{"id":20006,"date":"2024-05-20T09:34:23","date_gmt":"2024-05-20T13:34:23","guid":{"rendered":"https:\/\/jimbovard.com\/blog\/?p=20006"},"modified":"2024-05-20T10:10:41","modified_gmt":"2024-05-20T14:10:41","slug":"bidens-sham-snickers-salvation-shtick","status":"publish","type":"post","link":"https:\/\/jimbovard.com\/blog\/2024\/05\/20\/bidens-sham-snickers-salvation-shtick\/","title":{"rendered":"Biden\u2019s Sham Snickers Salvation Shtick"},"content":{"rendered":"

\"\"<\/a><\/h1>\n

Biden\u2019s Sham Snickers Salvation Shtick<\/a><\/h1>\n

by James Bovard\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 May 20, 2024<\/p>\n

In 1896, Democratic Party presidential candidate William Jennings Bryan made a famous pro-inflation speech, proclaiming \u201cyou shall not crucify mankind upon a cross of gold<\/span><\/a>\u201d (and stable prices).<\/p>\n

\n

In 2024, President Joe Biden is campaigning for re-election by denouncing corporations for crucifying consumers on a grocery store rack of Snickers bars. According to Biden, \u201cshrinkflation\u201d\u2014adjusting for inflation by selling smaller products for the same price\u2014is a worse crime than anything his administration inflicted on the American people.\u00a0 <\/span>And Snickers bars are Exhibit #1 of corporate perfidy in America.<\/p>\n

Last Wednesday, the latest Consumer Price Index report showed that inflation slowed slightly in April, but prices continued to rise nearly 4% per year. President Biden took his 23rd victory lap on this issue, proclaiming that \u201cfighting inflation<\/span><\/a> and lowering costs is my top economic priority.\u201d<\/p>\n

But how should people judge a victory proclamation by a general that had pointlessly lost 20% of his army? T<\/strong>he dollar has lost 20% of its purchasing power since Biden took office. But Uncle Joe talks like that is an irrelevant asterisk compared to the glories of his Inflation Reduction Act. Biden\u2019s latest strutting is on par with a surgeon bragging that a heavily-bleeding patient on his operating table is losing blood at a slightly slower rate.<\/p>\n

According to the Team Biden storyline, inflation went from a nonexistent threat in 2021 to transient in 2022 to simply a bad memory in 2024. Biden is pretending that the nation has made it out of the inflationary woods. But the Labor Department reported last Tuesday that the producer price index is rising at a rate of 6% a year<\/span><\/a>\u2014a foreboding omen of future price hikes.<\/p>\n

Average wages are down more than 4% since Biden took office and there are likely tens of millions of Americans whose pay fell even further behind inflation. In New York, rents are rising seven times faster<\/span><\/a> than wages, according to a recent survey. The \u201caverage Utah household has spent $31,718<\/span><\/a> more due to inflation since January of 2021,\u201d according to Senator Mike Lee (R-UT).<\/span><\/p>\n

Biden has spawned the highest rate of food inflation<\/span><\/a> since the Nixon administration. Edward Snowden recently quipped on Twitter that the White House is trying to defuse anger by \u201ctelling people no, no, a shopping cart full of groceries has always cost $36,000.\u201d<\/p>\n

Biden scoffed when a CNN interviewer recently asked him about the 30% rise in grocery prices. Biden declared of consumers, \u201cThey have the money to<\/span><\/a> spend!\u201d Biden has bragged about boosting food stamp benefits. Does he believe that every potential Biden voter is already on the dole?<\/p>\n

Biden is seeking to \u201cfix\u201d inflation the same way he \u201csolved\u201d other debacles: with brazen lies that presume his listeners are either village idiots or NPR junkies. Twice in recent weeks, Biden declared that the inflation rate was 9% at the time he took office. Actually, the rate was 1.4%\u2014barely a third of the current annualized rate based on last month\u2019s data.<\/p>\n

