By Duncan Smith
The Biden regime and the Marxists who run it have created a one-of-a-kind, never-before-seen economic and labor situation in our country.
At the same time there are a record number of jobs open, there is high unemployment.
At a time when it should be extremely easy for any American who wants a job to find one, we have more Americans purposely avoiding employment.
What the hell is going on?
Well, it’s simple.
The Marxists have de-incentivized employment for millions of Americans. Giving them ‘free money’ in the form of heightened unemployment benefits is keeping them out of the workforce.
Why get a job when you can make just as much or more sitting on your ass at home?
This has led to shortages of goods and products, which naturally increases prices.
Meantime, Biden’s Marxist Party is spending money like drunken sailors in Singapore; more money in the system for where there are fewer goods and products to buy leads to inflation.
So we’ve got a double-whammy inflation scenario in America today that has never happened before.
And more economists, including Stephen Moore, are sounding the ‘inflation tsunami’ warning.
We have some storm clouds that are forming, and a big one is this inflation threat,” Moore told Sunday’s “The Cats Roundtable” on WABC 770 AM-N.Y. “We have to take it seriously.
“The Fed and [President Joe] Biden have to be very alert to: We don’t want to see this get out of control.”
He went on to press the administration and the Federal Reserve to “do something about” about inflation that is already happening.
“We’re seeing big increases in gasoline prices; we’re seeing big increases in food prices, meat prices, produce prices; lumber prices are rising; used car prices are rising; airline tickets are rising in price,” Moore said.
“If we have a continuation of the inflation we’ve seen over the last month, we’re talking about 9% or 10% inflation. Now, I hope that doesn’t happen, but it’s about time the Fed and the Biden administration do something about it.”
He did go on to offer some good news.
“The economy by next month – by my projections and others, as well – will be 100% recovered, which is pretty amazing in terms of our GDP,” he concluded. “We will be producing as much goods and services starting in June as we were back in January of 2020, and that’s a remarkable performance. Trump and Biden deserve credit for that.”
That’s if we can get home boys and girls off their asses and back into the workforce where they belong. Thanks to a number of red states no longer accepting ‘free money’ from the overspending ‘COVID relief’ bills, that should happen.
President Trump is Breaking Down the Neck of the Federal Reserve!
He wants zero rates and QE4!
You must prepare for the financial reset