Joe Biden made weird claims throughout a speech in Wisconsin, claiming that pc chips in cars is the largest cause for sustained excessive inflation within the U.S.
“The largest cause [inflation] was so excessive is due to the price of cars. Are you aware why they value a lot? As a result of they didn’t have the pc chips to make the cars,” Biden informed the gang in the course of the “Laborfest” occasion in Milwaukee.
Biden: “The largest cause [inflation] was so excessive is due to the price of cars. Are you aware why they value a lot? As a result of they didn’t have the pc chips to make the cars.” pic.twitter.com/9pBWXyDKMB
— Greg Value (@greg_price11) September 5, 2022
Although a scarcity of pc chips is vastly contributing to larger automotive costs, they don’t trigger inflation.
Inflation is attributable to extreme authorities spending facilitated by the Federal Reserve’s countless money-printing powers, not automotive costs.
In different phrases, inflation drove up automotive costs. Automobile costs didn’t drive up inflation.
However now we will add “pc chips” to Biden’s loopy listing of causes for inflation.
Prior to now, Democrats have blamed inflation on many alternative issues, together with:
However the overwhelming majority of People, nonetheless, blame inflation on one particular person: Joe Biden and his spending insurance policies.
To his credit score, Biden himself at one level admitted his personal “American Rescue Plan” laws exacerbated hovering inflation.
But it surely seems he forgot all about that.
Elsewhere in his speech, Biden proclaimed victory over “Pharma” in decreasing drug costs, and as soon as once more condemned “MAGA Republicans” as “threats to democracy”, which received him heckled once more:
Heckler as soon as once more triggers Biden into unhinged on-camera aneurysm😳
“No No No No No No No No No No No No” pic.twitter.com/ZU9zLYN9Gs
— Danny De Urbina (@dannydeurbina) September 5, 2022
Watch Biden’s full remarks: