The Democrat Party's Runaway Inflation Crisis

 When I was a Freshman in High School in 1972, I first started to study and learn about the economy and inflation.  I have studied the economy and its related components for the last 50 years earning a Masters Degree in Economics many years ago and teaching Economics and Business classes for 40 years now at colleges and universities throughout the country.  In my classes over the years I have taught at times where there was inflation however I have never taught during the time frame that we live in today that includes runaway inflation.  Runaway inflation is the worse type of inflation that an economy may have and can be defined as a rapid increase in the price level with a massive decrease in the value of money. Runaway inflation is caused by several factors that include excessive government spending of money, an excessive expansion of the money supply through the issuing of more money into the economy by government and a lowering of productivity and elimination of economic growth in the economy.  Currently we have all of these issues and more in our economy that are causing runaway inflation and they can be directly tied to the failed economic policies of the Democrat Biden Administration.

Many mistakes have been made by the Biden Administration and the Democrat Party led Congress.  America had energy independence and security through the Trump Administration mainly due to more drilling of oil domestically, the fracking of natural gas and the Keystone Pipeline.  These components allowed for very low energy prices to exist in our country and for stable prices to exist.  One of the first things the Biden Administration did was to create an almost immediate dependency on foreign oil in the guise of creating non polluting green energy policies that somehow does not use fossil fuels.  There has been a large push to go to electric vehicles that still must use a form of fossil fuel energy to charge the vehicles batteries and are pretty much not affordable for the general working public due to their massive costs.  A much wiser policy was for our country to continue to be energy independent while allowing the tools of the free market system to help develop the alternative energy markets and products that would become affordable for the economy.  This misguided policy that the Biden Administration slammed on the economy has led to runaway inflation, massive increases in transportation costs which in turn have increased the costs of all products and goods delivered to stores in the economy.  The biggest supply shock has been to the cost of food items in the grocery stores which are fast making food a luxury item in the economy for most families.  A five dollar a gallon price for diesel fuel is passed on to consumers contrary to what the Biden Administration and the state run media wants us to believe.  We see a massive trickle down effect in our economy from this horrific energy policy.  Nor do wee see any reasonable and or rational policy to get people back to work and help to alleviate the massive supply chain issues the economy faces which also contributes to the runaway inflation our economy has today. 

The Democrat Party has a big problem.  It is what is known as runaway inflation.  It is their manufactured crisis that could have been completely avoided by much more economically coherent governing and actions.  Instead it has shown the American Taxpayer its economic illiteracy through economic actions that are meant to damage the American economy and hurt its citizens.  For what reason is beyond me other than it wants America to see in full spectacle the horrors of a command, Socialistic economy and society that has never worked in the history of the world and is not working today for the Socialists and Communists who control today the Democrat Party of America.  A party of complete ineptness and corruption that is trying to portray itself as the cure-all to their manufactured failures of so many years now.  Mr. Biden, his Administration and the Democrat Party have created the economic crisis that we all must try to deal with in May 2022.  And there was no reason whatsoever for this to happen.    At least in 2020 under President Trump who loved his country, who hated the corruption/swamp of Washington D.C., economic prosperity was the norm and the American public was prospering.   American voters in November are not better off than they were two years ago.  They are much worse off than they were in 2020.  This economic policy of failure is what the Democrat Party of the United States is running their campaign based upon.  And it is why they will go down in massive defeat on Election Day.  And it is 1776 all over again. 

Maybe The Democrat Party Remembers Stable Prices-No Inflation? Energy Independence? Freedom In Europe?

 Remember when the United States was a strong country back in 2017 to 2020?  Remember when the United States was energy independent in 2019 and 2020?  Remember when there was little to no inflation in our country from 2017 to 2020?  Remember when shelves in grocery stores were full back in 2017 to parts of 2020?   Remember how most of our country and world were going to die from Covid-19 from 2020 right up to a few weeks ago if we did not wear masks, stay six feet apart, and or avoid contact with other human beings?  Remember when there were a bunch of peace treaties signed in the Middle East back a few years ago?  Remember Afghanistan and all of the American soldiers who died there?  Remember all of the American allies still stuck in Afghanistan in 2022?  Remember when the Ukraine was a free country?  Remember how the media force fed us daily the bad news of former President Trump and his bad tweets/speeches/policies/decisions/economy/ on a daily basis from 2017 to 2020?  I do and you probably do also.

