One of the surest ways to increase inflation is by spending through loans all of the available cash in the nation. This is something Biden and the Democrats have consistently done since early in 2021.
I am talking about the Inflation Reduction Act (IRA), the American Rescue Plan and others. Wed now also know that Biden is spending $451 billion a year in benefits to criminals who illegally come into this country.
The Democrats have just started to work on amnesty for up to 30 million illegal aliens which will entitle them for even more benefits including welfare, food stamps, HUD, HEAP and Social Security among other benefits paid for with your tax dollars.
It is all about the Democrats’ America Last Policies. They don’t care about the cost, they just want 30 million more Democratic voters. The thing that scares me the most is that the RINOs in the House could make the Democratic hopes a reality.
Pennsylvania Democratic Sen. Bob Casey, who’s up for reelection in 2024, is no9w blaming corporations for inflation when in reality it is his votes that are responsible for the record profits of businesses. If you make a profit of one million dollars and inflation hits 10% a profit of $1.1 million dollars is not a real increase, it is merely treading water. So, yes corporations profits are increasing but only because the Democrats’ profusive spending have devalued the dollar. believe it or nhot, inflation hits manufacturers the same way it hits individuals.
Philip Letsou, spokesman for the National Republican Senatorial Committee, the Senate GOP’s campaign arm said:
VISIT OUR YOUTUBE CHANNEL“Bob Casey rubber-stamped every one of Biden’s reckless spending bills that caused the inflation crisis and now Pennsylvanians are paying the bill.Real greed is the Casey cartel cashing in on their family name while hard working families struggle to make ends meet.”
Critics attribute the spike in inflation under the administration to Biden’s record levels of government spending approved by Democrats, including the $1.9 trillion in new spending for COVID-19 relief authorized by the American Rescue Plan. Additionally, the IRA provided $750 billion in funding, of which a large portion sought to advance the president’s green energy agenda.
“There’s an economic theory called the ‘fiscal theory of the price level’ and it suggests that a stable economy requires good coordination between both monetary policy and fiscal policy,” Jai Kedia, a research fellow at the Center for Monetary and Financial Alternatives at the Cato Institute, previously told the DCNF. “In a situation where the fiscal authority keeps spending without attempting to balance their budget, it is much harder for the monetary authority to meet its targets.”
Inflation rose to 9.1% in June of 2022, and has remained high throughout Biden’s tenure. The president continues to tout his economic policy platform on the campaign trail, dubbed “Bidenomics,” despite overall inflation jumping by 17% since he took office.
The first “Greedflation” report, which Casey released on Nov. 8, argued that “monthly inflation has slowed with the help of Democrats’ passage of the [IRA],” and insisted costs remain high due to corporations increasing prices on its consumers. On Nov. 20, Casey’s second report criticized agribusiness for profiting off of food price hikes for holiday staples like turkey, chicken, pork and potatoes.
The White House referred the DCNF toward remarks made by press secretary Karine Jean-Pierre on Tuesday, where she argued the president “calls out price gouging” regarding “Big Agriculture,” “Big Pharma” and “Big Oil.”
