Americans Are ‘Collateral Damage’ In Dems’ Insane War On Energy
I & I Editorial Board
June 30, 2022
Maybe the Jan. 6 hearings are, as some assert, really about distracting Americans from the Democrats’ shocking policy failures. How else can one explain the refusal of President Joe Biden and the Democratic Congress to address our ongoing energy crisis?
And, no, it’s no exaggeration to call this a crisis. With consumer prices rising at a four-decade-high of 8.6% in the most recent year-over-year comparison, Americans are watching their standard of living fall fast.
A just-released national survey has found that 83% of U.S. households are cutting their personal spending and travel due to soaring inflation. These cutbacks are being driven almost entirely by energy costs, which have spiked nearly 35% in the past year.
The economic disaster Biden has created is ultimately a result of surging federal spending during the pandemic, foolish Fed policies that poured monetary gasoline onto a raging inflation fire, and the ongoing effort by Biden and the Democrats to punish the very companies that provide our energy, threatening them with smothering regulations, painful taxes and even public shaming.
Things have reached a fever pitch of late, with Democrats’ extremist anti-free-market green wing suggesting, as gasoline prices roar past $5 a gallon and cities across the nation face blackouts, we would all be better off if we just nationalized our oil and gas industry.
For the record, no we wouldn’t.
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