Biden is hellbent on pushing the green agenda without offering relief for Americans. Inflation is still surging after Biden promised it was ‘temporary’ but now we’re entering summer and those summertime gas prices haven’t even hit yet.
While speaking to Fox News’ John Roberts Money analysis Charles Payne shredded Biden for putting his personal agendas ahead of American Families:
JOHN ROBERTS, ‘SPECIAL REPORT’ ANCHOR: [Rising commodity prices are] a huge burden that cuts across the entire social strata of America.
CHARLES PAYNE, ‘MAKING MONEY’ HOST: Everyone in the country feels it. Every single person — obviously, some more than others. It’s a progressive tax.
Back in March, they crunched the numbers and they said it came out to an average tax of $5200. Inflation has quickened since then, so let’s probably think it’s probably around a tax of about $5,500; about 40 to 50 bucks a month. And Americans are feeling it. It is so debilitating. It is so crushing.
But it adds insult to injury when you say, well, ‘this is all about Russia, this is all about ultra-MAGA, This is all about Ukraine being the breadbasket of Europe’ — No, this is about not unleashing our breadbasket, not unleashing the oil under our feet, putting the climate agenda in front of the American public, in front of middle class and poor Americans.
It is a despicable thing and they’re going to pay a heavy price for it, but I don’t get any satisfaction out of that. People are suffering right now.
PAYNE: Let me tell you what’s hurting us: Natural gas is a key component for fertilizer. When natural gas goes up the way it’s gone up in America, fertilizer prices go up. Guess what else goes up out of that? Food prices.
It only gets worse:
Biden is pushing the Fed to raise interest rates. This affects loans, credit cards, and homeowners. He’s pushing it as a solution to inflation but they’re not explaining how. “There are things we can do and we can address. That starts with the Federal Reserve, which plays a primary role in fighting inflation,” is what Biden claimed.
He’s not wrong in some ways… The plan to raise interest rates is to slow consumer spending—Less money, less spending, less demand.
It’s a screwed-up plan that puts way too much faith in the Fed and only hurts the working class who live paycheck to paycheck now. If they’re wrong and raise it too much they’ll knock us into a recession.