12/24/2024

Too funny for words. Maddow is fudging the truth – again.

https://www.msn.com/en-us/news/politics/maddow-blog-trump-has-reason-to-thank-biden-for-leaving-him-a-healthy-economy/ar-AA1wnyZf?ocid=msedgdhp&pc=U531&cvid=29676c0df03f4a17bc9149dc5b5d9aef&ei=43

ttps://www.msn.com/en-us/news/politics/maddow-blog-trump-has-reason-to-thank-biden-for-leaving-him-a-healthy-economy/ar-AA1wnyZf?ocid=msedgdhp&pc=U531&cvid=29676c0df03f4a17bc9149dc5b5d9aef&ei=43

How could this go on knowing what was happening to our country? Why aren’t those people/media who allowed this held accountable?

https://www.breitbart.com/economy/2024/12/23/breitbart-business-digest-bidens-inflation-misstep-was-a-warning-sign-all-along/

ttps://www.breitbart.com/economy/2024/12/23/breitbart-business-digest-bidens-inflation-misstep-was-a-warning-sign-all-along/

Breitbart Business Digest: Biden’s Inflation Misstep Was a Warning Sign All Along

4

John Carney

Biden’s Inflation Crisis Was a Competency Crisis

Joe Biden’s presidency has always had a whiff of improvisation, a tendency to sidestep reality for the sake of convenience. But rarely was this more evident than in July 2021, when he assured the nation that “no serious economist” was worried about inflation spiraling out of control. It was a statement as false as it was revealing, encapsulating the administration’s mix of arrogance, economic mismanagement, and wishful thinking.

In hindsight, this moment offers more than a clue to Biden’s broader failures—it serves as Exhibit A in the case that his presidency was, at its core, marked by incompetence and denial.

Biden’s dismissal of inflation concerns wasn’t just a verbal misstep. It was a bizarre signal that Biden wasn’t in touch with the policy discussion going on across the country.

Larry Summers, a Democrat and former Treasury Secretary, had been sounding the alarm since February of 2021, warning that Biden’s $1.9 trillion American Rescue Plan risked overheating the economy. Olivier Blanchard, an equally esteemed economist, echoed those concerns. Even Federal Reserve officials, publicly clinging to the term “transitory,” were privately grappling with the possibility of persistent inflation.

At the time, we saw Biden’s claim that such warnings didn’t exist as a deliberate untruth. Now it seems more likely that Biden was just kept away from Democrat critics of his policies.

As time went on, it was clear that the Biden administration’s blind spot on inflation wasn’t just about inflation. It was about the Biden administration’s broader inability—or unwillingness—to confront hard truths. Time and again, the administration doubled down on policies that worsened the very crises it sought to manage:

• Spending Overdrive: The American Rescue Plan wasn’t just unnecessary—it was reckless. The economy was already rebounding from the pandemic, with trillions in unspent stimulus still sloshing around. Injecting another nearly $2 trillion into the system was a surefire way to overheat demand.
• Energy Myopia: Biden’s early hostility to fossil fuels, from canceling pipelines to restricting domestic drilling, exacerbated energy price shocks when global supply chains faltered. Inflation wasn’t imported—it was built in Washington.
• Shifting Blame: When inflation finally reared its ugly head, the administration resorted to distractions, pinning the problem on corporate greed, shipping bottlenecks, and eventually the war in Ukraine. This scattershot blame game might have fooled partisans, but it didn’t fool voters.

The result? Inflation reached a 40-year high by mid-2022, crushing real wages and eroding household wealth. Whatever progress the administration might claim in reducing unemployment or passing legislation was drowned out by the palpable economic pain of everyday Americans.

What’s striking about Biden’s false inflation assurances is how they fit into a broader pattern of denial. This wasn’t the only issue where the administration seemed more interested in managing optics than tackling substance:

• Afghanistan: The chaotic withdrawal was defended as unavoidable, even as military experts had long warned that a hasty exit would create a vacuum of chaos.
• The Border: Record-breaking illegal crossings were dismissed as seasonal or overstated until the problem became too glaring to ignore.
• Crime: Rising violence in cities across the country was initially waved away, only for Democratic mayors to later plead for more policing.

In every case, warnings were ignored until reality became impossible to deny—and by then, the damage was done.

Incompetence All Along

A recent Wall Street Journal article highlighted Biden’s mental decline, suggesting that his diminished capacity was an open secret among his inner circle. This would go a long way toward explaining the administration’s repeated missteps. But even absent that explanation, Biden’s presidency has been defined by a lack of curiosity and accountability—qualities essential for effective leadership.

The inflation debacle is a case study in how this administration operated: deny problems exist, deflect blame when they arise, and delay action until the damage becomes irreversible. Inflation wasn’t just an economic crisis. It was a political one that shattered trust in Biden’s competence and set the stage for his presidency’s eventual unraveling.

