1 YEAR AGO: Joe Biden Said Inflation Would be ‘Temporary’
One year ago today, Joe Biden told the American people he expected inflation “to be temporary.”
July 19, 2022
“Our experts believe, and the data shows, that most of the price increases we’ve seen were expected and expected to be temporary,” Joe Biden said one year ago today.
Flash forward to July 2022, and Americans are grappling with:
RealClearPolitics: “From the president to his press secretary, the White House insisted that long-term inflation was unlikely. And the word they started using last summer to describe the phenomenon they hoped would be temporary was ‘transitory.’ Inflation has instead stayed high for 13 back-to-back months. In that time, the administration blamed a number of causes from the lingering pandemic to a land war in Europe.”
Instead of heeding outside economists’ warnings about inflation this time last year, Democrats in Congress and the Biden administration plowed forward with their reckless spending agenda that experts have since deemed to be the “original sin” that led to inflation.
RealClearPolitics: “Larry Summers warned for months that trillions in COVID relief spending risked overheating the economy and driving up inflation, but the White House didn’t listen to former President Obama’s longtime economic advisor. They aren’t listening now either as Summers, the economist who got inflation right, is warning a recession is on the horizon.”
Now, Democrats – particularly those in competitive races – are spending their time trying to trick the American people into believing that their party, which controls the White House, the Senate, and the House, is not responsible for rising prices.
Bottom line: Americans remember what their pocketbooks looked like before and after Democrats took over Washington, and they will make their voices heard at the ballot box this November.
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