Can Biden bluster past the inflationary political graveyard? Biden\u2019s credibility is one of the few things that has deteriorated even faster than the value of the U.S. dollar<\/strong>. Biden\u2019s \u201c9%\u201d claim is more likely to spur suspicions of dementia rather than to vindicate his record.<\/p>\n

Biden hopes that ramping up denunciations of \u201ccorporate greed\u201d will distract people from the federal role in wrecking the currency. He condemned corporations for \u201cshrinkflation\u201d\u2014\u201ccharging folks more and more for less and less.\u201d But unlike governments that force people to pay more taxes for worse services, corporations cannot conscript their victims.<\/p>\n

Biden whooped up complaints by the Sesame Street Cookie Monste<\/strong>r about a reduction in cookie sizes. Does Biden believe smaller cookies prove the need for a bigger federal government? Will Biden recruit a new American Protective League (notorious during World War I) to send out spies to carefully measure and weigh cookies across the land?<\/p>\n

Will there be a series of TikTok ads with beefy people wearing undersized \u201cBiden for President\u201d T-shirts and bitterly lamenting they bought a cookie with only 622 calories?<\/p>\n

In his 1928 presidential campaign, Herbert Hoover supposedly promised \u201ca chicken in every pot.\u201d But will Biden anchor his re-election campaign on Americans\u2019 entitlement to cookies the size of airplane flotation devices? Heck, even President Barack Obama and his wife Michelle at least went through the motions of condemning mass obesity. Safeguarding the sale of giant cookies could boost the number of diabetics\u2014thereby boosting the number of people counting on Biden to save them from the high cost of insulin.<\/p>\n

Biden\u2019s \u201cremedy\u201d for inflation is new bribes for voters.<\/strong> The average monthly mortgage payment on a median priced home has doubled since Biden took office. More renters than ever before have abandoned all hope of ever owning<\/span><\/a> a house, according to a New York Federal Reserve survey released last week. Rather than curbing deficit spending, Biden is pushing a new housing handout\u2014$400 a month for two years\u2014for first-time home buyers. That handout, by helping people temporarily pay for homes they cannot otherwise afford, will likely become another bailout for bankruptcy lawyers.<\/p>\n

Biden\u2019s media allies are hectoring Americans to stop grumbling about the vanishing purchasing power of their dollars. An economic professor in The New York Times<\/em> recently portrayed inflation fears as merely an \u201cmacroeconomic anxiety attack\u201d and told readers: \u201cDon\u2019t Worry. Be Happy.\u201d The Washington Post<\/em> showcased a professor who told families earning less than $289,000 per year to \u201cadjust\u201d to inflation by eating lentils instead of meat, ditching their car and taking public transit and maybe letting their pets die. Veterinary costs are rising at 8% a year.<\/p>\n

Inflation data epitomize how federal statistics can be a weapon of mass deception<\/strong>. Beginning in the 1980s, the formula for calculating inflation was revised dozens of times, almost always with a downward bias. Instead of comparing the price of the same basket of goods over time, federal officials concocted a gauge they claim measures a \u201cconstant level of satisfaction.\u201d But who in hell made bureaucrats the supreme judges of happiness?<\/p>\n

Larry Summers, Bill Clinton\u2019s treasury secretary, recently observed that if the feds today used the same inflation gauges used in the 1970s, Biden\u2019s peak inflation would have been 18%, twice as high as the reported number.<\/p>\n

Mortgage costs are no longer counted in federal inflation data. Since Biden took office, the average monthly mortgage payment for a new home has almost doubled, reaching $3,322 per month. But that pummeling price increase and locking millions of families out of home-buying opportunities is irrelevant to the official inflation gauge. <\/b>Understating inflation permits the government to deny much of the financial damage it is inflicting.<\/p>\n

