No, Mr. President, Your Economic Strategy is Not Working

No, Mr. President, Your Economic Strategy is Not Working

March 23, 2022

This week, President Biden took to Twitter to claim his economic strategy “has worked – and it’s still working.” Economists and the American people disagree. Inflation levels are the highest they’ve been in 40 years driven in part by rising energy costs that the administration continues to ignore. Kristen Altus writes in Fox Business:

“The Labor Department released a report earlier this month showing that consumer inflation, propelled by surging costs for gas, food and housing, jumped nearly 8% over the year – the sharpest spike since 1982.”

The King’s College economics professor Brian Brenberg told Fox this policy mistake will affect every American. Brenberg says:

“This is not working. It’s not working for small businesses, not working for blue-collar workers, definitely not working for families. I don’t know why the president keeps saying this stuff. We don’t have to cope with this. This is a political policy mistake that the administration has made, and there’s no way we should start adjusting to that and giving in to the problem.”

Brenberg explains that above all, President Biden needs to “get it together” on gas prices and prioritize energy independence. The Biden administration’s current strategy is a total war on American energy producers. Even as Russia’s invasion of Ukraine has caused the left in Europe to turn back to fossil fuel energy, the Biden administration has not budged.

Today, the national average for a gallon of gas sits at $4.24. The American people can’t afford Biden’s war on energy. Brenberg asks “if we keep nickel and diming the middle class, will there be a middle class left?”

No, Mr. President, your economic strategy is not working.