Posted on February 15, 2022



Cold-Blooded Biden

Empathy, not inflation, is transitory


Daniel Clark



Since the beginning of last summer, National Economic Council director Brian Deese has led the Biden administration's efforts to dismiss our rapidly rising inflation rate as "transitory," which is really just a pointy-headed way of saying ignore the problem, and it'll go away. President Biden himself has instead referred to the problem as "temporary," which is presumably a translation of "transitory" into no-malarkey, so that all his fellow Amtrak-riding working stiffs can understand. (Has he ever actually checked the prices of Amtrak tickets?)

The two words are roughly synonymous, except that the duration of something that's temporary is open-ended, whereas "transitory" is more restrictively defined as being "of brief duration." The president's semantic shift seems to acknowledge the fact that America's inflation problem is not going to cure itself anytime soon, yet he dismisses it all the same. It's not hard to understand why. When your agenda consists of frivolously spending trillions upon trillions of dollars that don't yet exist, the last thing you can afford to do is concede that something must be done to curb inflation.

As if in competition for the most absurd denial of reality on the subject, Jason Furman, former economic adviser to President Obama, tweeted, "Most of the economic problems we're facing (inflation, supply chains, etc.) are high class problems," a statement that was enthusiastically endorsed by Biden chief of staff Ronald Klain. In an interview with Bill Hemmer on Fox News, Furman defended his claim by saying, "The reason we have this inflation is actually a good reason: that the unemployment rate has come down, that families got money, and people are buying more things than ever before. The problem isn't that the ports stopped working, it's that people are buying so much stuff that so much is trying to come through our ports right now." So all you oafs and serfs out there in middle America have no reason to complain about a 7.5 percent inflation rate, because it has all been caused by your own conspicuous consumption. The truth be known, you've never had it so good.

It should come as no surprise that Furman was the chairman of the Obama-Biden administration's Council of Economic Advisers, because his remarks are as out of touch as most of the Democrats' attempts to connect with those they perceive as the common folk. It was at a 2008 campaign stop in Iowa that candidate Barack Obama, his fingers ever on the pulse of the nation, asked, "Anybody gone into the Whole Foods lately and see what they charge for arugula?" But of course. That's the first thing most Iowans do, after taking the Amtrak home from work. They hop in their electric cars and make a beeline for Whole Foods to stock up on arugula, soy milk, and roasted crickets.

That kind of detachment should have been expected from Obama, but Biden, who made "empathy" the cornerstone of his presidential campaign, ought to know better. Then again, if he did, he would never have gone along with Obama's callous economic policies. When Biden was vice president, his boss coldly informed us that if he could implement his cap-and-trade system of punishing energy producers for CO2 emissions, "electricity rates would necessarily skyrocket." Obama's response to rising oil prices was to lecture Americans on the importance of keeping their tires properly inflated. He shrugged off alarming unemployment rates by blaming them on airport kiosks and ATMs. Where was his right-hand man, Mr. Empathy, to set him straight?

As president, Biden has accelerated Obama's attempts to spur economic growth through previously unimaginable amounts of deficit spending, because the government's needs, unlike yours, must be addressed immediately. The executive branch might be down to its last handful of economic councils, for instance. Anybody who can tell the difference between his wife and his sister ought to know that putting vast amounts of new money into circulation is bound to be inflationary. Joe Biden knows, too. It's just that he doesn't care.

Sure, the inflation rate is the highest it's been in four decades, but it's not as if it really affects you non-high class people. Besides, you've caused it to happen with your big-spending materialistic obsessions, like buying food and gasoline, and heating your homes. If only you were able to exercise a little more self-control, like your superiors in Washington. Still, it's only temporary. Pretty soon, you and your insufficiently inflated tires will be driving over to Des Moines for the state arugula festival, and living it up, as usual.



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