Roger Froikin @rlefraim wrote, "PRESIDENT BIDEN CLAIMS INFLATION IS TEMPORARY BECAUSE IT IS ALL ABOUT SUPPLY LINES.
WRONG.
1)
WRONG.
1)
Inflation is primarily because of the cost of energy, principally oil, & that was cost by Biden’s cutting oil & gas production by 30% and the closure of pipeline projects. Same thing happened in 1979. Fuel costs double and the cost of transport is in everything in the market.
2)
2)
The second cause of inflation is too much money in the market because of Government, at the same time production worldwide has not yet fully opened and the delays in reopening and building inventories.
3)
3)
The mistake started with stimulus payments to the whole population rather than focus on those out of work and having no income.
4)
4)
And the third cause is a lack of confidence in the future and in government that seems more interest in power and control than in rational solutions to problems.
5)
5)
Biden is wrong. Why he is wrong is the question we need to ask. Is it stupidity - his and his whole administration - or is it something deeper."
6)
6)
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