Biden’s Response to Inflation-Induced Stock Crash Alarms Americans

If you’re going to work in the White House, you need to be extremely passionate about the issues that face the great nation of America.  And, if you’re the guy with your elbows on the Resolute Desk, you had better be obsessed with those issues.

Joe Biden is neither, and never really has been.  His waking hours, (which may very well be scattered throughout the day), aren’t spent worrying about everyday Americans’ wallets, or about the sieve that we call a southern border.  No, this reluctant President remains apathetic to most of these troubles.

And, perhaps even more worrisome, is the fact that he’s simply dismissing major indicators of serious trouble as flippantly as one would fret over a $5 bill lost in the wind.

“I think we’re going to be fine,” Biden told reporters Tuesday night when asked about the disappointing data release earlier in the day.

The president spoke briefly to reporters after traveling to Delaware from the White House to vote in his home state’s primary election.

And then…

When asked by a reporter whether he was worried about the latest inflation numbers, Biden replied, “No, I’m not.”

President Joe Biden speaks with Senator Joe Manchin (D-WV) on the South Lawn of the White House in Washington, DC, after a celebration of the Inflation Reduction Act on September 13th, 2022. (Nathan Posner/Anadolu Agency via Getty Images)

Biden dismissed the month-to-month overall inflation number as “one-tenth of 1 percent” from the previous month, even though grocery prices rose 0.7 percent in August, rent rose 0.7 percent, the cost of electricity rose 1.5 percent, and natural gas prices rose 3.5 percent. Inflation from the previous year is up 8.3 percent.

This, despite the DOW Jones taking a 1,000 point hit on Tuesday, causing “#stockmarketcrash” to trend on Twitter.

If nothing else, Americans must keep a keen eye out for enthusiasm in 2024, because Lord knows we’ve not seen much of it over the last 19 months.