****

COMMENTS:

• Share

• • −
  DDarkDog3 hours agoSadly every lie and dishonest proclamation was covered up by the MSM. The media gaslighted Americans as much or more than Joe Biden himself. The reward for this treachery demands nothing less than their complete and total economic destruction. 7 0Reply
  • • −
    Know the Truth DarkDogan hour agoThe Biden Administration over stated the jobs report by almost a million jobs created! Biden is nothing more than a but a big liar… 2 0Reply
    • • −
      EExtraordinaryANGEL Know the Truth33 minutes agoAlmost all new jobs went to illegals as well. His whole administration was a sham intended to take down America, complete what obama started. We may not know the full effect for decades. Trump has his hands full for sure to right the ship! 0 0Reply
  • • −
    RRYates DarkDog12 minutes agoHow many times does it have to be said? Joe Biden is and always has been an unprincipled buffoon. Yet the swamp continues to call him a decent old man with a poor memory. 0 0Reply
• • −
  BBill Birch2 hours agoI told my lib sister well before the election he will raise gas price and wreck the economy. Didn’t care anything but orange she said.
  Safeway reg gas in my Oregon town was 1.89 Jan 20, 2021 day Biden took office. Made note as I shopped that day thinking it won’t be that again. It peaked 5.50 to a trough of 3.11 back to nearly 4 now back down to 3.05 lowest yet. Still not 1.89. That and print money. 5 out of the 6 bad economies since 1973 was high oil beginning with Nixon giving tanks to Israel.
  Opec reduced output aka Oil Weapon doubling gas price crashing the US economy then again under Carter now interest rates through the roof and its playing out all over again. Joe Biden became senator 1973. He knows this. Had high gas under Obama too. Biden pulled the pin on the oil weapon chucking it into the gears of the US economy knowing it would wreck it. Print money, high oil and he did it with all that experience. 6 0Reply
  • • −
    NatureBoy Bill Birch2 hours agoI have a friend who is a Lib. Ordinarily, he’s a pleasant and articulate guy. Politically, he’s a moron. 3 0Reply
    • • −
      Reld NatureBoy2 hours ago…and they all had this smug confidence that they are totally in the right. As it turns out…now they are silent for the most part as it is starting to dawn on them what a complete moronic catostrophe Biden really was. 4 0Reply
  • • −
    katdogguy Bill Birch43 minutes agoMany OPEC countries realized in the 80’s and later on they were shooting themselves in the foot with the policy of Pan-Arabism tied to OPEC oil policies that they really derived no benefit from and only saddled them with political policies that held them back economically in dealing with the rest of the world as an indepenent countries. Now OPEC is used as an economic leveling device between richer and poorer oil countries but not so much as a political device anymore.
    That aside Democrats always act like economic results are not tied to political policies and that the aims of political policy are more important than the economic health of the nation as a whole. The past is present and future with them always repeating the same mistakes. 0 0Reply
• • −
  Libtardologist3 hours agoFJB and Democrats didn’t make any mistakes in creating massive price inflation and wrecking the economy. They did it intentionally. The Democrat vote harvesting plan is impoverish tens of millions of people, get them on Big Government welfare, terrify them into submission and dependency on Big Government, and expect them to perpetually for vote Democrats.This is also the standard plan for all Leftist\Marxist\Pluralist\Communist Big Governments. The UKSSR’s and EUSSR’s central governments are infested with subservient Globalist puppets. They are transitioning the places into a 99% poor, 1% wealthy PinkoDonkey Economic Model, just like in the USSR, Cuba, NK, Columbian, Venezuela, Viet Nam.FJB 5 0Reply
• • −
  BBubbles03an hour agoPeople who don’t have to worry about what bills to pay every month could never appreciate what the effects of 9% annual inflation, compounded to 20% over three years, has on a regular American family. Even those with two earners. 2 0Reply
• • −
  FFoxtrot_Juliet_Bravoan hour agoMissteps aren’t deliberate. 1 0Reply
• • −
  Frank Ellis18 minutes agoHe was always too arrogant to listen to anyone but now he’s just too dumb to listen. 0 0Reply
• • −
  katdogguy42 minutes agoIn hindsight, this moment offers more than a clue to Biden’s broader failures—it serves as Exhibit A in the case that “his life” was, at its core, marked by incompetence and denial. There, FIFY. 0 0Reply
• • −
  chinesePatriotJoean hour agoDuh ! 0 0Reply
  • • −
    NatureBoy2 hours agoIf he’s too goofy to stand trial he way too goofy to be president. 0 0Reply
  • • −
    JJim Hamilton  NatureBoy2 hours agoToo Late 0 0Reply

kommonsentsjane