What is there that is worthy of approval?
Here in the week of President Biden’s second State of the Union address the Real Clear Politics average of polls reveals that just 42 percent of voters rate the president favorably.
That statistic begs the question: What is it about this presidency that has a bit more than four out of ten voters favorably disposed? Did those in the 42 percent just get here? Can they not compare the state of things now to the state of things before Biden became president?
The comparison is not at all favorable. Space doesn’t permit an exhaustive analysis. We can only touch the high (or rather, low) points.
In January 2021, when Biden took office, the inflation rate was 1.4 percent – significantly below the Federal Reserve’s target of two percent. Inflation stands at over seven percent now. The simplest way to get your head around seven percent inflation is to understand that if you have a $100 bill in your wallet today that you hang on to, that C-note will only buy you $93 worth of goods and services this time next year. Inflation is like a tax on cash. But unlike the tax code, there are no loopholes and no deductions. Everyone pays. But, as usual, the burden falls disproportionately on the poor.
We have inflation because of irresponsible government spending. Under cover of COVID, the Biden administration poured a couple of trillion dollar’s worth of “relief” into the economy. That money set about chasing goods that weren’t there because of the trailing effects of the COVID lockdowns. Inflation naturally followed.
On top of inflationary spending came idiotic energy policy. Biden’s executive actions taken against the oil & gas industry curtailed energy supplies. Prices did what prices do when supplies shrink. Thus, a gallon of gas that cost $2.35 when Biden took office costs $3.50 today and is headed north. Natural gas is triple what it was when Biden took the oath.
All of that fuels inflation, too.
Inflation pushes up interest rates. On Inauguration Day 2021, a person with $1,500 to spend on a monthly mortgage payment could afford a $460,000 home (assuming 20 percent down). Thanks to rising rates fueled by Biden’s reckless spending, that same payment now affords only a $290,000 home – a near 40 percent drop.
Then there’s immigration. Thanks to Biden’s reversal of his predecessor’s immigration policies, five million poor, uneducated, social services-consuming migrants have entered the country illegally in just two years. Every taxpaying American – including those in the Biden-loving 42 percent – is paying to feed, clothe, school, house and medicate them.
Biden’s catastrophic withdrawal from Afghanistan so emboldened our enemies that China’s Xi Jingping decided to see if he could invade our sovereign airspace with impunity. Mission accomplished. Xi flew a spy balloon across the entirety of the United States – something that he would never have dared try under any prior president.
There’s so much more but space doesn’t permit.
So, back to the question.
You 42 percenters – what is it, exactly, that inclines you favorably toward this manifestly bad president?