At the most troubling level, Joe Biden believes what people tell him to say for the reason they tell him to say it. This reality underscores the reason why Barack Obama’s network selected Biden as their disposable front man in 2020. Biden sounds convinced, because Biden is convinced. He’s wrong, factually and fundamentally wrong, but he believes what he repeats in public.
The most painfully obvious examples of this dynamic are present when Joe Biden explains economic things based on what other people have told him. The guy really is the modern personification of the naked emperor parading around to show off an invisible coat that he genuinely believes he’s wearing. The self-deception would be embarrassing except for the fact he is only deceiving himself; so people laugh…. but this is dangerous.
Questioned today about inflation, Joe Biden starts talking about his Build Back Better program. It really is worth watching to see how oddly emphatic he is in the belief that if government pays for a thing (childcare, healthcare, prescriptions) the cost of that thing somehow mysteriously disappears.
Biden believes that if government subsidizes something there is no longer a cost associated with it. He believes this.
Setting aside the historic fact/truth that anything government pays or subsidizes ultimately costs more, the real cognitive dissonance in Biden’s worldview is that any cost associate with a ‘thing‘ disappears if the government pays for that ‘thing’. From that bizarre viewpoint, the disappearance of public expense for that government subsidized thing then creates “deflation”, or a lowering in overall prices.
This claim is abject nonsense. Truly and genuinely batshit crazy nonsense.
Example. According to Joe Biden’s talking point: if government pays for college education, the price of a college student’s car drops. It doesn’t. To make that claim is absurd in the extreme. The college student may have more money to pay for a car if they are not paying for tuition, but the car itself doesn’t change in price.
A person may have more money to pay for groceries if they are not paying for childcare expenses, but the price of the groceries doesn’t change. The inflation on the prices of products at the grocery store does not change just because some families no longer have daycare expenses. But Joe Biden believes it does.
Regarding the price of something once government starts subsidizing that something, consider this:
Notice the correlation between the affordability of something once the government starts subsidizing it?
Perhaps the worst part of Joe Biden’s policy implementation is his actual belief in it.
This is what happens when your entire life is centered in a bubble or echo-chamber of academics, politicians and think-tanks that have no connection whatsoever to Main Street and common sense. This is also why lobbyists are effective. Lobbyists can bullshit the gullible politicians into believing just about anything, because the people who are at the highest level of politics are genuinely clueless about Main Street.
We are so screwed….
….please prepare your affairs accordingly.
Well Joe The Economist Biden has been bullshitting the American people for going on 50 years. Guess what tho’- nothing is a more effective bullshit repellent than an empty wallet and no gas in the tank, and a shopping cart 1/8 full. The jig is up Joey Little Girl Sniffer.
“We are so screwed….
….please prepare your affairs accordingly.”
End of message – FJB
You mean he didn’t blame Trump yet?
The nevertrump cult predicted it…
“When Trump was running against Hilary in 2016, they tried to say that his immigration policies would create food inflation, and food shortages for Americans.
“In many ways Biden has become exactly what they feared most about Trump.”
The Marxist D’s and R’s (Uniparty) are being/doing Exactly what they accuse President Trump of being and doing. No IF and Butts about it!
Leaked Audio Call from the White House on Religious Exemption from Vaccination
J & J has fetal cells IN THE VACCINE
Sign in for a free account
https://www.theepochtimes.com/facts-matter-oct-22-audio-leaked-from-white-house-shows-doj-acknowledge-pro-life-exemptions-to-mandate_4064232.html?&utm_medium=email&utm_source=epromotion&utm_campaign=etv-2021-12-09
I hate unsubstantiated conspiracy theories. Having said that, I read a piece today from a site that is convinced the Joe Biden in this video is a body double. Why? Biden has a rounded ear lobe, and this guy has an attached one. Anyone have any idea if this is possible on a single person.
I hate politics.
It’s from his plastic surgery he had when he decided to run for president. Not a double, but it definitely altered his appearance from before.
Have you noticed his hair plug part seems to change almost daily?
Oh, and…. FJB!
One third of inflation is due to the price of used cars? What a fricking moron.
What a buffoon. He had to stop answering questions; his diaper needed changing. You could tell by the way he walked out.
Joe may be a clueless idiot wadling in his filled diapers, but he intends to do us harm.
Think of it as Mueller pretending to be incompetent and then taking a job to teach a college class about his competence as Special Counsel.
Pretending that they are good and that you are good for supporting them is all part of the gaslighting.
Pretending that their evil policies will help and then pretending to not know why things aren’t working is also part of the gaslighting.
Demonizing their enemies and blaming the enemies for the hell that they created moves past gaslighting.
Rabble rousing the crowd to destroy those enemies and the country is what they intended from the start with their evil plans.
But the end goal has always been a fascist/communist/(whatever flavor of the month) tyranny over enemies and willing dupes.
Only a dupe will fall for these schemes. Unfortunately, they took over the schools and have been mas producing dupes with diplomas.
