It didn’t take that long, really, eighteen months to wreck one of the best economies relatively speaking – allowing for the whole Covid thing, substantially sabotaged by Agent Fauci et al. Here we are with $5 gas, headed to double digit inflation, a looming recession which will usher in ‘stagflation’ poised to exceed the Jimmy Carter years. And all Joe can do for the raging dumpster fire is throw teacups of water. He’s already shaking his head and admitting he’s powerless to fix it. Pharaoh’s dream is a non-specific but apt analogy. Perhaps it’s something more if you believe in types and patterns. Seven years is a long time in today’s political and economic environment and somehow, given the serious structural fiscal damage done, that might be how long it takes to recover. Seven years might even be optimistic. One might even be inclined to think, that because it was destroyed on purpose, it’ll never be put back together, but if the will were there, it could be. The only question now is, do we want it fixed? That may be determined by your vote, that is, if you still have one, if the left doesn’t succeed it destroying that as well after the mid-terms.
Joe became a sucker for his handlers when they told him he could be greater than FDR and LBJ, Roosevelt and Johnson. Because he had no personal knowledge of how an economy works, he was vulnerable to this kind of hogwash. His far-left handlers were eager to get everything they could in a broad economic smash and grab and leave later generations paying the bills. Trillions for their social change, $1,400 to you in exchange for your vote. Your children pay the bill a hundred times over. Thank Senators Joe Manchin and Kyrsten Sinema that it isn’t exponentially worse as they stood up to their own team.
Kicking off desperate inflation wasn’t a surprise to anyone that knows economic fundamentals. Trump predicted it, I predicted it, lots of fiscal conservatives did so, and yet it was a stunning mystery to Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen, or so they claim. It goes like this: print money, expect inflation. Yellen should be fired for gross incompetence, tomorrow. Powell seems to have awaken and smelled the coffee…a year too late; he’ll go down in history for it.
Otherwise, what should we do? These will not happen under the present administration but if and when they ever do, several measures would have immediate and long-lasting impact: Forsake climate religion and finish an expedited Keystone pipeline. Open all US energy production to Trump year levels. Open bids for oil exploration that were cancelled under Biden. These measures would instantly flatten price escalation in weeks and serious reduction in months. Here’s a biggy; un-spend some of the trillions wasted. When a spending bill is passed, it doesn’t all fly out of the imaginary treasury at once; some of it takes years to ‘spend’. Cancel as much of it as possible. Say, ‘we’re moving in a new direction’. Congress spends and Congress can un-spend.
Recession and even inflation are probably not the worst of our problems right now. There’s more to come. There’s a devastating human toll when broad swaths of a working economy are suddenly knocked offline. Even that pales when there’s a sudden scarcity of essential foods. We’ll see that setting in before the election. People will get angry and yell over inflation, but they’ll riot over food. ‘Seven lean years’.
Note: ** Genesis 41: 1-8 KJV