The Poop Bird Comes For Joe Biden | Ep. 1473

Inflation Narrative

Ben Shapiro criticizes the Biden administration's narrative that inflation is primarily due to external factors like the war in Ukraine. He argues that the claim of a "Putin price hike" is misleading, as inflation in the U.S. began to rise significantly before the conflict, contrasting with lower inflation rates in Europe 1. Shapiro highlights media skepticism, noting that even outlets like CBS and CNN question the administration's narrative. He states, "When CB's news is calling you out, it's a problem. When CNN is calling you out, it's even more of a problem here" 1.

   

Spending Impact

Shapiro examines the impact of government spending on inflation, arguing that excessive spending burdens the economy. He points out that both parties have contributed to this issue, but criticizes Biden's administration for exacerbating it with additional spending programs 2. Shapiro warns of the long-term consequences, stating, "The federal debt burden in the United States is now $30 trillion, and that does not include the unfunded liabilities of Social Security and Medicare" 3.

   

Fed Policies

The role of the Federal Reserve in managing inflation is scrutinized by Shapiro, who blames its prolonged low-interest rates and asset purchases for the current economic situation. He argues that these policies, combined with Biden's spending, have "supercharged" inflation 4. Shapiro notes, "The Federal Reserve has been pumping money into the economy for a decade and a half, and this is the predictable consequence" 4.