Yes, Biden Deserves Blame for Inflation
6th June 2022
President Joe Biden has written an op-ed for The Wall Street Journal detailing his plan to fight inflation.
Well, perhaps the word “detailing” is too generous. The preponderance of the column features Biden taking credit for economic growth that can be attributed to the reopening of the economy that was shuttered by the governing class during COVID-19. Biden, of course, not only championed those closings but was critical of Republican governors who opened their states before he deemed it appropriate.
But with midterms approaching, there’s been a concerted effort underway to exonerate the president, and thus Democrats, of any culpability for rising prices. Biden sycophant “Morning Joe,” for example, contends that anyone who blames the president for more than a “passing impact” on inflation is a “lying hack or an ignorant rube.”
One wonders if that group includes former Obama adviser Steve Rattner, who argues that inflation has been driven by government putting “too much money in people’s pockets”? Or Obama’s onetime Director of the National Economic Council Larry Summers, who had been warning for more than a year that cash infusions would exacerbate inflation? Or Jeff Bezos, who correctly pointed out that the “administration tried hard to inject even more stimulus into an already over-heated, inflationary economy”?