The Bidenistas Continuing War on the American Economy

It keeps getting better and better.

Biden’s pick for Comptroller of the U.S. currency:

Saule Omarova, a law professor at Cornell University, suggested earlier this year during a virtual event that “a lot of small players in [the coal, oil, and gas industries] are going to probably go bankrupt in short order – at least we want them to go bankrupt if we want to tackle climate change.”

In her academic writings, she has advocated for transferring standard checking accounts and savings accounts from private banks to the Federal Reserve. [Fox News]

**********************

Corrupt governments debase the currency by “printing” money to support the unsustainable spending. Prices go up. Next, government blames the stores, oil companies and businesses for being “greedy” and “price gouging.” What comes next? Price controls. Government forces prices to go lower than the law of supply and demand dictate. Price controls mean shortages. This means empty shelves and gas lines. Price controls are coming next.

Bidenistas are already screaming price gouging. You’re about to see Communism in action, and shortages that make the present seem like nothing after executive orders force prices to be too low to handle the demand for gas, food, everything. Unless, of course, we massively reverse absolutely everything we’re doing 180 degrees. I don’t think that will happen.

**********************

Once in awhile, Republicans act like an opposing party. McCarthy won the battle, and it’s commendable; but our Communist opponents are ruthless, amoral tyrants determined to prevail in the war to turn America into a dictatorship.

“I’ve had enough. America has had enough,” McCarthy added in a speech that cataloged a list of Republican grievances, some related to the bill and some not.

Dozens of Republicans, some sitting directly behind McCarthy, urged him on. Democrats on the other side booed, and some tweeted snickering replies.

“Loved it,” said Rep. Greg Pence, R-Ind., the brother of former Vice President Mike Pence. “This is a historical moment for Kevin, for sure.”

McCarthy broke House Speaker Nancy Pelosi’s own speechmaking record just before 5 a.m. Friday. He ended around 5:10 a.m.

**********************

The tax-writing House Ways and Means Committee … asserts Biden’s tax enforcement plan will result in an additional 1.2 million IRS audits each year. Nearly half of the audits would impact families earning less than $75,000, while roughly one-quarter of the audits would affect Americans earning up to $25,000 per year. The Republicans say the plan will also result in 800,000 more federal tax liens against taxpayer property, including homes and vehicles.

“[Joe] Biden wants to double Americans’ chances of getting audited in order to squeeze every single dollar they can from American families and small businesses to fund the most expensive piece of legislation in history,” McCarthy said in a statement. “This would be a nightmare state for families living in fear of an army of IRS bureaucrats designed to second-guess and spy on them.” [Fox Business]

Michael J. Hurd, Daily Dose of Reason

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s