While the Federal Reserve continues to hold interest rates
and the inflation rate stays above 2%, President Biden's
popularity sinks like a stone in a body of water. The White
House posted a video showing Biden raging about shrink-
flation, offering as an example food companies shrinking
their package size in order to cut costs. You would think
that the number of chips in a bag of, say, Lays potato chips
or Fritos corn chips would be too ticky-tacky for the
POTUS, but never underestimate the ability of Biden to
use anything he can get his mitts on to castigate businesses,
completely unaware of how it shows his boundless ignorance
of how businesses function in providing goods and services
and how they drive the economy. Here, Biden blames not
government --- certainly nor his wild spending programs! ---
but the private sector, especially businesses, for which
far left-wingers like himself harbor an ideological hatred
for our country's business community, for the worst inflation
which our country has had in over forty years.
And they want us to believe that our economy is in the
best shape that it has ever been in because of their interaction
with it??
But Biden and his cohorts got one thing right: Inflation,
as an economic phenomenon and as an issue, will not go
away anytime soon.
Nor will his growing unpopularity.
MEM
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