Inflation continues to worry us. As usual, the press contributes to misinformation and paranoia. I guess you can't sell newspapers unless there is a crisis. One misleading practice is for the press to write lists of price changes. How could that be misleading? The reason is that they produce a very long list of things rising whose prices are rising fast. Food is a good example. Food is just one part of the price index. But if you list 20 different food items it is going to look like "everything" is rising. Yes, food prices are rising and that is impacting people. But as I wrote last week, the price of Medical Care was rising much slower. Why doesn't the press identify all the parts of Medical Care too? Not so much fun for them.
I love the way the politicians are talking about this now. Geez -- Biden and his buddies have finally discovered inflation. As they walked and whistled and raised spending by amounts that would certainly cause much higher inflation, now they are riveted on solving the inflation problem. Of course, they still won't accept blame for causing it, finding it much easier to blame a guy named Covid.
Yes, mom I was drinking and driving at an unsafe speed but Joey turned on the radio and that's why I drove into that Safeway fruit department. I am kinda bummed now that I can't buy bananas. Damn Safeway. They never have enough bananas.
What is so ludicrous is that Biden and Buddies claim they are now focused on how to reduce inflation. Now they are riveted! They are going to save they day. He will ride in on his turtle and slay the inflation dragon. The last article I read said that he is going to resolve all those supply issues. That Covid thing caused a bunch of supply issues so he is going after Covid and Calvin or somebody.
What does he or his band of budgetary bandits know about resolving supply issues? I recall so well when Ricardo Nixon was similarly befuddled by inflation and he created something called the Nixon Wage and Price Controls. As you might remember, his policies neither controlled wages nor prices but he did get into the history books through his folly. Recall that thanks to his brilliant leadership we endured several recessions in the 1970s. Go team Nixon.
The government cannot even select a proper amount of money and spending for the economy -- and now we are supposed to believe they can use their unlimited powers to micro manage each sector of the economy? Only Bill Murray could be funnier than this. Biden is turning our country into a rerun of Caddy Shack! Biden has no control over Covid and he definitely cannot control individual prices and outputs. He does seem to be pretty good at staring into the camera with his mask on giving a moving if not tearful sermon. Maybe he should try preaching.
Is there a lesson in this? Do I have any better ideas? I do. It's called learn from your mistakes. Don't play Superman if you don't have a cape. Don't replace common sense with wishful thinking. Elect politicians who don't smile so much and who don't wear perfect ties. That's a start. Do you have any good ideas?
Dear LSD. You seem to be critical of Sleepy, Creepy, Senile, Lie’n, Cry’n, Plageriz’n ‘n dolt Joe. Me thinkz if twue yer criticism is misdirected. Rather, me thinkz criticism should be directed to all those gullible, underinformed, moronic, et al folkz (including the dead and illegals) who voted fer him.
ReplyDeleteYes, I’ve got a good idea. Me tinkz all them alluded to above should be forced to wear bell bottom pantaloons, Nehru jackets, love beads, and dunce hatz until November 8th ’22 and November 5th ’24 when they have an opportunity to Right they’re stupidity. In the mean time they might consider voluntary shock therapy and/or frontal lobotomies.
Thank you dear Chicken of the Sea. The trouble with your first recommendation is that they already wear those items. You don't have to force those darlings unless their bell bottoms are at the cleaners. As for the shock therapy and frontal lobotomies, there is already a long line for those. But I appreciate your can-do attitude.
ReplyDelete