Joe Biden likes to promote himself as “Center Class” Joe. However Center Class Joe declared warfare on the center class with govt orders on fossil gas drilling and killing the Keystone pipeline. Therefore, his press convention on decreasing inflation left off one factor: he may rescind the aforementioned govt orders. However he didn’t. So its Band-Aids on Band-Aids.
Since Biden was elected President, WTI Crude Oil futures are up 102%. Common gasoline is up 83% and the lifeline of the delivery trade, diesel, is up 111%. In fact, inflation measures don’t measure the hurt to the center class at 8.5% YoY.
Right here is Biden’s speech, blaming everybody however himself for inflation. After which walks away (as common) when requested a tricky query. However he lied. He COULD cancel his govt orders on oil and pure gasoline exploration, however didn’t. As an alternative, he blamed Trump and MAGA voters.
