President Joe Biden is pointing fingers all over the world for inflation that has been going on for more than a year for the dramatic increase in the costs of goods and services in America. Come on man. In less than 13 months, the inflation rate has gone from 1.4 percent to 7.9 percent, underscoring Biden’s […]
President Joe Biden is pointing fingers all over the world for inflation that has been going on for more than a year for the dramatic increase in the costs of goods and services in America. Come on man. In less than 13 months, the inflation rate has gone from 1.4 percent to 7.9 percent, underscoring Biden’s direct responsibility for what is now runaway inflation. As a reminder, before the war in Ukraine even started, inflation was already at 7.5 percent over the prior 12 months.
Early in Biden’s term, inflation began to rise and the president dismissed it as “transitory,” while groups like Americans for Limited Government argued that rampant inflation was baked into the cake as the federal government continued to use COVID as an excuse to for massive deficit spending, borrowing, and printing totaling more than $6 trillion. Now the chickens are coming home to roost, and Biden wants to blame the war, instead of his own policies that laid the groundwork for price increases unseen in America for 40 years.
Rick Manning is president of Americans for Limited Government (ALG). The organization says it is a “non-partisan, nationwide network committed to advancing free-market reforms, private property rights, and core American liberties.” This op-ed is drawn from a news release the ALG issued on March 10, in response to the U.S. Bureau of Labor Statistics report showing that the consumer price index rose 7.9 percent in the last year.