Now think about how bad the crisis is in the Ukraine with Russia.  Now think about the possibility of nuclear war in 2022. Now think about how fragile freedom is in many Eastern European countries today due to the murderous Russian regime ready to invade at any minute.  Now think about how bad it is that we are supporting Russia by buying their oil rather than being energy independent.  Now think about how bad energy prices have increased and how much gas, heating oil and natural gas is actually costing you.  Now think about all the shortages you are seeing in the stores with food products.  Now think about how bad inflation is overall and how much less money you have in 2022. Now think about how bad the lies of Covid-19 have been and how much in profits Ned Lamont's family hedge fund have made in it.  Now think about all of the elderly who died needlessly in Connecticut trapped in nursing homes from Covid-19.  I think about this daily and you probably do also.

A lot has changed under Democrat Party leadership (if you call it that) in 2022.  A lot has changed with a failed and frail Joe Biden being a puppet President that is dragged around by his nose by the Socialist/Communists who run the Democrat Party in 2022.  The same Socialist/Communists who run the Democrat Party who also hate freedom, free people, freedom of thought, the free enterprise system, and  stable prices.  The same Socialist/Communists who run the Democrat Party who embrace unchecked illegal immigration, child trafficking, the free flow of illegal drugs and illegal drug use/deaths,  runaway inflation and unchecked crime/career criminals free to roam anywhere and everywhere in 2022.  This is the reality of 2022 with the Socialist/Communists who run the Democrat Party.  This is the record that these same Socialist/Communists who run the Democrat Party are running for re election on in 2022.

It is not the Connecticut nor America you and or anyone else wants in 2022.  So why are we accepting it?  Most of us aren't accepting these lies contrary to what the state run media wants us to believe.  This to me seems to be the beginnings of the seeds of economic, social and political disconnect being sown and nurtured against the Socialist/Communists who run the Democrat Party in 2022.  The battle for the state and America is being fought daily.  And I am confident that the tremendous losses in power and policy that the Democrat Party will endure in the election of 2022 after their massive defeats on Election Day will put an end once and for all for to their brand of dictatorship that we as a country have always hated since the 1770's.  Are we back to 1776?  I wonder.  If we are it is the way it is supposed to be.  Free America from the Democrat Party. 

United States Senator Richard Blumenthal's Defeat in 2022

Democrat/Communist United States Senator Richard Blumenthal seems to be in a great deal of trouble in his upcoming re-election fight to serve yet another meaningless six years as Connecticut's do nothing Senator.  Blumenthal who apparently has a never ending desire to be seen anywhere and everywhere, every day of the week, 24 hours a day, seven days a week, 365 days a year is treated as state run media royalty due to this.  Even though he has little to nothing to say of meaning nor has sponsored and or enacted meaningful legislation that has helped Connecticut Taxpayers he feels that he somehow deserves automatic re-election against any of the "evil" Republican candidates that may run against him.  And especially in 2022 seeing how corrupted and economically inept his Connecticut Democrat Party is he is obviously running for his political life.  And he should handily go down to defeat given several serious problems he has gotten himself into over the past year.  

These include his apparent embracing and affiliation with Connecticut People’s World Committee, an open Communist Party affiliate where he recently presented and gave special recognition to the night’s three “Amistad Award” winners, insisting they “honor the great tradition of activism and standing up for individual workers.”  (nypost.com12/15/21)  Apparently the ignorant and arrogant Democrat/Communist United States Senator Richard Blumenthal seems not to understand the butchery of the Communist Party history.  He does not seem to care and or have compassion for the millions who have been murdered in cold blood by the Communist Party throughout the world.  He does not seem to care and or have compassion for the citizens of Cuba who are slaves to their Communist government there.  He does not seem to care and or have compassion for those enslaved in Hong Kong by the Chinese government.  He does not seem to care and or have compassion for those who are fighting for freedom in the Ukraine against the Russian Communist Government.  Does Blumethal have any idea of how inhumane and evil the Communist Party was or is to this day?  Apparently he does not care about that.

