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Liz Peek: Biden wrong on inflation – president ignoring these realities Americans see every day

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26.07.2021

Sen. Mark Warner, D-Va., discusses infrastructure bill and Senate filibuster on ‘Fox News Sunday’

Joe Biden is extremely confused about inflation. Not a joke, as the not-funny president so frequently (and oddly) says.

At a recent CNN Town Hall, President Biden once again dismissed rising prices as a temporary hiccup in his otherwise brilliant recovery plan, regurgitating the notion that the surge is temporary, and not a threat to the economy.

More astonishing, he again claimed that Democrats’ proposals to spend trillions more in new entitlements and grandiose payoffs to special interest groups like the teachers unions will actually bring prices down.

DAVID BOSSIE: BIDEN, DEMOCRATS IN DISARRAY – SIX MONTHS IN, AMERICANS REJECTING THIS RADICAL AGENDA

His claims, he said, are backed up by all "serious" economists.

How can we possibly challenge all of that? With conviction.

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Let’s start with the notion that no serious practitioners are concerned about inflation. Earlier this month, Kristalina Georgieva, the head of the International Monetary Fund, posted this on that institution’s blog: "While further fiscal support in some major advanced economies, including the United States, would benefit growth more broadly, it could also further fuel inflationary pressures."

By "further fiscal support" she meant Democrats’ reckless $3.5 trillion spend-a-thon that they threaten to pass with zero Republican votes.

Georgieva is joined by St. Louis Fed President James Bullard, who has warned........

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