If you want a window into the utter incompetence of the Biden administration, look no further than Tuesday’s celebration of the Inflation Reduction Act.
Some genius at the White House decided it would be a brilliant idea to gather thousands of supporters for a big party on the South Lawn to celebrate the law on the exact day new inflation figures came out. Just hours before the event, we learned that inflation hit 8.3 percent in August — prompting the Dow Jones industrial average to nosedive more than 1,200 points, the market’s biggest one-day collapse in more than two years.
Americans learned that inflation rose for food to 11.4 percent since last year, the largest increase since 1979. Year over year, the price of chicken went up 16.57 percent, baby food up 12.58 percent, milk up 16.96 percent, bread up 16.23 percent, and fresh fruits and vegetables up 7.93 percent. The cost of shelter rose 6.2 percent, the most since 1984. And energy prices remained stubbornly high, with gasoline up 25.64 percent from the year before and the cost of fuel oil rising 68.77 percent just as many Americans prepare to buy it to heat their homes this winter.
What a great time to have an “inflation reduction” celebration at the White House — and to invite James Taylor to come and perform a song partially about suicide.
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