There have been an avalanche of surreal events involving President Biden but none more bizarre than a White House celebration on inflation reduction on the very day his government announced an 8.3% hike in the cost of living. It eerily resembled a Twilight Zone television episode.
While touting the Inflation Reduction Act, Biden boasted that gasoline prices are down an average of $1.30 since the beginning of summer. However, the cost per gallon is still 25.6% higher than a year ago. Russia's Putin was blamed for the price hike, so, facetiously, does he get credit for the decline?
Gas prices are dropping because demand for fuel has faltered 4.4% this year. Another contributing factor is some states have suspended gasoline taxes which lowers the average cost of a gallon. Industry experts expect prices to escalate again when the release of Strategic Petroleum Reserves ends this fall.
During his back-slapping speech, the president said; "We're getting other prices down." Exactly which ones is he talking about? A Department of Labor report released the same day recorded the largest food price increases since May, 1979--an 11.4% jump over the past year.
Here's some examples of soaring food prices: Eggs, 39.8%; flour, 23.3%; milk; 17%; bread 16.2%; chicken, 16.6%; meats, 6.7%; pork, 6.8%, fruits and vegetables, 9.4%. A industry report shows lower-income households in particular are skipping nutritional food items because of the inflated price.
Utilities are rising, especially natural gas, which climbed 33% since last year. With winter coming, prices will spike. New vehicle prices are 10.1% higher than 2021 and rent continues to skyrocket: the nationwide average for a one-bedroom apartment has mushroomed 27.1%.
Asked if he was concerned about 8.3% inflation, the president responded: "No, I'm not because we're talking about one-tenth of 1%," an apparent reference to a dip in some prices. Be assured average Americans are not fist bumping in joy at the check-out counter at their local grocery store.
But, of course, he is not the only person in the administration that does not allow facts to stand in the way of dubious pronouncements. In an interview, Vice President Kamala Harris twice claimed the porous southern border is "secure." The sycophant reporter did not challenge her obvious falsehood.
She said the following in a television interview: "We have a secure border in that that (sic) is a priority of any nation, including ours and our administration." You can't make this stuff up.
The vice president's claim is particularly egregious considering she is the administration's official Border Czar. She hasn't personally visited the border, so she might be excused for knowing so little about the current crisis. Although you might surmise, she could find out if she wanted.
Southwest border apprehensions in fiscal year 2022, which ends in September, have already hit 1.9 million arrests. This is the highest number ever recorded since the U.S. Customs and Border Patrol began tracking apprehensions in 1925. That doesn't fit the definition of security at the border.
But Harris' statement pales in comparison to the whopper told by Biden's Press Secretary Karine Jean-Pierre. Questioned about border security, she replied: "It's not like people are just walking across the border." What alternative universe is she living in?
There is a large cache of videos showing immigrants not only walking across the border, but climbing fences, swimming and being ferried across the Rio Grande River in boats operated by Mexican drug cartel members. Swarms of illegals are coming because they know the border is open.
Cue the Twilight Zone music.
Treasury Secretary Janet Yellen can always be counted to deliver a Rod Serling gem. (Serling was the creator of Twilight Zone.) She assured Americans for months inflation was temporary, even as the data showed the pressure on prices was continuing to mount.
Then after two quarters of negative GDP growth, Yellen delivered a non sequitur by calling the economic decline a "transition" not a recession, ignoring the long-established definition. Two quarters of negative growth denotes a recession.
Now Yellen is backtracking again by admitting the country faces "a risk" of recession as it battles inflation. Even if the third quarter delivers negative growth data, it would not surprise if Yellen updated the term to "extended transition." This administration knows no shame.
There are two conclusions that can be drawn from this Twilight Zone administration: Either President Biden and his team believe Americans are stupid or they are convinced their lies will be accepted as fact by a compliant media prone to echo the administration's narrative.
Whatever the conclusion, Americans are not entertained nor fooled by Washington's Twilight Zone episodes.
No comments:
Post a Comment