Tag: inflation

Joe Biden: Americans Complaining About Inflation Forgot We Sent Them a Check for $8,000

President Joe Biden on Thursday reminded Americans suffering from inflation and high gas prices that he sent them a check for $8,000 in 2021.

“There’s reason to be down but I started thinking about it … the first year, we were able with the rescue plan, we were able to send them a check for eight grand,” he said. “I mean a check. Beyond that by the way, there was more than that.”

The president spoke about the trillions he spent in the Democrat-passed American Rescue Plan during a conversation he had with his economic advisers on the state of the economy. His mention of the “$8,000 check” was likely a reference to the temporary expansion of the tax credit provided to families in 2021 until it expired this year.

Biden complained that Americans forgot what he did for them in 2021, even as he admitted it was “totally understandable.”

He pointed out that even for Americans making $120,00 a year, $8,000 dollars should have meant a lot to them.

“That’s a lot of money, and so it helped save a lot of people in terms of getting thrown out of their home and rental housing and a whole range of things,” he said.

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Wikipedia’s ‘Recession’ Page Shows 41 Edits In One Week, Attempts At Changing Definition

A Wikipedia administrator has placed a pause on edits to Wikipedia’s “Recession” page by unregistered users until early August to stop “vandalism” and “malicious” content after the page was edited 41 times in the past seven days with repeated attempts to alter the historical definition of a recession.

On Thursday, the U.S. Bureau of Economic Analysis (BEA) estimated that the U.S. economy shrank for the second straight quarter at a 0.9 annualized rate. In recent weeks, the Biden administration had argued that there is no agreed-upon definition of a recession, despite economists consistently saying a recession can be signaled by two consecutive quarters of negative economic growth. The plethora of Wikipedia revisions come as the Biden administration attempts to go around the commonly held definition of the term.

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Biden’s plan to boost inflation

And they say liberals have no sense of humor. Faced with record inflation and terrible poll numbers, Democratic leaders say they’ve reached a deal for even more taxes and spending. Get this, they’re calling it the Inflation Reduction Act. Ha! 

We can only imagine that Sen. Joe Manchin said yes because he thought it was a joke. Certainly the American people won’t be laughing. The bill would increase taxes through various so-called “reforms” and “loophole” closures — which really means more IRS audits on the little guy.

The spending will go to subsidies for ObamaCare, which has proven it can’t survive without them. And hundreds of millions in subsidies for solar and wind power, which also can’t survive without them. 

They call it a bill to fight climate change. It’s transferring taxpayer money to Democratic-backed companies that would otherwise fail.

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