Biden, Biden, Biden!
When the truth takes a backseat!
It is one thing, and a very sad one indeed, to see anyone addled and losing their ability to think clearly. But it is more than sad when the affected person’s inability is felt in the realm of policy and in our civic life.
It is a danger.
President Biden’s confusion has gone far beyond fodder for cable news commentators. And it seems that his befuddlement is compounded by even the written remarks his staff prepare for him, because they have developed a supreme and wanton indifference to the truth of the things they write for him to say.
Stephen Moore writes that at a recent stop on the campaign trail in New York, Biden took credit for the gas price dropping to $3.39 a gallon. That is “down from over $5 when I took office,” said the President.
Not even close. Moore points out that when Biden was inaugurated, the average gas price was $2.42. And even as Biden spoke the price of gas was 10 percent higher than he said.
Then Biden went on to explain that $7 gasoline “has always been the case in California.”
Again, not even close. Sure, gas briefly hit $7 in Beverly Hills and in a couple of other spots, but in simply has not “always been the case.”
Actually, the salient feature of this California retail gas price chart is that gas prices began their relentless climb shortly after Biden’s inauguration. That’s no surprise. Biden cancelled the Keystone Pipeline on his inauguration day. Seriously. On inauguration day.
The President also recently came up with this one: “Today, my administration announced that this year the deficit fell by $1.4 trillion — the largest one-year drop in American history.”
We’ll let Moore respond to that one:
“Joe Biden has spent and borrowed more money in his first twenty months in the White House than any other president in history. He’s already increased spending over the next 10 years by well over $4 trillion.
“We went back and looked at what the Congressional Budget Office baseline was the month Biden left office and compared that to Biden’s fiscal results so far. The first chart below shows he has ALREADY added just shy of $900 billion to the amount the feds would have spent and borrowed if he had simply done nothing.”
There are so many more. Remember the one about the economy having “zero percent inflation in July… Zero percent!”
You can see the work of a clueless staffer who sent a clueless man out to meet the press with that one.
We don’t intend to go any further. We are not going to curate Biden’s material misstatements of economic reality. But if someone wants to, fine. It’s a growth industry! There’s room for everyone!
As for us, we prefer to insulate ourselves from the foolish and fraudulent in Washington. That’s why we own gold. And why we recommend that you do, too.
Speak with a Republic Monetary Affairs gold and silver professional today.