Build Back beatdown for Biden: Fiscal double whammy for prez and his agenda
By Stephen Moore
December 10, 2021 10:23pm
Friday was arguably the worst day for Joe Biden’s presidency so far. And it could be the death knell for the Build Back Better bill’s lurch toward big-government socialism.
First, the Labor Department reported inflation is now running at just under 7 percent over the last year. Prices were rising at a 2 percent annual pace when Donald Trump left office in January and then 5 percent this summer and now this.
Notice a trend?
And, sorry, no, this inflation isn’t “transitory.” And, no, CNN, it isn’t “good for you” — or me, or anyone. Meat prices are up 20 to 25 percent, car prices up 29 percent, and a fill-up at the gas station costs $20 more than a year ago.
Joe Biden and his media flacks rushed to the TV cameras in full damage-control mode on Friday to assure Americans that passing the BBB plan would reduce inflation. One wonders whether these folks would pass a lie-detector test. Americans aren’t buying it. Polls show more than half of voters blame Biden and runaway spending for inflation.
more
https://nypost.com/2021/12/10/labor-dept-reports-inflation-at-almost-7-percent-under-biden-admin/
