'Not EVERYTHING Is About Trump': Even Cenk Uygur Has ENOUGH of JoJoFromJerz's BS,...
Just for Fun, Here's Rush Limbaugh in 1992 Shredding Al Gore's '10 Years...
Right. In. Our. Veins! Mark Cuban Pisses Tolerant Lefties OFF Pushing for Free...
Bucks County Commissioner Plays Victim After Getting BUSTED Trying to Steal PA Seat...
Propaganda Alert! ABC News Journo Tries Hard to Blame Trump for Laken Riley...
WHOA! Bill O’Reilly Reveals NBC Desperate to Dump MSNBC PLUS THIS ABC Show...
Spare Us, Snow White: Rachel Zegler Records Horrible Video Full of Narcissism and...
PLEASE Let Them Be This Dumb: Reports Circulate About a HILARIOUS Potential DNC...
Totally Hammered: Animated Lord of the Rings Movie Throws Down the Gauntlet in...
Congratulations: State Rep. Zooey Zephyr Used the Bathroom Today
Brit Split: Ellen Degeneres and Wife Start New Life in Merry Old England...
President Biden Awards Medal of Freedom to Former Planned Parenthood President
Laverne Cox Likens Women-Only Bathroom Policy to Nazism
Two Photos Capture ‘Stark Contrast’ in Foreign Relations Between Biden and Trump
DOGE Co-Efficiency: Musk and Vivek Publish Plan to Cut Costs and Eradicate Government...

Sen. Steve Daines: Trump's Comments 'Clearly Referencing What Will Happen' if 'Joe Biden Wins'

AP Photo/Rebecca Blackwell

"President @realDonaldTrump's "bloodbath" comments yesterday were clearly referencing what will happen to the auto industry if Joe Biden wins in November," tweets Sen. Steve Daines (R-Montana). "It is shocking that the media continues to push such easily disprovable lies to smear Trump."

Advertisement

There is no evidence to support a notion that the current economic calamity befalling the U.S. will not continue if President Joe Biden is reelected. There is no evidence to support a notion that the already calamitous economic situation will not grow worse if President Biden is reelected. What there is evidence to support is that the current economic situation, fraught with rising prices through persistent inflation, is unsustainable.

Affordability is becoming outmoded. The push by Democrats is to spend more, tax more, regulate more, and grow government.

Inflation is the measure of price increases of goods and services in an economy. The Consumer Price Index, a figure published by the Bureau of Labor Statistics that measures inflation, was 3.2 percent as of February 2024 from February 2023. That CPI measurement indicates that the same goods and services are priced 3.2 percent more expensively than they were a year ago. That is more than a percentage point higher than the figure that the Federal Reserve has repeatedly stated is its goal for inflation, 2 percent. There have been 36 CPI figures published measuring the inflation situation since Biden assumed office. Of those 36, 7 were 8 percent or higher; 12 (a full year) were 7 percent or higher; 17 were 6 percent or higher; 21 were 5 percent or higher; 26 were 4 percent or higher; and only one was below 3 percent.

Advertisement

One would be hard-pressed to come up with enough negative adjectives, even with the aid of a dictionary, to describe the high inflation that has occurred since President Joe Biden took office, and the problem of it has persisted because of failed economic policies. Democrats, who have wielded most legislative ability in the federal government over the past three years, have not attempted to apply working solutions to remedy what is an economic calamity. If high inflation is too much money chasing too few goods and services, then it stands to reason that cutting government spending would be a solution to it. But Democrats have pushed more spending.

They could have cut taxes to reduce the financial burden on everyone (consumers, employees, and employers), but they have continued to push tax hikes. High taxes affect everyone and everything in an economy. An employee will take less of his earned income home from work due to a higher tax rate. If a person is living paycheck to paycheck, that person will be forced to make basic, survival-based decisions due to higher taxes. The hiring options for an employer will be fewer and more constrained due to a higher tax rate. A consumer will be forced to eliminate purchases from her budget because the dollars that would have otherwise been used for such purchases will have been paid in taxes, something that will produce a ripple consumption-reduction effect throughout the economy. The quality of goods produced or services offered by a business will be impacted because less money will be available to be spent on the quality of goods and services. Options for consumption and employment will be more limited because investors who would otherwise put capital behind innovative and entrepreneurial endeavors and start-ups will be paying more of that capital in taxes.

Advertisement

There is also the regulatory environment to consider as a contributing factor to inflation. If a business has to allocate more money, more time, more manpower, and more resources to comply with federal regulations, some of which are highly questionable, that business will be left with less money, less time, fewer resources, and less hiring ability. The inevitable result will be fewer jobs, fewer goods produced and services offered, and reduced quality goods and services.

A major problem is that Democrats seem to approach all societal issues through the lens of government. They seem in love with the idea of redistribution. Beyond safety nets for those who very much need help, they have banged the drum of taking from the wealthiest in a confiscatory manner and redistributing it to those who are not considered to be wealthy. But that is not investment. It may be psychologically soothing to think of redistributing the wealth of some to others, but that is not a serious and long-term solution.

Democrats would have been better served to have used their political capital to cut wasteful federal government spending, to reduce taxes across the board, and to eliminate regulatory red-tape.

Join the conversation as a VIP Member

Recommended

Trending on Twitchy Videos