“Single acts of tyranny may be ascribed to the accidental opinion of a day;
“but a series of oppressions, begun at a distinguished period and pursued unalterably through every change of ministers, too plainly prove a deliberate, systematic plan of reducing [a people] to slavery.”
–Thomas Jefferson: Rights of British America, 1774
In other words,
when a child as student plagiarizes or gets answers to teachers questions from other students
( and those students do the same…and laugh about it… )
…then actually learning and thinking life’s lessons through – gets bypassed.
So,
they reap ( not much )
what they sowed ( not much )…
repeating itself 30-50 years later… ( only in a different environment )…
And others can see the costs ( and wastes )… in a variety of miss manifestations…
Imho
First semester Econ 101 – Excessive Gov’t spending ALWAYS causes inflation. Guess Joebama skipped that class along with all the others regatding sound policy.
While inflation is and will be bad, I think inflation is the least bad thing that is widespread that might wake people up. It’s not kinetically deadly. And personally as a generally frugal person, I don’t need the latest greatest techno gadget every few months. Most of my shopping is at thrift stores. I can reasonably retrench and hunker down. I’m hoping there are lots of idiot lefties who aren’t as nimble and will be all upset when they can’t get the latest gadget.
Can’t buy groceries and gasoline and health insurance at thrift stores. Otherwise, you are spot-on.
I agree and am with you 100%.
What if Joe suddenly dies/has to etire and a new POTUS comes in and reverses all this ?
And then that new POTUS is hailed as the saviour and all the mess is blamed on a senile old man who didnt know what he was doing, “but tried his best”?
Dont know who the new one will be…
It won’t be a Marxist and that’s what matters at this point in time. hope it happens very soon.
2h
Biden is making his first appearance on late night TV tonight since becoming President. Who’s ready to watch him say nonsense for an hour and everyone just laughs it off like it’s normal?
BY THE WAYIF YOU GET COVID AND END UP GOING TO HOSPITAL–
If you sign an admittance form, you may not know it but in the fine print the hospital is given the permission to administer Remdesivir (“Rem-death-ivir”) and put you on a ventilator without your knowledge. Everyone should have a document (notarized) ready that states that you will not give permission to be given that toxic drug or placed on a ventilator.
thedrardisshow.com
This could save a life, maybe yours.
Good luck with that.
Anyone not stockpiling necessary items and eliminating debt is already in deep trouble. People survived years ago by what they grew and what they raised. Still possible. Of course now you have to be prepared to defend what you have.
“Truly and genuinely batshit crazy nonsense.” End of sentence! Full stop!!!!
“What is inflation all about? We’re paying more for what we need.”
We’re paying more for used cars and insulin and day care…
Umm…no, Joe.
“[I]t is not the way in which the money is spent, it is the way in which the government obtains this money that brings about those consequences we call inflation…”—Ludwig von Mises
And how was the money government spent obtained? They borrowed 40 cents for every dollar they spent.
And who loaned the money? The Federal Reserve was very active in purchasing government debt.
And where did the Fed get the loan money? They printed it.
Never believe their smooth lies! Inflation is always and everywhere a monetary phenomenon.
I’ve seen that graph a couple of times in the past, and every time, including now this one, it is just gobsmackingly powerful. Wow.
The United States of Bidenville: Debt Dreamers Welcome.
Suenos de los pobres…
Charts: Household/Biz/Gov debt, historic recessions…
https://www.jsmineset.com/2021/12/02/jims-mailbox-2753/
If anyone ever wondered why college tuition has reached the level it has wonder no more. Easy gov money….
Yeah, nothing like paying for you’re own brain washing with one of those quarter million $ $tudent loans that will, … maybe, get ya job at Mc D’s or the local car wash.
He would be right if government spend was actually tied to collected taxes.
It would actually be in the same pot without increasing money supply.
If anything it might be slightly deflationary as any spending abroad (aid) could be seen as reducing the money supply – assuming that it is not repatriated by purchasing goods.
As we have fiat currency and spending is decoupled from reality it is absolutely inflationary.
Let’s not forget that if tax companies that produce things that people buy to pay for government services and give-aways, those companies pass along those taxes by increasing the cost of those things. When the cost of things people buy goes up, it’s called inflation.
Also impacting the cost of things people buy is the supply of money. For simple math, assume there is $60 trillion dollars floating around in the economy. If the government prints another $6 trillion to pay for BBB and the infrastructure bill shortfalls after taxing the rich and companies (above), all of the money is now worth 10% less. So the producers of those goods and products need 10% more dollars to produce the same items that people need. Like passing along the additional taxes, companies pass along the additional dollar cost to produce their products. If everything costs 10% more to buy – that’s inflation.
This is beyond the ability of our semi-cogent Imposter in Chief to grasp.
Inflation is solely driven by the printing of money. Peking Biden is a venal lying pony dog soldier.
“Crowding out” is a thing.
Yup, he’s not even good for a laugh any longer.