mark francis
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Biden Apologists Ignore the Damage Already Done (amac.us) 1-26-24
Biden Apologists Ignore The Damage Already Done
Posted on Friday, January 26, 2024
Three years into the Biden presidency, the federal government’s estimated annualized interest payments on the national debt now exceed $1 trillion.
For purposes of comparison, the Biden Administration requested just $773 billion for the Department of Defense for 2023.
That worrisome development isn’t bad luck or coincidence. It’s a direct consequence of Biden’s policy choices since entering office.
Specifically, Biden campaigned in 2020 on a soothing theme of restoring normalcy and moderation to the nation. In office, however, he immediately and unrelentingly governed from the extreme left, with reckless spending and hyperregulation. As a consequence, inflation reached unsustainable highs, which in turn necessitated higher interest rates, which in turn has punished consumers and brought the cost of paying interest on the national debt to over $1 trillion.
Facing increasingly grim reelection prospects, however, Biden and his advocates seek to convince exhausted American voters to stay the course with incremental improvements.
The problem with their “happy days are here again” persuasion tactics is that they ignore three years of accumulated damage already done.
Voters don’t start each day with a “Day Zero” clean slate. Rather, voters begin each day, each week, each month and the new year 2024 with a working memory of what has brought them to this point.
Voters remember 2019. They remember low inflation, which was just 1.4% when Biden entered the White House in January 2021. Consequently, they’re understandably impatient with Biden administration attempts to cast 3.4% inflation as some sort of “victory” simply because it happens to be down from 9.1% highs that it reached in the second year of his presidency even while he assured us that it was “transitory.”
Indeed, Biden apologists continue to label inflation “transitory,” which is an odd definition for something that has persisted for three long years now, punishing working-class Americans who must spend a higher percentage of their income on basics like food and shelter and gas than wealthier Americans who can more easily withstand that blow.
Biden nevertheless casts himself as the candidate who builds wealth “from the middle out and the bottom up?”
Voters similarly recall low gas prices, which were $2.39 per gallon in January 2021. They remember when Russia took a four-year break from invading neighboring countries.
Biden Apologists Ignore The Damage Already Done
Posted on Friday, January 26, 2024
Three years into the Biden presidency, the federal government’s estimated annualized interest payments on the national debt now exceed $1 trillion.
For purposes of comparison, the Biden Administration requested just $773 billion for the Department of Defense for 2023.
That worrisome development isn’t bad luck or coincidence. It’s a direct consequence of Biden’s policy choices since entering office.
Specifically, Biden campaigned in 2020 on a soothing theme of restoring normalcy and moderation to the nation. In office, however, he immediately and unrelentingly governed from the extreme left, with reckless spending and hyperregulation. As a consequence, inflation reached unsustainable highs, which in turn necessitated higher interest rates, which in turn has punished consumers and brought the cost of paying interest on the national debt to over $1 trillion.
Facing increasingly grim reelection prospects, however, Biden and his advocates seek to convince exhausted American voters to stay the course with incremental improvements.
The problem with their “happy days are here again” persuasion tactics is that they ignore three years of accumulated damage already done.
Voters don’t start each day with a “Day Zero” clean slate. Rather, voters begin each day, each week, each month and the new year 2024 with a working memory of what has brought them to this point.
Voters remember 2019. They remember low inflation, which was just 1.4% when Biden entered the White House in January 2021. Consequently, they’re understandably impatient with Biden administration attempts to cast 3.4% inflation as some sort of “victory” simply because it happens to be down from 9.1% highs that it reached in the second year of his presidency even while he assured us that it was “transitory.”
Indeed, Biden apologists continue to label inflation “transitory,” which is an odd definition for something that has persisted for three long years now, punishing working-class Americans who must spend a higher percentage of their income on basics like food and shelter and gas than wealthier Americans who can more easily withstand that blow.
Biden nevertheless casts himself as the candidate who builds wealth “from the middle out and the bottom up?”
Voters similarly recall low gas prices, which were $2.39 per gallon in January 2021. They remember when Russia took a four-year break from invading neighboring countries.
