ThinkCivics News
An educated citizenry is a vital requisite
for our survival as a free people.
Join ThinkCivics+
  • Culture & Society
  • Economy
  • Health
  • US News
  • Faith
  • Science & Tech
  • World News
No Result
View All Result
ThinkCivics News
  • Culture & Society
  • Economy
  • Health
  • US News
  • Faith
  • Science & Tech
  • World News
Join ThinkCivics+
No Result
View All Result
ThinkCivics News
Join TC+
Home Economy

Biden Reveals the Pain Is the Purpose on Gas Prices

RedState by RedState
June 20, 2022
in Economy
Reading Time: 3 mins read
0
0
Biden Reveals the Pain Is the Purpose on Gas Prices

As we reported earlier, Joe Biden went off on a reporter for daring to ask him about economists forecasting a recession. Biden doesn’t like being challenged and he shot back at the reporter, saying no, a majority weren’t predicting a recession, “The majority aren’t saying that. Don’t make things up.” But, of course, the reporter wasn’t making things up, even if Biden didn’t want to deal with the reality that a recession may be looming.

But that wasn’t all Biden said in that exchange. “But all kidding aside, no, I don’t think it is [inevitable],” Biden said. “I was talking to [former Treasury Secretary] Larry Summers this morning and there’s nothing inevitable about a recession.” That may be, but he also missed Summers saying that a recession was likely by the end of next year.

Biden has tried to blame everyone and his mother for inflation and in doing so has shown that either he has no understanding of what causes inflation and/or he just doesn’t want to stop his profligate spending that helped to kick it off.

On Monday, he found a new person to blame for it. Biden has blamed Vladimir Putin’s invasion of Ukraine, making himself look very weak in the process if Putin has that much control over our economy (he doesn’t). But he’s also blamed oil companies, meat producers, and shipping companies, among others. Now, he’s blaming President Donald Trump for his 2017 tax cut.

Biden: We are going to “increase taxes” on “individuals as it relates to Trump’s tax cut, which is inflationary. People going out and buying a yacht doesn’t help the economy a whole lot.”

82% of middle class taxpayers received a tax cut under the Trump tax cuts. pic.twitter.com/8tCogodTnK

— Greg Price (@greg_price11) June 20, 2022

Biden said, “We also can move in a direction that we can provide for tax — increasing taxes on those in the corporate area as well as individuals as it relates to [former President Donald] Trump’s tax cut, which is inflationary,” Biden said. “You know, going out and buying a yacht doesn’t help the economy a whole lot.”

So Biden is trying to blame Trump’s 2017 tax cut for inflation five years later? Neat trick there. But the facts are that after the tax cut, inflation went down. Inflation in 2017 was 2.1 percent. In 2018, it went down to 1.9 percent. In 2020, before Biden came in, it was 1.4 percent. Then under Biden in 2021, it shot up to 7 percent, then 8.6 percent now in 2022. So yeah, Joe, that doesn’t work.

On top of that, not only didn’t the tax cuts cause inflation, they benefitted most middle-class Americans. Not just people buying yachts as the nasty Biden sniped. But Biden has lied about that for years, and continues to do so.

Perhaps most importantly, here he comes again with more taxes — he’s promising more taxes on individuals and corporations which will only make inflation worse and increase the hardship on the American people. He is utterly economically ignorant and/or he simply wants to crush Americans.

Biden went on to say that his team would be meeting with (read: further threatening) oil companies this week. Then, once again, he revealed what an opportunity all this pain was.

Biden: “My mother had an expression: out of everything lousy, something good will happen. We have a chance to make a fundamental turn toward renewable energy, electric vehicles, and across the board.” pic.twitter.com/Si4oJ7ROFg

— Greg Price (@greg_price11) June 20, 2022

“We have a chance here to make a fundamental turn toward renewable energy, electric vehicles, and not just luxury vehicles, but across the board. And that’s something we should be — my team is going to be sitting down with the CEOs of the major oil companies this week,” Biden said.

That’s what it’s about — he keeps saying the quiet part out loud. And if it hurts you along the way to their goal, oh well. Too bad, so sad.

This article was originally published by RedState. Read the original article.

RedState

RedState is an American conservative political blog.

redstate.com/
Tags: Gas pricesinflationJoe Biden

Related Posts

“It Is Very Serious”: War And Weather Threaten To Send Food Prices Even Higher

“It Is Very Serious”: War And Weather Threaten To Send Food Prices Even Higher

July 1, 2022
Report: Americans’ Retirement Accounts Have Lost Trillions – TRILLIONS – In 2022

Report: Americans’ Retirement Accounts Have Lost Trillions – TRILLIONS – In 2022

June 26, 2022

Last year’s July 4th Tweet From The White House Doesn’t Age Well About Biden’s Policies

June 23, 2022

“Economic Hurricane” – Hyperbole Or Real Possibility?