Biden has been an inflation pyromaniac while boasting of being the world\u2019s greatest firefighter.<\/strong> In a 2022 speech to Democratic members of Congress, Biden raged at being blamed for inflation: \u201cWe have to talk about it because the American people think the reason for inflation is the government spending more money. Simply. Not. True.\u201d Thanks to Biden, the federal government is adding another trillion dollars in national debt roughly every 100 days.<\/p>\n

A slight and perhaps temporary slowdown in the inflation rate does nothing to repair the financial ravages of the past three years. If his re-election team is looking for an honest phrase to summarize Biden\u2019s economic achievements, go with \u201cBetter than Zimbabwe!\u201d<\/strong>\u2014<\/span>the nation with the most notorious inflation in modern times. I stand by my January 2022 prediction in the New York Post<\/em> that inflation is \u201cthe wrecking ball that could politically destroy\u201d Biden\u2019s presidency.<\/p>\n<\/div>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Biden\u2019s Sham Snickers Salvation Shtick by James Bovard\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 May 20, 2024 In 1896, Democratic Party presidential candidate William Jennings Bryan made a famous pro-inflation speech, proclaiming \u201cyou shall not crucify mankind upon a cross of gold\u201d (and stable prices). In 2024, President Joe Biden is campaigning for re-election by denouncing corporations for crucifying consumers on […]<\/p>\n","protected":false},"author":1,"featured_media":20007,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2124,4178,710,4121,4037,4184,342],"class_list":["post-20006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-biden","tag-cpi","tag-inflation","tag-larry-summers","tag-shrinkflation","tag-snickers","tag-snowden"],"yoast_head":"\nBiden\u2019s Sham Snickers Salvation Shtick - James Bovard<\/title>\n<meta name=\"description\" content=\"Biden's fight against inflation has been a sham from the start.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jimbovard.com\/blog\/2024\/05\/20\/bidens-sham-snickers-salvation-shtick\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Biden\u2019s Sham Snickers Salvation Shtick - 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The Wall Street Journal called Bovard \"the roving inspector general of the modern state\" and Washington Post columnist George Will called him a \"one-man truth squad.\" His 1994 book, Lost Rights: The Destruction of American Liberty, received the Free Press Association\u2019s Mencken Award as Book of the Year. His Terrorism & Tyranny won the Lysander Spooner \"Best Book on Liberty in 2003\" award. He received the Thomas Szasz Award for Civil Liberties work, awarded by the Center for Independent Thought and the Freedom Fund Award from the Firearms Civil Rights Defense Fund of the National Rifle Association. Bovard\u2019s writings have been publicly denounced by FBI director Louis Freeh, the Secretary of Agriculture, the Secretary of Housing and Urban Development, the Postmaster General, and the chiefs of the U.S. International Trade Commission, the Drug Enforcement Administration, the Equal Employment Opportunity Commission, and the Federal Emergency Management Agency, as well as by many congressmen and other malcontents.","sameAs":["http:\/\/www.jimbovard.com","https:\/\/www.facebook.com\/jim.bovard","https:\/\/x.com\/jimbovard"],"url":"https:\/\/jimbovard.com\/blog\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/jimbovard.com\/blog\/wp-json\/wp\/v2\/posts\/20006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jimbovard.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jimbovard.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jimbovard.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jimbovard.com\/blog\/wp-json\/wp\/v2\/comments?post=20006"}],"version-history":[{"count":3,"href":"https:\/\/jimbovard.com\/blog\/wp-json\/wp\/v2\/posts\/20006\/revisions"}],"predecessor-version":[{"id":20010,"href":"https:\/\/jimbovard.com\/blog\/wp-json\/wp\/v2\/posts\/20006\/revisions\/20010"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jimbovard.com\/blog\/wp-json\/wp\/v2\/media\/20007"}],"wp:attachment":[{"href":"https:\/\/jimbovard.com\/blog\/wp-json\/wp\/v2\/media?parent=20006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jimbovard.com\/blog\/wp-json\/wp\/v2\/categories?post=20006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jimbovard.com\/blog\/wp-json\/wp\/v2\/tags?post=20006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}