Biden Has No Clue How to Stop Inflation

BUCK: Welcome back to Clay and Buck.

BUCK: You know it’s true. If you go to the store and you buy groceries, you put gas in your car, the economy is in rough shape, and there’s overspending at the heart of this issue, government action. This isn’t just a thing that happened, despite the cleanup on aisle Biden the media is trying. But beyond that, Clay, the more I read about the coming global food shortage… Now, in America it won’t be really as much of a food…

Rather, it won’t be a famine, it’ll just be a price issue ’cause we’re a wealthy enough country that we’ll still be able to afford it, but it’s gonna be really expensive. It’s gonna hurt budgets. It’s gonna mean people are running up credit card debt. It’s gonna mean that stress of trying to pay the bills is up. But around the world — and this is in part because of what’s going on with Russia and Ukraine, as well as the supply chain issue that continues to snarl shipping all over the world — you’re gonna have some places where there’s just no food.

CLAY: Yeah.

BUCK: And this is, unfortunately, going to result in a lot of suffering, and you’re gonna see the price of everyday goods and everyday food in this country, Clay, I think go to levels that people are gonna be shocked.

CLAY: Yeah. You know, Joe Biden’s got an editorial in the Wall Street Journal today talking about the fact that he’s trying to get inflation under control. I don’t think anybody else out there feels like this is likely. But they had a Google search of midterm issues. Jobs and taxes, two most searched topics. Abortion was 14th. So kind of putting into contextualization there: What are people focused on? The economy.

It’s the economy every single time, and Biden doesn’t have answer for the economy because, unfortunately, Buck, not only is Biden incompetent. Everyone around him is incompetent. And it doesn’t feel like they have anybody with a basic level of business knowledge who is going to be capable. I know he’s got Jerome Powell and the Fed, and he’s saying the Fed is gonna handle inflation and everything else. The Fed also allowed inflation to get out to 8.5%. I don’t feel good about them getting it done quickly, in the meantime.