Biden’s Recession

Every day the number of economists predicting a recession increases. If a recession happens, it will be the first “climate change recession.” It won’t be caused by climate change, but by the left’s cure for so-called “climate change.” Here’s what I mean.

Liberal presidents in the United States have been waging war against the oil and gas industry for decades. Europe’s socialist governments have been doing the same.

Left-wing politicians at all levels of government have blocked refineries and pipelines. As a result, they have restricted supply, which is largely to blame for the sickening increase in oil and gas prices.

But higher oil and natural gas prices don’t just impact your pain at the pump or your home heating and cooling costs. Oil derivatives are in your clothes. Anything made of plastic also happens to be a petroleum product.

High gas prices impact the cost of food at your grocery store. Farmers use a lot of fuel, as do the trucks that transport your food and other products to your local store shelves.

All this together is causing the biggest jump in inflation in 40 years. It’s also driving Biden’s support to dangerously low levels.

So, they have given the greenlight to the Federal Reserve to raise interest rates as high as it wants to slow down the economy. Those higher interest rates are already hurting the housing market. They will increase the costs of business investment and job creation. Their goal, literally, is to increase unemployment.

Don’t take my word for it. The New York Times recently conceded, “The government’s plan to fight inflation could cost jobs and restrict wage growth.”

A major reason this is happening is because the entire progressive movement has bought into the idea that the earth is going to burn up in 12 years if we don’t immediately stop using oil and gas. 

This is the most insane combination of economic and environmental policies. How’s that “incredible transition” working out for you?

It will have no impact on the politicians pushing it, but you’re going to suffer. You already are. Again, that’s all part of their plan.