The first admission that should start us to think
Biden concedes his COVID stimulus checks fueled spike in inflation
The New York Post pointed out how Dementia Joe admitted that the COVID-relief checks spurred inflation. (Emphasis is mine via bolding.)
President Biden on Wednesday conceded that inflation is at a three-decade high because “people have more money now” as a result of his $1.9 trillion COVID-19 stimulus legislation, recognizing a central point made by people who are arguing against a nearly $2 trillion sequel.
Biden unexpectedly endorsed the stance of his critics who have said the US dollar is losing its buying power as a result of the government printing money to cover COVID-19 aid.
The president said stimulus funds that he signed into law are in part to blame for demand exceeding the supply of goods, causing a backlog at major US ports and the highest rate of annual inflation since 1990.
“The irony is people have more money now because of the first major piece of legislation I passed. You all got checks for $1,400. You got checks for a whole range of things,” Biden said during a speech in Baltimore.
“If you’re a mom and you have kids under the age of 7, you get $300 a month and if it’s over 7 to 17, you’re getting $360 a month,” he said, misstating the second amount, which is $250 per month.
“It changes people’s lives. But what happens if there’s nothing to buy and you got more money to compete for getting [goods]? It creates a real problem,” Biden said.
“On the one hand, we’re facing new disruptions to our supplies. At the same time, we’re also experiencing higher demand for goods because wages are up as well as people have money in the bank. And because of the strength of our economic recovery, American families have been able to buy more products.”
But the president said he believes inflation will subside, arguing that many people temporarily are sitting at home ordering goods online rather than blowing their money at restaurants and bars.
“[People] are not going out to dinner and lunch and going to local bars because of COVID. So what are they doing? They’re staying home and ordering online and they’re buying product,” Biden said.
“Well, with more people with money buying product and less product to buy, what happens? The supply chain’s the reason, the answer is you guys, I’ll get to that in a minute. But what happens? Prices go up.”
(Read more at the New York Post)
Notice that we had to endure a lot of Biden’s “explaining” before we got to the truth
If you had been listening to Biden as he explained the introduction of inflation, you would have endured 15 minutes of his talking to hear 2 seconds of him admitting that he caused the inflation.
So we follow it with more giveaways celebrated at this signing party
Biden celebrates rare win with US infrastructure bill signing
France24 reported in a 15 November 2021 article how Joe Biden celebrated the passage of the “infrastructure” bill.
Battered by critics and dire opinion polls, President Joe Biden signed into law the biggest US infrastructure revamp in more than half a century at a rare bipartisan celebration in the White House on Monday.
The $1.2 trillion package will fix bridges and roads, change out unhealthy lead water pipes, build an electric vehicle charging network, and expand broadband internet. It is the most significant government investment of the kind since the creation of the national highways network in the 1950s.
“We’ve heard countless speeches… but today we’re finally getting this done,” Biden told hundreds of invitees on the White House South Lawn.
“So my message to the American people is this: America is moving again and your life is going to change for the better.”
Most of the crowd were Democrats but there was also a visible handful of Republicans. Notable among the Democrats were senators Kyrsten Sinema and Joe Manchin, two moderates who have warred with more leftwing members of the party, slowing down Biden’s agenda.
The bill is “proof that Democrats and Republicans can come together to deliver results,” Biden said. “Let’s believe in one another and let’s believe in America.”
Infrastructure spending is popular, but the goal eluded Biden’s predecessor Donald Trump for four years, turning his administration’s frequent promises of an imminent “infrastructure week” into a running joke.
Even now, Biden had to fight for months to get his squabbling Democratic Party to vote, risking a humiliating failure.
Democrats only narrowly control a bitterly divided Congress, but in a scarce moment of cooperation they were ultimately joined by a significant number of Republicans in the Senate and a symbolic handful in the House.
(Read more at France24)
From this incredibly propagandistic article, we get some glimmers of truth
This bit of text proves a series of facts:
- First, if the 13 Republicans who voted for this inane bill out of the total 213 Republicans in the House constitute “a significant number,” then French journalists have a different definition of “significant” and “number.”
- Second, since no main stream sources outline the complete contents of the bill (but only gives generalities like “fix bridges and roads, change out unhealthy lead water pipes, build an electric vehicle charging network, and expand broadband internet”), we must accept the truthfulness of the stories on:
- $110 billion for roads, bridges and major infrastructure projects in targeted areas
- $100 billion in targeted grants to determine how to address racial inequities in U.S. highway design (that spells free money to big Democrat donors who will do nothing)
- $16 billion for major projects that would be too large or complex for traditional funding programs (spell that as “Hello, President Xi, I’ll be paying you back.”)
- $11 billion for transportation safety
- $39 billion to modernize public transit
- $7.5 billion for the nation’s first network of electric-vehicle chargers along highway corridors. (Oddly, I don’t remember the federal government having to set up gas stations for gas-powered cars.)
- $55 billion to replace all the nation’s lead pipes and service lines (which surely could not be related to all of the old communities in the North that voted at 4 a.m. for Dementia Joe).
- $1 billion is slated to go toward the Great Lakes Restoration Initiative (which also could not have anything to do with a payoff of anyone in Michigan, Illinois, or anywhere else in that region).
- $5 billion program to require all communities to include multi-family housing (translate that to “Bye-bye, suburbs. Biden is moving the hood to your neighborhood).
- Billions and billions more on numerous liberal dream projects.
- Finally, this all just proves the point that Biden knows we are setting ourselves up for another big round of inflation and he doesn’t care.
He would rather eat ice cream and party.
Let’s go, Brandon!