By John Kanelis / firstname.lastname@example.org
It really must be true that “no good deed goes unpunished.”
Consider the following:
President Biden took office in January as the nation was struggling to cope with the COVID pandemic. He promised tens of millions of vaccines in his first 100 days. He succeeded gloriously in outpacing that projection.
Then came a surge in consumer demand of supplies they couldn’t purchase because of restrictions caused by the pandemic. The worldwide supply chain has been strained as manufacturers struggle to meet the immense demand.
The punishment comes in the form of inflation that now has the White House troubled by the impact of that huge demand and the still-limited supply.
The Hill reports: All of those factors combined to push the consumer price index (CPI) up 0.8 percent in April and 4.2 percent over the past 12 months, the fastest annual rate since 2008, the Labor Department reported this past week. When stripping out the more volatile prices for food and energy, the index registered the biggest monthly increase since 1982.
While the ramped-up consumer spending is a sign of increased optimism, the Biden administration faces political risks as Americans find themselves dealing with inflation levels that the country hasn’t seen in more than a decade.
Joe Biden is a seasoned political hand. He knows he will get pilloried for the inflation. There is no way on God’s good Earth he is going to apologize for the accelerated vaccine distribution and vaccination rates that have contributed to the “crisis” resulting in the inflationary pressure.