{"id":36616,"date":"2022-02-23T06:32:27","date_gmt":"2022-02-23T11:32:27","guid":{"rendered":"http:\/\/angry.net\/blog2\/?p=36616"},"modified":"2022-11-20T15:21:44","modified_gmt":"2022-11-20T20:21:44","slug":"even-obama-administration-officials-are-calling-biden-a-liar","status":"publish","type":"post","link":"https:\/\/angry.net\/blog2\/?p=36616","title":{"rendered":"Even Obama administration officials are calling Biden a liar"},"content":{"rendered":"

Good day all. The title of this post is a bit of a misnomer. The actual term used was \u201cTotally dishonest.\u201d The former Obama official was commenting on Joe \u201cBumbles Dementia\u201d Biden\u2019s remarks on inflation and the causes of it. Dementia Joe, as he always does, denied that his \u201cpolicies\u201d were at fault.<\/p>\n

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Like everyone else in the nation, since the installation of Joe Bumbles Dementia into the Oval Office, things have been rocketing downhill. Inflation is, to put it bluntly, out of control and the tools to fix it are going to hurt…a lot. We all know the reason inflation is exploding. Apparently, Dementia Joe does not. He\u2019s blaming it on \u201cSupply chain issues.\u201d This caused the former Obama official to call out Bumbles Biden. Here are the details from Fox Business<\/b><\/a>:<\/p>\n

President Biden<\/a> has repeatedly blamed tangled supply chains for the surging inflation that has seeped into every part of the U.S. economy<\/a> \u2013 but a former Obama administration official on Thursday dismissed that as a “totally dishonest” argument.\u00a0<\/b><\/p>\n

Oh this should be fun!<\/p>\n

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In an op-ed for The New York Times, Steven Rattner \u2013 who served as counselor to the Treasury secretary under then-President Barack Obama \u2013 accused Biden of mischaracterizing the once-in-a-generation inflation spurt that Americans are experiencing.\u00a0 <\/b><\/p>\n

“Supply issues are by no means the root cause of our inflation. Blaming inflation on supply lines is like complaining about your sweater keeping you too warm after you\u2019ve added several logs to the fireplace,” Rattner wrote. “The bulk of our supply problems are the product of an overstimulated economy, not the cause of it.” <\/b><\/p>\n

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Rattner was referring to comments that Biden made during an interview last week with NBC News’ Lester Holt, in which the president said pandemic-induced bottlenecks in the global supply chain were the largest driver of soaring consumer prices. Biden pointed to semiconductor shortages, which have continued to delay car manufacturing and have contributed to a 12.2% annual rise in vehicle costs. <\/b><\/p>\n

The chip shortage is an issue, however, it isn\u2019t the main cause of price increases for new cars. It\u2019s the devaluing of the dollar by out of control spending by the maladministration, with the able assistance of the idiots in Congress. Rattner was having none of that nonsense.<\/p>\n

Although Rattner acknowledged the pandemic has indeed stretched supply chains, he said the primary inflation source is rapid consumer demand, fueled in large part by unprecedented levels of government spending, including three stimulus payments. <\/b><\/p>\n

Like everyone else, I got a check I never asked for. I knew it was going to be a problem, and, Houston, the problem has landed.<\/p>\n

On top of that, the pandemic has shifted what Americans are purchasing; as they continue to grapple with the virus, many Americans have shifted their spending to goods like cars, electronics and building materials for homes, rather than travel or entertainment. The Labor Department reported that spending on durable goods surged 25% in 2021, compared with 2020.\u00a0 <\/b><\/p>\n

Most electronics come in from overseas. Recently, I\u2019ve bought a new cellphone and just bought a new TV set. I\u2019ve also been looking at a new car, specifically the Ford Bronco. (Not the Sport version, the real one) I\u2019ve been put off buy the Bronco for two reasons. One is cost, although I think I can handle it. (Buy Amazon stuff from my links. Those pennies do add up<\/a>) The other is the delay. I checked with two dealers and it\u2019s now up to 8-16 months once I order it. I\u2019m not in a rush, so I can wait.<\/p>\n

“It\u2019s a classic economic case of \u2018too much money chasing too few goods,\u2019 resulting in both higher prices and, given the extreme surge in demand, shortages,” Rattner said. <\/b><\/p>\n

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Biden’s comments came as the government reported that the consumer price index rose 7.5% in January from a year ago, marking the fastest increase since February 1982, when inflation hit 7.6%. The CPI \u2013 which measures a bevy of goods ranging from gasoline and health care to groceries and rents \u2013 jumped 0.6% in the one-month period from December. The eye-popping reading marked the eighth consecutive month the gauge has been above 5%.\u00a0 <\/b><\/p>\n

And who has been infesting the White House for that period of time? No rush, I can wait.<\/p>\n

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In order to tame rising prices, Rattner said that the Biden administration needs to shift its approach; instead of focusing on passing another trillion-dollar spending package, the economist suggested the White House should prioritize reducing the deficit.\u00a0 <\/b><\/p>\n

There is a problem with that. Several actually. First, the only real way to reduce the deficit is to cut government spending, and cut deeply. Entire agencies need to be shut down. The second is to reverse Dementia Joe\u2019s reversal of the Greatest President of the 21st<\/sup> century, Donald Trump\u2019s policies on regulations.<\/p>\n

Basically, he ordered that two regulations had to be removed for every one added. As I recall, it was actually closer to 4-5 cut for each one added. The Bumbles Dementia maladministration promptly reversed that and is now dropping the dead hand of government on everything.<\/p>\n

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Add to that Dementia Joe\u2019s demands that everyone be forced to get injected with the covid vaccines of both questionable efficacy and safety or be fired, his orders that everyone be masked, and his general incompetence and you can see why the economy is tanking. (Getting us into World War Three for no reason isn\u2019t helping matters)<\/p>\n

The other issue with cutting spending is that the Democratic Communazis, especially the hard leftists like Alexandria Occasional-Cortex, are opposed to it. What they want to do is massively increase taxes on the productive people. They claim they want to \u201cSoak the rich\u201d but we all know that their idea of \u201cThe Rich\u201d is anyone with two nickels to rub together. Once again, Obama\u2019s words are coming true with regards to Joe \u201cBumbles Dementia\u201d Biden.<\/p>\n

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Thatisall<\/p>\n\"1\"2\"3\"4\"5 (2<\/strong> votes, average: 5.00<\/strong> out of 5)
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