Sen. Kennedy Perfectly Punctures the Biden Team for Giving Up on Inflation and Gas Prices – Opinion

Biden seems to be giving up on tackling high gasoline prices and inflation.

Treasury Secretary Janet Yellen has changed her tune from calling it “transitory” to saying that she expects it to persist for a while.

From the WSJ

“I do expect inflation to remain high, although I very much hope that it will be coming down now,” Ms. Yellen said, adding that the Biden administration was updating its forecast from March that inflation would average 4.7% this year. Consumer inflation has been above 8% in recent months. “The numbers aren’t locked in, but it’s likely to be higher” than the initial 4.7% forecast, she said.

“Hope” is not a strategy.

It isn’t looking very good.

“Several years of above-average inflation and below-average growth now seem likely,” David Malpass, president of World Bank Group, told reporters. “The risk from stagflation is considerable.”

Is there any hope for those high gas prices? It’s not so. Let’s listen to Biden’s Commerce Secretary Gina Raimondo.

Raimondo first deflected, using the Administration’s talking points that it was the fault of Vladimir Putin. Then she said Biden was asking Congress for ideas, but “the reality is that there isn’t very much more to be done.” They don’t actually want to do anything because it would interfere in that “incredible transition” Joe Biden was talking about to a fossil-free environment.

Sen. John Kennedy (R-LA) sums up the Biden Administration’s response, as only he can. It’s hard to beat Kennedy when it comes to the folksy quotable. “When I feel inadequate, I just look around. On really bad days, I see liars, and frauds, and meatheads in every direction.” Kennedy said this is what the Biden-Harris D.C. has given the American people.

He noted that Yellen had conceded inflation is not transitory, but still, Biden continues to push for more “economic chaos” by wanting to tax and spend more. Meanwhile, he said, “The price of gas is so high that it would be cheaper to buy cocaine and just run everywhere.” In the middle of all this “murk and mayhem” Kamala Harris says she has discovered the root causes of illegal immigration. American corporations should invest $3 billion to support Central American businesses, she says. There is nothing more powerful than “self-delusion,” Kennedy said of Kamala Harris’ opinion. Kennedy stated that the reason people come in is because she and Biden allow them to enter. “Enforce the law,” he demanded. “Do what we were doing the day before you took office.” “The American people understand that,” Kennedy observed. That’s why Biden “is about as popular right now as a sinkhole.” Perfectly put.

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