Biden Administration Announces Plan To Combat Crippling Inflation In U.S.

[rebewranger]

Biden Administration Announces Plan To Combat Crippling Inflation In U.S.
Knewz - Tuesday
 


By David Wetzel

Biden Administration Announces Plan To Combat Crippling Inflation In U.S.
 
New York (Knewz) — The Biden Administration inflation plan was announced May 10 and includes several measures it believes will cushion the blow or rising prices on Americans.

The measures include increasing energy production to combat rising oil prices as Russia’s invasion into Ukraine continues, lowering energy bills via clean energy and vehicle tax credits, lowering prescription drug and health care costs, lowering food prices by helping farmers grow more and more.
 
“The United States is in a stronger economic position than any other major advanced economy in the world. At the same time, inflation is too high and is putting a strain on working families,” the news release states. “The President’s top economic priority is tackling inflation and reducing costs for American families – so we can sustain this historic economic recovery in a way that benefits all Americans.”

The Biden Administration inflation plan also includes measures to lower the cost of everyday goods by repairing infrastructure, efforts to lower the cost of childcare and long-term care and plans to lower housing costs by building more homes.

https://www.msn.com/en-us/money/economy/biden-administration-announces-plan-to-combat-crippling-inflation-in-u-s/ar-AAX72cZ?ocid=msedgntp&cvid=dceac8c244ae4d69b36d1e19cf1b9150

[rebewranger]

Biden Administration Announces Plan To Combat Crippling Inflation In U.S.

so we can sustain this historic economic recovery in a way that benefits all Americans.”

 

I'm not sure I understand how these two statements work together?!

[Kamaji]

Price controls in 3, 2, 1, ....

[catfish1957]

Price controls in 3, 2, 1, ....

Yup, and shortages that are making the present situation child's play.

[andy58-in-nh]

Utter propaganda.
 

This is a plan to increase Federal spending (misnamed as “investment”) while increasing taxes on people and businesses that create jobs and goods and services.
 
Somehow, this is supposed to stimulate production without the costs being passed on to consumers.
 
What you may notice is that the Administration’s plan is the exact opposite of what anyone who knew anything about economics and history would propose… if they truly wanted to attack inflation.


But this is not about inflation. It is about inflicting pain and shifting blame.

[catfish1957]

 

But this is not about inflation. It is about inflicting pain and shifting blame.

There is enough brain power out there to know that Pedo Joe's team is doing the exact opposite of what sane economic practices dictate around inflationary pressures.  I am getting more certain every day that this is an intentional self destructive path to inflict a reveloutionary shift change in the country toward socialism in  its most purist form.

No decent POTUS would throw gasoline to put out a dumpster fire.

[rustynail]

www.youtube.com/watch?v=-C3QiEah7mc

[Killer Clouds]

Traitor Joe and his administration can keep saying they have a plan all they want but they are lying. Whatever they do just makes things worse. This is what happens when you have a bunch of incompetent unqualified idiots in positions of power that have never done anything than suck off the government tete.