February 24, 2022
Whose Fault Are High Gas Prices?
ByWilliam Manning at American Thinker:
Many Americans are baffled that the economy has become inflationary and may be heading for a recession.The price of gasoline is especially troublesome.
President Biden blames the baffling backward bounce of the economy on the COVID pandemic.As with much political commentary, there is an element of truth in his observation.However, the pandemic didn’t cause inflation; the government’s response to the pandemic did.In 1986, President Reagan said, “The nine most terrifying words in the English language are: I’m from the government and I’m here to help.”Reagan’s remarks are more relevant today than the day he delivered them.
President Trump locked down the economy from March 13 until May 1 to combat the pandemic.Governors of many states extended lockdowns indefinitely.Businesses were idled, schools closed, and lives suspended while credulous Americans huddled in their houses hoping to avoid…
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