Inflation is out of control.
Democrats worry about a voter backlash.
And Nancy Pelosi made a fool out of herself with this devastating comment about inflation.
The latest government report on inflation showed prices surging 7.9 percent in February, the biggest spike in the last 40 years.
Despite Joe Biden and Jen Psaki falsely claiming this was the “Putin price hike,” runaway inflation is the fault of Joe Biden’s socialist spending binge.
A Wall Street Journal poll found 50 percent of voters list inflation as their top issue for the 2022 Midterms.
As the price at the pump hit record highs, an ABC poll found 70 percent of Americans disapproved of Joe Biden’s handling of gas prices.
During the House Democrats’ retreat in Philadelphia, Nancy Pelosi answered a question about inflation with a response so stupid that everyone was dumber for having listened to it.
Democrats understand they have to look like they are doing something about inflation, so Nancy Pelosi is now telling the Big Lie that the answer to inflation is more government spending.
Pelosi cited a group of liberal economists who claimed the stalled nearly $5 trillion spending bill was somehow not inflationary.
“One other point that we’ll make about it is that what we are doing in our legislation, what we would do in the Build Back Better – seventeen Nobel laureates in economics said that legislation does not increase inflation. It is non-inflationary because of the way it is written,” Pelosi stated.
Pelosi then falsely claimed that government spending was lowering the national debt and bringing inflation to heel.
“So when we’re having this discussion, it’s important to dispel some of those who say, well it’s the government spending – no, it isn’t,” Pelosi said. “The government spending is doing the exact reverse, reducing the national debt. It is not inflationary.”
In fact, the exact opposite is true.
The national debt surged to over $30 trillion precisely because Congress passed trillions in bailout spending to prop up businesses that Governors locked down based on junk science during the COVID pandemic.
Pelosi then retreated to the false talking point that Putin is to blame for rising gas prices and inflation.
“We’re paying very close attention to it, but this starts with Putin because of global inflation for reasons beyond the gas price,” Pelosi continued. “Global inflation is something that we have to deal with globally, but we have our responsibility to deal with it at home, and we have legislation that does just that, by increasing supply and, again, creating jobs in a way that is not adding to inflation.”
Gas prices and inflation began to rise the moment Joe Biden took office.
Both were the direct result of Biden’s policy choices.
Biden closed off avenues of American domestic energy production and spent trillions more on a socialist Blue-state bailout bill.
Now that polls show voters are ready to punish Democrats over inflation, Nancy Pelosi, Joe Biden, and other top Party leaders are looking to shift blame by gaslighting the public.
Renewed Right will keep you up-to-date on any new developments in this ongoing story.