Democrat/Communist United States Senator Richard Blumenthal has an estimated worth of $100 million. His wealth is so great that he sometimes isn’t aware of all of his investments, including a real-estate development company linked to the Chinese government.   Isn't this hypocritical?  On the one hand you condemn those who have earned wealth through starting a business, created jobs and wealth and then want to tax them to death (while creating tax loopholes for your $100 million dollars of wealth).  Connecticut Taxpayers have to somehow understand how a man worth this amount of money really cares about the middle class or anyone who actually owns a business in the state.  After all when Democrat/Communist United States Senator Richard Blumenthal was Connecticut's Attorney General he was ranked the second worst in the country in 2010 by the Competitive Enterprise Institute.  I like to remind voters of several points of the Senator's former Attorney General's history that cost Connecticut taxpayers millions of dollars. 

From the Competitive Enterprise Institute report: (http://cei.org/sites/default/files/Hans%20Bader%20-%20The%20Nation's%20Worst%20State%20Attorneys%20General_0.pdf)

"Blumenthal also used the power of his office to bully small
businesses. An egregious example is his abusive treatment of computer
store owner Gina Malapanis, which led to an $18-million judgment
against the State of Connecticut. In 2003, he sued Malapanis’s store,
Computers Plus Center, for $1.75 million for allegedly selling machines to
the state government that had missing parts. In a press release, Blumenthal
accused Malapanis of fraud. Malapanis was arrested in her home and
charged with seven first-degree larceny charges. The charges against
Malapanis were dismissed in 2008. She then countersued the state for
abuse of power and for violating her constitutional rights. As Fergus
Cullen of the Yankee Institute for Public Policy noted, the jury, “recoiling
at the overly aggressive action that ruined her business, awarded her
a whopping $18 million in January. In a handwritten note on court
documents, the jury foreman said the state had engaged in a ‘pattern of
conduct’ that harmed Ms. Malapanis’s reputation, and cited the state’s
press releases impugning her integrity, some of which came from Mr.
Blumenthal.”

This was just one example of his overreach as Attorney General.  In my opinion he over reached numerous times during President Trump's Administration condemning all things the President did for four years.  His silence currently under the economically incompetent and weak Biden-Harris Administration speaks loudly and shows Connecticut Taxpayers another side to his hypocrisy.  Blumenthal's solution to runaway energy prices is to drop the 18 cent Federal tax on gasoline.  I would like to remind Blumenthal that the Keystone Pipeline made America energy independent and lowered prices of energy for the country and did not make them dependent on either Communist Russia and or the OPEC regime.   President Biden shut the Pipeline down and apparently Blumenthal embraced Biden's decision and now is apparently enjoying watching the same Connecticut Taxpayers he represents suffer economically due to runaway inflation especially for gasoline, heating oil, natural and propane gas.  This economic suffering does not exist for a man worth $100 million dollars.  It is ironic to note that the Senator also receives a State of Connecticut pension for his horrific stint as Connecticut's State Attorney General.  That to me is another great example of Connecticut's political spoils system financed by the Connecticut Taxpayer.  

Connecticut Voters will be voting with their wallets and pocketbooks in November.  Runaway inflation, eliminating America's energy independence by shutting down the Keystone Pipeline, an embracing of Communism, an embracing of Communist countries taking over free countries, an embracing of a completely inept and incompetent Biden-Harris-Fauci debacle in Washington, a lot of rhetoric and no results all are spelling the end of the Blumenthal regime in Connecticut after 34 long and painful years of his supposed service to Connecticut Taxpayers.  A painful and costly 34 years wasted on an ego driven man whose only concern is his face being shoved in front the Connecticut Taxpayer on a daily basis.  His defeat in November will put an end finally to his pomposity, his condescension and his scorn.  Enough is enough.