GREAT MOMENTS IN PROJECTION: Biden slams Republicans ‘rooting for a recession’ after last jobs report before election.
The White House has downplayed concern of a recession on the horizon despite high inflation, slowing labor force participation, and wage growth year-over-year.
On Friday, Biden said that the “comments by Republican leadership sure seem to indicate they are rooting for a recession.”
“As long as I’m president, I’m not going to accept an argument that the problem is that too many Americans are finding good jobs,” Biden said. The president has attempted to draw a contrast with Republicans as polls indicate that key groups of voters are unhappy with the White House’s handling of the economy.
Yet Biden acknowledged rising prices Friday as the country’s “top economic challenge,” vowing “to do what it takes” to bring these down.
“I know that American families are feeling squeezed,” he said.
So Team Brandon will stop endlessly printing money to reduce inflation? As Milton Friedman has said, “Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.”
We technically are in a recession, but Biden and many in the DNC-MSM have been holding off on actually calling it that so that they can wait until there’s a GOP majority to blame. But Biden’s crankery is the mirror image version of what Virginia Postrel dubbed in December of 2008, “Depression Lust, and Depression Porn,” when Obama-worshipping Democratic Party operatives with bylines wanted American to get it good and hard, so that Obama could enter into office as the next FDR conquering the Depression. (I know, I know. But that was their mindset.)
The pandemic lockdowns served a similar function for the American left in 2020, but dialed up to 11. Or as Kurt Schlichter wrote in April of 2020: The Democrats Totally Want A Depression.
Democrats are never ones to let a good crisis go to waste, and this Wuhan Flu is a very good crisis indeed if your goal is leftist hegemony. The Trump economy was booming after the near-decade of the Obama doldrums, and people were getting a taste of prosperity. But a happy, prosperous America is something the Democrat dudes can’t abide. All the Democrats had to sell were recycled cries of “RACISM!” and “RUSSIA!” and their standard-bearer was that sinewy weirdo Grandpa Badfinger, who was promising to drag us all back into the nightmare of globalist failure. The future looked grim, which means it actually looked bright for the rest of us.
So, the Chinese coronavirus was a dream come true, a deus ex pangolin that finally, after an endless series of leaks, impeachments, investigations, and media meltdowns, might be the magic bullet that actually takes Trump down.
Am I saying that the Democrats are exploiting the pandemic for their own cheesy advantage? Well, yeah. Everything they are doing is consistent with that. Everything. No, in the abstract, many of them would probably not prefer that tens of thousands of Americans die (I get enough Twitter death wishes to know, from their own filthy mouths, that some absolutely do want us to die), but their attitude seems to be that if life gives you tens of thousands of dead Americans, make political lemonade.
And right on cue from Time magazine in October of 2020: How Joe Biden Is Positioning Himself as a Modern FDR.
Well yes, in one sense: Why Team Biden might be purposefully grinding down the middle class.