Jannah Theme License is not validated, Go to the theme options page to validate the license, You need a single license for each domain name.

Biden’s Ill-Fated Inflation Prophecy Turns One Year Old


Ronna McDaniel


Posted: Jul 23, 2022 12:01 AM

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.

This week marks the one-year anniversary of Joe Biden’s fateful prediction: inflation would be “temporary.” Long-term rising prices, he said, were “highly unlikely.” Twelve months later, he couldn’t have gotten it more wrong. Inflation isn’t just here to stay. It’s gotten worse and Democrats are to blame.

For months, Democrats went back and forth on the issue. First, they insisted inflation would be short-lived. Then, former White House Press Secretary Jen Psaki claimed it was decelerating. Next, Biden blamed high prices on “Big Meat.” There was Chief of Staff Ron Klain’s elitist claim that inflation was simply a “high-class problem” and Psaki’s quip that the COVID-19 pandemic was the “root cause.” Biden insisted that prices were high due to supply chain issues, and then because of Putin.

Now, they’re pointing fingers. Vulnerable Democrats are suddenly trying to “sound the alarm” on rising prices and demanding Biden do something—even though their radical voting records helped create the problem. In Arizona, where embattled Democrat Sen. Mark Kelly is running for re-election, inflation has soared by 14.9% since Biden took office. In Georgia, voters are facing prices that have spiked 13.7% under Biden—bad news for Democrat Sen. Raphael Warnock. And in Ohio, working-class families have been especially hard hit by Bidenflation, with costs rising 14.5% since January 2021. That’s a tough sell for Democrat senate nominee Tim Ryan, who faces Republican JD Vance in November. Ryan has voted in line with Biden’s agenda 100% of the time, while Warnock and Kelly have backed Biden 96% and 94% of the time, respectively. These Democrats couldn’t care less about voters. They’re only “sounding the alarm” now because they know they might lose their midterm elections.

They have good reason to worry. Last week, inflation hit yet another 40-year high. Gas is up almost 60%. Milk has surged 16% and eggs an incredible 33%. Even coffee is up nearly 16%. In June alone, Bidenflation cost the average American household $718. If prices froze today, families would still be on the hook for $8,600 in additional inflation expenses over the next year.

It’s no wonder inflation and the economy rank at the top of voters’ concerns heading into the midterm elections. Seventy-five percent of Americans say inflation has caused them financial hardship, Seventy percent say they’ve cut back on spending, and 52% say they’ve changed travel plans thanks to sky-high gas prices. Another report found that 25% of Americans now plan to delay their retirements, while 1.5 million retirees have reentered the workforce over the past year. Tight budgets are even forcing some Americans to dip into their savings to make ends meet. A growing number are relying on food stamps, while others find themselves forced to go to food banks for the first time in their lives.

But Biden and Democrats have only themselves to blame for the mess in which they find themselves. Biden not only squandered the economic recovery he inherited but has taken every opportunity to double down. His $1.9 trillion “stimulus” is responsible for skyrocketing inflation, and his irresponsible Build Back Broke agenda—which he is trying to ram through Congress—will only make it worse.

Democrats can spin and dodge all day, but the record is clear. Biden promised that rising prices would be short-lived. A year later, Americans are still feeling the squeeze because of this administration’s reckless spending agenda. Unfortunately for Democrats, it’s a crisis hardworking families are reminded of on a daily basis—including by the $4 per gallon gas they pump on the way to the polls.

Related Articles

Back to top button