This is a Panic - The American Spectator | USA News and Politics
This is a Panic
by

Rich Lowry just reported at the Corner that a major conservative economist has told him that there really is a chance for this to turn into a major depression a la 1933. If so, it’s mostly psychology. Ninety-three percent of home loans are still good. There’s an incredible amount of cash floating around the world. It’s just that everybody is afraid to lend what they have. A government bailout will only exacerbate the bad psychology by undermining confidence in the markets’ ability to muddle through on their own — or at least without MAJOR government action. Yes, government can and ought to do some things right now to stabilize and re-start the markets. But all of this business of buying up non-performing assets is counterproductive. Conservatives like Hensarling and McCotter are right to press for alternatives, and right to vote against the package as it has been described.

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That’s right, the Grinch (Joe Biden) is coming for your pocketbooks this Christmas season with record inflation. Just to recap, here is a list of items that have gone up during his reign. 

Gas: 40%+
Beef: 20%+
Used Cars: 20%+
Lodging: 17%
Eggs: 13%

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The Grinch Stole Christmas Sale
Commander-in-chief of Christmas inflation