CAL THOMAS COMMENTARY SEPTEMBER 16, 2022
PRESIDENT BIDEN EARLIER THIS WEEK CLAIMED HIS INFLATION REDUCTION ACT IS WORKING. THIS ON THE SAME DAY THE DOW JONES INDUSTRIAL AVERAGES DROPPED MORE THAN 1200 POINTS, AFFECTING THE RETIREMENT SAVINGS OF SENIORS. HE SAID THIS AS THE INFLATION RATE FOR AUGUST WAS 9.3 PERCENT AND AS MORTGAGE DEMIND IS SUFFERING A SERIOUS DROP BECAUSE PEOPLE CAN’T AFFORD TO BORROW MONEY AT INTEREST RATES ABOVE SIX PER CENT. HE SAID THIS AS FOOD INFLATION HIT ITS HIGHEST LEVEL SINCE 1979, WHEN JIMMY CARTER WAS PRESIDENT.
INFLATION AFFECTS EVERYBODY – RICH, POOR AND MIDDLE CLASS. POLITICIANS CAN’T LIE ABOUT IT BECAUSE PEOPLE FEEL IT. WHILE GAS PRICES HAVE DROPPED SOME FROM THEIR PREVIOUS HIGHS, THEY REMAIN AS MUCH AS $2 A GALLON HIGHER THAN BEFORE BIDEN BECAME PRESIDENT.
WILL VOTERS TAKE OUT THEIR ANGER IN THE NOVEMBER ELECTION? THEY HAD BETTER OR THEY CAN EXPECT MORE OF THE SAME, INCLUDING MORE UNTRUTHS FROM THIS PRESIDENT AND HIS ADMINISTRATION. I’M CAL THOMAS.
