunt investigations that fizzle because there’s nothing to find. 

Right now, people in the northeast are paying double the amount for heating oil than they did last year. And what is Biden’s response to all this? Let them eat cake buy solar panels! That’s the ticket! Stock up on Chef Boyardee and spend money in the dead of winter to buy solar panels that can’t be installed until late spring or early summer, and then get a tax-payer funded rebate the following year! As for those who rent homes, condos, or apartments…I guess they can attempt to force the landlord to install those nifty solar panels, which will lead to a rent increase but you know, it will flatten inflation eventually. 

Inflation is hitting people hard. Food banks have seen a significant increase in traffic. Yet the fact that food prices have gone up has hindered food banks from being able to help the new influx. In fact, whether you plan a Thanksgiving meal or not, the cost of food is up 20% from last year. 

This is how much more expensive Thanksgiving food items are compared to last year.

16-pound turkey: $28.96 or $1.81 per pound (up 21%)
14-ounce bag of cubed stuffing mix: $3.88 (up 69%)
2 frozen pie crusts: $3.68 (up 26%)
Half pint of whipping cream: $2.24 (up 26%)
1 pound of frozen peas: $1.90 (up 23%)
1 dozen dinner rolls: $3.73 (up 22%)
Misc. ingredients to prepare the meal: $4.13 (up 20%)
30-ounce can of pumpkin pie mix: $4.28 (up 18%)
1 gallon of whole milk: $3.84 (up 16%)
3 pounds of sweet potatoes: $3.96 (up 11%)
1-pound veggie tray (carrots & celery): 88 cents (up 8%)
12-ounce bag of fresh cranberries: $2.57 (down 14%)

Remember, Biden keeps insisting that the economy is super strong, stupendously strong. So, why the significant increase in people going to food banks? Inflation is a key driver of this whether Biden nor anyone in the Administration cares to admit it or not. 

Cost of food is up between 12 and 20% compared to last year. Our economy as a whole is only up around 3%. You tell me, is our economy strong? Nope. It’s hurting. 

Yet Biden is now, after insisting everything is peachy keen, telling us we’ll need another six weeks to flatten the inflation curve. Where have we heard that one before? 

Furthermore, we CAN and SHOULD blame the out of control Biden Administration for what Americans are dealing with right now in terms of the economy and inflation. Since Biden took office, inflation has gone UP 13%. 

That’s ok guys. Just you wait until after January 1st. And then you too can help flatten that inflation curve by putting new windows in your home and installing solar panels! How? By taking advantage of those wonderful tax credits Biden can give you! Up to $3200 in credits for heat pumps, electrical panels, windows and doors. Winning!

Or not. 

These are what — here’s what this means: If you’re living in a home with drafty windows and doors, starting January 1, you’ll be able to save up to $1,100 on the cost of replacing them. And that’s just on the upgrade.

You’re also going to save a lot of money going forward because your utility bills will be lower. And that’s good for your wallet, but it’s also good for the environment because you’re using less energy.

And that’s not all. If you want to install solar panels on your roof, you can get a tax credit for 30 percent of the cost. It’ll bring down the cost of installation by about $7,500.

Except who has $10,000 to spend on solar panels and don’t get me started on what the actual costs of new windows are. A $600 rebate for replacing all the windows in one’s home is a useless gesture. And no matter what Biden is attempting to promise, he doesn’t have a clue. Just because seniors will be able to spend less on costly prescriptions doesn’t mean they won’t still be struggling with heating costs and the higher prices at the fuel pump and in the grocery stores. 

No matter how Biden is told to spin this, we all know that it will take a helluva lot more than six weeks to flatten the inflation curve. 

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  • Dietrich says:

    Coincidently in 6 weeks there will be a Republican House of Reps to blame everything on.

  • me says:

    CPI 3rd quarter USA. 2% annualized.. Pretty sure inflation has already been flattened. (Yes, the year over year nmbers are worse but they are a measure of where inflation was 7 months in the past and inflation was high in February and march.. In mathematical terms, the year over year number is a 12 sample moving average. The time value of a 12 window moving average is the midpoint of the window).

  • Me says:

    ” Stop spending money hand over fist on pet projects and industries that have zero return on investment. ” Martin Feldstein would point out that government spending has zero impact on inflation. That is exclusively controlled by FED policy, a FED run solely by Trump nominees. Unsurprisingly Trump spent his entire 4 years in office trying to browbeat the fed into printing more money.

  • Cameron says:

    Joe was the guy who said he’d cure cancer if he was President. Haven’t seen any updates on that for some reason.

  • Mike says:

    We have solar at our house, here in Ontario. It does not function well in the winter, when there is far less insolation than in the summer.

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