Biden Looks Like An Even Bigger Fool After International Economic Report

For the better part of June President Joe Biden has said that the United States economy is actually in good shape and that things are worse in “every other major industrial county in the world.”

“First of all, (a recession is) not inevitable. Secondly, we’re in a stronger position than any nation in the world to overcome this inflation. It’s bad. Isn’t it kind of interesting? If it’s my fault, why is it the case in every other major industrial country in the world that inflation is higher? You ask yourself that? I’m not being a wise guy,” Biden said.

As of the writing of this post inflation in the United States is around 8.6% meanwhile in Canada it’s hovering around 7.7%. Last I checked even using woke math (sarcasm) that’s still lower than the inflation rate in the United States.

Actually, inflation is lower in Germany, Portugal, the UK, Mexico, Sweden, Italy, and 13 other first-world countries than it is in the United States.

Fed chair Jerome Powell blew the doors off Biden’s claim inflation wasn’t an issue until Putin invaded Ukraine.

But don’t worry the Biden administration isn’t worried about a recession because there is “wiggle room.”

The Biden administration literally cannot read the tea leaves to see what is going on. Joe’s request for a gas tax holiday is another fine example of the administration’s short-sighted thinking.

If Congress approved a three-month tax holiday it would end in October. That means prices would skyrocket right before Election day.

Not one of the wizards of smart at the Biden administration thought it might be a good idea to make it a four-month holiday to help them during the midterms?

Folks I’ll do you one even better.

If anyone in the Biden administration had half a brain they would propose a gas tax holiday through the rest of the year. Arguing they want to lower prices so Americans can prepare for winter, and keep holiday spending up which would hopefully avoid the recession.

Now, if someone in the Biden administration had a whole brain they wouldn’t have even proposed such a stupid idea because they would understand it would make everything worse.