Moore to the Point – Days Late, Dollars Short – Opinion

Note: This “Moore to the Point” commentary aired on NewsTalkSTL on Thursday, June 2nd. Below is audio.

The Wall Street Journal published on Monday an OpEd written by President Biden and, possibly, his handlers, detailing his three-part strategy to combat skyrocketing inflation. He states that he won’t interfere with the Federal Reserve. Well, okay, I guess it’s good that he’s not going to do something he’s not supposed to be doing, to begin with. I’m sure Jerome Powell thoroughly enjoyed the President’s non-meddling when they met Tuesday afternoon at the White House.

Second, President Biden promised he’ll be taking “every practical step to make things more affordable for families.” Very little in the way of detail on what that actually means, but it does cause me to wonder A) Is he acknowledging he wasn’t doing this before? Then there’s B. What about singles. Don’t get me wrong – I’d like my family to not be paying out the wazoo for gas and groceries, but last I looked, single people pay for these things – and vote! – too.

Third, Biden insists: “We need to keep reducing the federal deficit” to ease price pressures, insisting the key to this is common sense tax code reforms. You could, although this may sound crazy, consider reducing spending.

I’m no economist, but to me, this all seems a day late…and a lot of dollars short.