Weâll show ourselves out.
Still, the best humor is always rooted in a kernel of truth, and thatâs certainly the case with the inflation weâve seen of late â from gas to beef to lumber. As our Nate Jackson pointed out today, âWhile both parties went on a spending binge last year that goosed inflation numbers, Joe Biden aims to be the Six Trillion Dollar Man with his runaway federal spending proposals. Instead of slowing down on spending as the economy recovers, Biden insists âitâs workingâ and therefore we need more of it.â
Right. All we need is more cowbell.
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Updated
Presented by Intel
With help from Rishika Dugyala and Teresa Wiltz
A view of voting rights signs as people gather during the Count Every Vote Rally In Philadelphia in November 2020. | Bryan Bedder/Getty Images for MoveOn
1. He spent nearly a half-century in rehearsals.
If you want to assess Joseph R. Biden Jr.’s first 100 days in office, it helps to wind back nearly 18,000 days to the beginning. When President Biden was first elected to the United States Senate, in Stone Age 1972, the country was still mired in Vietnam; the Watergate break-in that would tank the Nixon incumbency failed when bungling burglars dressed in business suits and surgical gloves were nabbed by members of the Capitol Police department’s “bum squad” (as their lookout sat in a motel across the street watching “Attack of the Puppet People”); and the first episode of “The Price is Right” was aired on CBS, hosted by Bob Barker.
Under Scranton Joe’s leadership, more and more Americans are dependent on government cheese.
Personal income transfer payments to person hit an all-time high as The Federal Reserve keeps pumping money into the system.
Government transfeer payments as a percentge of total income is now a whopping 34%.
US Personal Savings Rate is now 27.6%. Which means that the Biden Bonanza of transfer payments are ending up in savings, not being spent.
Biden’s government cheese helped increase personal income by 21.1% MoM, although personal spending increased by only 4.2%.