February 11, 2022
Lunacy: Biden calls for huge new government spending to...beat inflation
By Monica Showalter
We see no awareness of how inflation builds from the supply chain — that when a producer has higher input costs for raw goods, he needs to pass on his costs to the next guy down the line buying it — the factory, the retailer, the broker — and those guys need to pass that higher cost onto the next guy, the wholesaler, the consumer, and so on. The guy at the end of it, the consumer, is the one who gets burned, since he has no one to pass it on to.
That explains why inflation is all over the place, in everything from gas costs to vegetable costs to used car costs to lumber and paper costs, and consumers are enraged — it's the number-one issue that's tanking Biden in the polls.
Biden is busy targeting individual producers, selected for political purposes, of course — meat-packers, oil companies — for "gouging," as well as individual drug costs (notice that he's not targeting Big Pharma, just the costs), and imagining that that's all it takes to get this monster under control.
He's blaming the supply chain in his sorry interview:
https://twitter.com/sn00pdad/status/1491972958428057604more
https://www.americanthinker.com/blog/2022/02/lunacy_biden_calls_for_huge_new_government_spending_to_beat_inflation.html
