Obviously, not every American was a fan of former President Donald Trump, and that includes a number of Republican voters.
But every honest American regardless of party affiliation (or no affiliation) that his economic policies were fabulous for the country.
Before the COVID-19 pandemic, which even rational people believe was manipulated by sadistic albeit well-connected people to hurt the former president, the American economy was running on all eight cylinders.
Businesses were being started while others were being greatly expanded. Corporations that had opted to expand outside the country changed their plans and decided instead to reinvest in the U.S., thanks to the Trump tax reform law’s dramatic reduction of the corporate income tax. Jobs were plenty; wages were going up on their own without a government or voter mandate that they be raised to inappropriate (for the jobs) levels; all demographics were doing better than they were the eight years of Barack Obama.
And inflation was low, as were energy prices.
But the pandemic reversed all of those gains and now the ‘election’ of Joe Biden is going to make economic conditions worse overall.
Don’t take our word for it, though.
Council of Economic Advisers chairperson Cecilia Rouse told “Fox News Sunday” that inflation is coming, thanks in large part to one Democratic multi-trillion-dollar spending bill after another…after another.
“Can you guarantee with all this spending that we are not going to have a new round of overheating the economy and serious inflation?” anchor Chris Wallace asked Rouse.
“These are very serious concerns, and we know that coming out of an extremely deep recession that there are going to be bumps along the way. We expect that there is going to be supply chain disruptions. That will cause some transitory increases in prices,” Rouse said.
‘Transitory.’ What does that mean? What is the length of time the administration estimates regarding ‘transitory’ inflation? Transiting from current price levels…to what kind of price levels? And for which goods and services — only some, or all goods and services? And what effects will these “transitory increases in prices” have on the poorest Americans, those Team Biden claims to care about the most?
Rouse didn’t really provide any answers to any of those questions.
“We know that there are some places where employers are struggling to workers because let’s face it — we’re still in the middle of the pandemic. Some workers would like to go back to work but have font child care because schools are not open and the pandemic is still out of control in certain parts of our country,” she said.
“When we get to the other side of this pandemic, I fully expect that our labor market will come back and be flourishing. That said, we do expect some transitory price increases,” she continues. “The Feds expects that as well.”
“We do not see evidence at the moment that those have become what we call de-anchored so that we expect runaway inflation. That said, we know we have to be vigilant, and we are watching the data. We expect, at the most, transitory inflation. That is what we expect coming out of a big recession,” she added.
In fact, she’s being dishonest. Prices have rising quickly, thanks in large part to the enduring pandemic that most Democrats seem to want to milk forever and ever, and many economists are now predicting they’ll stay high for the foreseeable future.
“Prices for materials like copper, soybeans and oil have been rising to the point that some economists are talking about a new ‘supercycle’ — an event in which prices go high and stay high for years,” NPR reported in March.
And so what will printing money and throwing it into the economy do to add to inflationary pressures?
Here’s an example question: What did a guarantee of student loan money to any and all comers do to the price of college tuition?