That 70’s Show
A few days ago I was driving my bus by a gas station and the price on the sign caught my eye, $3.31/gallon*. It was one of those local non-affiliated stations with cheap gas and who-knows-what coming out of the pumps. Their price is consistently cheaper by five to ten cents so I was expecting something in the range of $3.21 based on the price at my station the day before. A few moments later things clicked and I had an RBDBE (random bus driver brain eruption).
I said to myself (because no one else was listening), “Damn, it feels like the Jimmy Carter years.”
Then, yesterday morning Maria Bartiromo had Sen. Ted Cruz on to discuss the Biden spending plans and their inflationary impact. I was snapped out of my morning fog when I heard him make the same Biden/Carter analogy. He began by referencing That 70’s Show because of the title, but then he enumerated all the reasons why it feels like Jimmy Carter 2.0.
He started with skyrocketing double-digit annual inflation. Then he continued with, gas lines, a middle-east crisis, middle-east hostages, America surrendering in Afghanistan, and then he made the point that there’s a cause and effect factor. When you push bad policy and spend trillions upon trillions of dollars, you get Jimmy Carter. It all amounts to a weak America, a world in chaos (the way the communists like it), and massive inflation. I’d add to that, massive Stagflation.
For those of you too young to remember the 70’s, massive inflation is supposed to accompany wage and salary increases. But as the inflationary condition metastasizes, wages and salaries stop rising while prices continue to soar. In the end, everything costs more each time you try to buy it, and you never have enough money to pay for it. So you’re forced to do with less, a lot less.
Today, Joe Biden is going to sign the Infras—I mean the Inflation Bill part -1 into law. Stagflation is on the way. It’s the Jimmy Carter 70’s Show all over again. Mark my words.
What’s worse, the Biden administration is doing this with intention. They want you to pay more for everything including gas, heating fuel, and electricity. It’s part of their climate change plan. All this massive spending is intended to expand government control through inflation. If you have less economic power, you’re more dependent on the government and easier to control. The proof is in the pudding. Watch Jen Psaki smile, tell the truth, and then lie about it.
That 70’s Show with Creepy Joe.
*I know there are those who see the $3.31 price for gas and wonder why I’m complaining. They pay $5-$6. These are primarily people in the Northeast and the entire pacific coast.
Why do I complain? Perspective (I should be paying about $1.75). Why are you paying $5-$6? It’s your own fault. Elections have consequences. You have governors like Cuomo (resigned) and Newsom (recall). My governor is DeSantis.