June 20, 2022
Load More
Next Post
The Impact Of Soros-Funded District Attorneys

The Impact Of Soros-Funded District Attorneys

Florida To Go After Parents Who Pay Cartels To Smuggle Their Children Into the US

Florida To Go After Parents Who Pay Cartels To Smuggle Their Children Into the US

Why Is the Army Rushing to Repaint Its Desert-Camo Vehicles Green?

Why Is the Army Rushing to Repaint Its Desert-Camo Vehicles Green?

TODAY'S TOP STORIES

  • Watch As Angry Man Confronts Climate Activist For Blocking The Road

    Watch As Angry Man Confronts Climate Activist For Blocking The Road

    0 shares
    Share 0 Tweet 0
  • Legacy Media Credibility Takes Another Hit as Major Rumor About Justice Alito Is Confirmed

    0 shares
    Share 0 Tweet 0
  • Protesters block, attack truck and horse trailer, driver runs them over

    0 shares
    Share 0 Tweet 0
  • Adam Kinzinger Can’t Handle It When Brit Hume Serves up Some Truth About the J6 Committee

    0 shares
    Share 0 Tweet 0
  • Mic DROP! 18-year-old white male DECIMATES white liberal female doctor for making fun of alt-right white middle school boys

    0 shares
    Share 0 Tweet 0

‘Zero Trust in Our Government’: Spouse of WNBA Player Jailed in Russia Blasts Biden Administration

by ThinkCivics Newswire
June 22, 2022
0
‘Zero Trust in Our Government’: Spouse of WNBA Player Jailed in Russia Blasts Biden Administration
National Security

Joe Biden's ineptitude knows no bounds. As Obama famously said, "Don't underestimate Joe's ability to f*ck things up." So it's...

Read more

State Dept ‘racial equity’ czar said white colleagues too ‘protective of US, lack ‘humility, empathy’

by ThinkCivics Newswire
June 21, 2022
0
State Dept ‘racial equity’ czar said white colleagues too ‘protective of US, lack ‘humility, empathy’
National Security

A 2020 podcast episode with Desirée Cormier Smith resurfaced after the U.S. State Department appointed her on Friday to serve...

Read more

More countries looking at nuclear weapons programs because of Russia

by Hot Air
June 21, 2022
0
More countries looking at nuclear weapons programs because of Russia
National Security

Over the past year, we have seen multiple nations including the United States conducting tests of their nuclear-capable weapons delivery...

Read more

22 Democrats who voted against extra security for SCOTUS justices approved it for themselves after Jan 6

by ThinkCivics Newswire
June 15, 2022
0
22 Democrats who voted against extra security for SCOTUS justices approved it for themselves after Jan 6
National Security

Ahead of the highly anticipated decision that could overturn Roe v Wade, the House passed a bill on Tuesday to...

Read more
“It Is Very Serious”: War And Weather Threaten To Send Food Prices Even Higher
Economy

“It Is Very Serious”: War And Weather Threaten To Send Food Prices Even Higher

by Zero Hedge
July 1, 2022
0

US agriculture executives are warning that war and extreme weather have put global food supplies in danger as skyrocketing food...

Read more
Report: Americans’ Retirement Accounts Have Lost Trillions – TRILLIONS – In 2022
Economy

Report: Americans’ Retirement Accounts Have Lost Trillions – TRILLIONS – In 2022

by The Political Insider
June 26, 2022
0

As if day-to-day living expenses weren’t depressing enough, a quick peek at your 401(k) statements might prove to be too...

Read more
Last year’s July 4th Tweet From The White House Doesn’t Age Well About Biden’s Policies
Economy

Last year’s July 4th Tweet From The White House Doesn’t Age Well About Biden’s Policies

by ThinkCivics News Staff
June 23, 2022
0

Last year, the White House tweeted one of the most famous tweets of all time. Prices for gas and groceries...

Read more
Biden Reveals the Pain Is the Purpose on Gas Prices
Economy

Biden Reveals the Pain Is the Purpose on Gas Prices

by RedState
June 20, 2022
0

As we reported earlier, Joe Biden went off on a reporter for daring to ask him about economists forecasting a...

Read more
Facebook Twitter RSS

Brilliantly

SAFE!

thinkcivics.com

Content & Links

Verified by Sur.ly

2022

Recent News

  • Confused Biden: ‘Which Way Do I Go?’
  • Americans Are Not Proud of Their Country, Says Fox Poll, But There’s Hope
  • SCOTUS Finally Pushes Back on ‘Protests’ at Justices’ Homes

Category

  • Culture & Society
  • Economy
  • Editorials
  • Education
  • Elections
  • Energy
  • Environment
  • Faith
  • Health
  • Immigration
  • Military
  • National Security
  • Politics
  • Science & Tech
  • US News
  • Videos
  • World News

© 2022 ThinkCivics Media. All Rights Reserved.

  • Login
  • Sign Up
  • Cart
No Result
View All Result
  • Home
  • About
  • Store
  • Contact Us
  • Join
  • Contribute

© 2022 ThinkCivics Media. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.