Biden has no idea how to fight inflation
And we'll pay the price for it
By Editorial Board - The Washington Times - Wednesday, May 18, 2022
OPINION:
The more President Biden talks about inflation the less we want to hear from him. Real wages are down. Prices are up considerably since he entered the White House. The latest jobs report, while meeting expectations, contains some clues the job market may be softening.
None of this seems to bother the president. Americans may be hurting, but, according to the first of what he says “will not be my only speech” on the subject, inflation is a problem that, while never that bad to begin with, is already on its way to being solved.
Mr. Biden’s policies, and those of progressives like him, are directly connected to the price spikes we’re all seeing. Suppliers have been put in a position where they can’t respond to increases in demand by increasing production. Instead, they and we must do more with less, a costly solution to say the least. Americans born during or after the Reagan administration have never experienced inflation like this. Those of us who remember the 1970s also probably remember how the trio of rising interest rates, inflation and unemployment kept us or our parents up at night, giving us something to fear besides “fear itself.”
https://www.washingtontimes.com/news/2022/may/18/editorial-biden-has-no-idea-how-to-fight-inflation/
