Joe Biden made weird claims during a speech within Wisconsin, claiming that computer chips in automobiles is the biggest reason for sustained high inflation in the U. Ersus.
“ The biggest reason [inflation] was so high is due to the cost of automobiles. Do you know why they cost so much? Because they didn’t have the computer chips to make the automobiles, ” Biden told the crowd throughout the “ Laborfest” event within Milwaukee.
Biden: “ The biggest reason [inflation] was therefore high is because of the cost of vehicles. Do you know why they cost so much? Because they didn’t possess the computer chips to make the automobiles. ” picture. twitter. com/9pBWXyDKMB
— Greg Cost (@greg_price11) Sept 5, 2022
Though a shortage of computer chips is significantly contributing to higher car costs, they don’t cause inflation.
Inflation is brought on by excessive government spending facilitated by the Federal Reserve’s unlimited money-printing powers, not car prices.
Put simply, inflation drove up car prices. Car prices did not drive up inflation.
But now we can include “ computer chips” to Biden’s crazy list of causes of inflation.
In past times, Democrats have blamed inflation on many different things, which includes:
However the overwhelming majority of Americans, nevertheless , blame pumpiing on one person: Joe Biden and his spending policies.
To his credit, Biden himself at one point accepted his own “ American Save Plan” legislation exacerbated rising inflation.
However it appears he forgot all about that.
Somewhere else in his speech, Biden proclaimed victory over “ Pharma” in reducing drug costs, and once again condemned “ MAGA Republicans” as “ threats to democracy”, which usually got him heckled again:
Heckler once again triggers Biden in to unhinged on-camera aneurysm😳
“No No Simply no No No No Simply no No No No No No” picture. twitter. com/ZU9zLYN9Gs
— Danny Sobre Urbina (@dannydeurbina) September 5, 2022
Watch Biden’s full remarks: