One year ago, President-elect Joe Biden warned that Americans would have a “very dark winter” because of COVID. Now that he is president, Biden may give Americans a Valley Forge winter — a season that could be both brutally cold and bitterly expensive. That could produce a political disaster that surpasses all of Biden’s previous bungling.
At a CNN town hall in July, Biden declared, “The vast majority of the experts including Wall Street are suggesting that it’s highly unlikely that it’s going to be long term inflation is going to get out of hand.” After Wednesday’s federal report showing that consumer prices are rising more than 6 percent a year, the White House is changing its talking points. On Wednesday in Baltimore, Biden confided to an audience: “Did you ever think you’d be paying this much for a gallon of gas? In some parts of California they’re paying $4.50 a gallon.”
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