the staff of the Ridgewood blog
Ridgewood NJ, after Wednesday’s inflation news (6.2% increase over last year) former Clinton and Obama economist Larry Summers, took to CNN to say the Biden White House has been “behind the curve” at every point on prices:
“They said it was transitory; it doesn’t look so transitory. They said it was due to a few specific factors; doesn’t look to be a few specific factors. They said when September came and people went back to school, that the labor force would grow, and it didn’t happen.”
Back in February the White House famously trashed Summers after he warned that Biden’s $1.9 trillion “rescue” plan would touch off “inflationary pressures of a kind we have not seen in a generation, with consequences for the value of the dollar and financial stability.” Politico reported: “White House officials were withering in their attacks on Summers….and some attacked him personally.”
Because of the high inflation rate, Americans have lost 1.2% of income in real terms over the past year. Biden is making America poorer, and he isn’t wasting any time doing it.
Biden has no clue how to manage the economy. He’s good at telling lies and trying to hide his economy failures. He’s much more interested in pushing fake green energy, wide open borders, illegal immigration and social justice for transgenders.
All contributing to the demise of America. You’ve got to wonder why Biden and his cronies hate America so much. Communist China must be laughing at what has become of America.
Vote all Democrats out.
What I don’t understand are all the moderate Dems. Are they so invested in the party that their parents supported that they are oblivious to the way they are being blindsided by these marxists who are hell bent on dismantling their country, a country that has given them so much wealth and prosperity? For Christ sake, watch something other than CNN/MSNBC. You are being indoctronated.
The moderate Democrats are the stupidest people in the room.
They don’t realize that they have a greater chance of personal and policy success working with Republicans than supporting the communist/socialist/marxist wing of their own party.
Once critical mass is reached, these moderate Democrats will be purged from the Democrat party.
Larry is a smart guy. Just ask him.