Economist Larry Kudlow correctly lambasts President Biden on the Biden 2021, $2 Trillion Covid Stimulus Package. Yet, Kudlow omits the $2.2 Trillion aid package that President Trump signed (CARES Act) in March 2020. See, it is this finger pointing of blaming the “other guy” which simply makes all Americans part of TAW regime because we want our handouts-our free money. Kudlow tags Biden as “TAW”, yet Kudlow will not call out Trump on it. Now, remember, Kudlow, who is a bright economist, and advised President Reagan, stood idly by as President Reagan tripled the National Debt back in the 1980s, which has set a nasty precedent from which we have not recovered, and likely never will. See, it’s ok for “your guy” to compile unsustainable Debt, not the “other guy”. Just a typical TAW concept!
Kudlow, who has a show WABC 770, realizes much of the inflation problem is the US Debt and from the Federal Reserve Bank (FRB) that pumped too much funny money into the US economy the last 15 years or so to thwart off US recession and stagnation. We are now paying the price of having to return to normal, meaning normal interest rates, we, the 330 million American Whores are pissed that fantasy financing has come to an end and we will pay much higher interest rates; hence inflation.
You can hear Larry Kudlow at https://www.foxbusiness.com/media/larry-kudlow-americans-pessimistic-high-inflation.
Continuing with the blame game, if you again listened to WABC 770 Radio, on July 24, 2022, with owner/host John Catsimitidas, you will understand why the US is rightfully tagged The American Whore. Two guest hosts, House Rep, Kevin McCarthy and US Senator Ron Johnson both squarely put the present inflation problem on President Joe Biden.
Sure, Biden hurt himself by selling US produced oil to China and closing the Canadian oil pipeline, but the paramount problem also falls squarely on the other 533 morons in the US Capitol that continue to build up debt with no plan for repayment.
Americans get fat on “free food” and now that we must diet, we all are going through monetary withdrawals. We cannot handle pure Capitalism because that would mean we only benefit by the output of our work, rather that the fantasy financing by DC to make it seem like Capitalism is a pure everlasting panacea. I certainly agree that Capitalism is by far the best economic system, but it in no way guarantees a five percent, uninterrupted growth every year, as many economists would want you to believe.
The last straw was all the free covid stimulus money we all received. Now that the covid pandemic has subsided we are the caged animals in the zoo being put back into nature and are being forced to fight for our “food” (money), but we’ve basically lost our capitalist instincts because the zookeepers in DC put free “filet mignon” on our plates for 15 years and have now pulled the plug. The FRB is basically telling us to go catch our meals with our own efforts and skills, which have been shelved for these 15 years. Many Americans are incapable of doing so and are complaining that higher interest rates are returning because these rates were artificially suppressed for about 15 years.