Larry Kudrow: Biden turned a booming economy with no inflation into a high-inflation bust

Within the mainstream media, Joe Biden’s recent legislative victory and his recent speech MAGA Republican A threat to democracy, the “semi-fascists” are trying to overtake the Republican Party by giving the Democratic Party some mid-term momentum and snatching victory from the jaws of defeat.

First of all, the new law is unpopular. An Economist-YouGov poll shows him 36% to 12% that voters think his IRA law will actually increase inflation. As for canceling student loans, another network poll found voters believe it would also drive inflation, with approval ratings ranging from 59% to 38%.

Incidentally, the latest inflation report for July was 8.5% y/y, and the Cleveland Fed’s Inflation Tracker forecasts an 8.2% CPI for both August and September.

as far as Biden attack For the 74 million Americans who voted for President Trump in the last election, a new poll shows those speeches were a disaster. A survey of potential voters by the Trafalgar Group found that 56% thought it was “dangerous rhetoric”, putting him more than 20 points higher than those who thought it was “acceptable campaign his message”. I’m here.

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Just today, the Rasmussen report also found that 46% said the next midterm elections would be a “referendum” on Biden’s agenda. Only 40% of them thought that “individual candidates” were important.

These early returns on Mr. Biden’s outrageous, hateful and divisive rhetoric, alongside a huge new tax-and-spend Democrat bill, have the Republican cavalry doing very well here 61 days before the midterm elections. It suggests that you are in a state of

Another lesson: never believe the mainstream media. Of course, voters will vote against Biden’s autocratic, autocratic big-government socialism.

Biden turned a booming economy with no inflation into a high-inflation bust in just over a year. His war on fossil fuels has sent the prices of gasoline, oil, natural gas and coal skyrocketing. He can’t even get the right formula on the store shelves. He has spent big, raised taxes and launched the biggest regulatory attack on business ever. Real wages for working people are steadily declining.

Not only is he obsessed with climate change, he doesn’t offer alternatives. He is similarly enthusiastic about repealing all of Trump’s tax cuts that have resulted in the lowest poverty and highest family wages in 50 years.

He wants a battery-powered economy, but won’t let people mine the resources to develop it. is telling the owner of the that the battery cannot be charged. Why? No electricity. why? Not enough fossil fuels.

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He has armed the Justice Department and the FBI against his archenemy Donald Trump. He lied about the miracle of Operation Warpspeed, stifled free speech, called his parents “domestic terrorists,” pressured social media to Hunter Biden’s laptop storyBy the way, that story may have changed the 2020 election.

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He lied about his successful escape from Afghanistan. He lies about open borders in the south, millions of illegals crossing the border, and the fentanyl scourge that goes with it.

Not only has his economic version of central planning been a complete failure, but it has resorted to an authoritarian, authoritarian and divisive approach that lacks truth, Americans are more likely than Biden thinks. is also much smarter. They will reject his twisted view of America. That is why I believe the cavalry is in good shape as we enter the final of the Barra.

This article is based on the opening commentary by Larry Kudlow in the September 7, 2022 edition of Kudlow.