Biden created our Inflation!

Mandates + $$$$ = labor shortage = supply chain crisis + cheap money = Inflation

Biden’s policies are the major contributing factor to our record inflation rate. Here is a partial list of those policies:

1. The Biden administration and many democratic states have continued to keep the US locked down due to Covid. Workers are told to get vaccinated or get fired. Masks are required, even outdoors. People do not like wearing masks for 8 hours at work. Test kits are not available. Antiviral drugs are not approved and/or not widely distributed. Often, doctors do not have the drugs needed to fight Covid. All these factors have caused a labor shortage. The good news is that the US Supreme Court recently struck down the Biden workplace vaccine mandate.
2. Many public schools were closed for 2 years! Kids are trying to learn from home. Parents had to stay home to help teach their children and thus could not go back to work. Another cause of the labor shortages.
3. Biden continues to payout “Covid relief” money. This comes in many forms, like direct cash, rent relief, a “pause” on student debt, enhanced food stamps (SNAP), child tax credits, and many others. Millions of people have dropped out of the US workforce. They do not have to work. All major internet job search sites report significant declines in search activity when government checks arrive. People stay home. This has caused a huge labor shortage.
4. Labor shortages have caused supply chain issues. Durable goods are in high demand, but producers do not have enough workers to meet the demand. Same with food. This causes high demand for goods which push prices up. That is simple supply/demand economics. Inflation is often defined as being “higher demand for goods than the supply.” Also, our transportation system is short workers. Truckers were forced to get vaccines and wear masks. Many refused, and thus are not working. Our economy “runs” on trucking. Truckers are essential workers. Truckers also received “free stuff” from Biden and are not working!
5. Biden killed the Keystone Pipeline providing the US with oil from Canada. Biden also issued new regulations on nuclear power plants and coal fired power plants. Biden also stopped oil exploration and drilling on federal land. Now the US is dependent on oil and gas from outside the US. The price of oil has risen from $37/barrel when Biden took office to $89/barrel today. Biden’s policies caused the energy sector to stagnate production domestically and thus we were forced to import fuel from aboard. Fuel prices affect prices of all goods and services. This is especially true for food. Period!
6. Mega (trillions) spending bills passed by the democrats under the guise of Covid relief and infrastructure created “free” money flooding the US economy. Cheap money causes inflationary pricing. When the Federal government is funding mega projects, the prices of goods and services go up! It also creates higher demand for labor, which causes wages to go up. Wage increases are usually passed along to consumers in the form of higher prices. Period!
7. The Federal Reserve has kept interest rates at record low rates. Again, “free” money or low-cost money. Low interest rates “falsely” create high demand for cars, housing and even leads to credit card debt. Of course, the Fed has to raise interest rates this year, but Biden and the democrats are opposed to that. Economists know that a raise in the interest rates must happen soon, but it will slow down the economy and slow economic growth. 2022 is an election year and the democrats need favorable economic trend data. This will not occur. The Fed will raise interest rates in 2022 perhaps 2-3 times. Too bad for Biden!