Joe Biden’s handlers ushered in a pair of policy directions designed to escalate inflation and financially empower America’s enemies.
Since assuming office, Biden Administration officials continue to make 180-degree reversals on former President Donald Trump’s most successful strategies. The Republican populist tasked members of his cabinet with ending the land war in the Middle East, invigorating the U.S. economy, and shutting down the money train rogue nations such as Iran used to fund terrorism. Mission accomplished.
But Biden’s people went on a reckless spree of curtailing effective policies in a move that wreaks of envy and spite. Already, Biden has softened sanctions against adversaries such as Russia and the world’s leading supporter of terrorism — Iran.
“These actions demonstrate our commitment to lifting sanctions in the event of a change in status or behavior by sanctioned persons,” Secretary of State Antony Blinken reportedly said after kowtowing to Iran. The White House gave Russian President Vladimir Putin a waiver to build a pipeline into Germany. These behaviors put American interests last and everyday people at risk.
What compounds these misguided foreign policy directives is that Treasury Secretary Janet Yellen engaged other countries in creating a digital minimum tax. In typical lead-from-behind fashion, Yellen was forced to plead with European leaders to postpone their unilaterally leveling an online tax against U.S. corporations.
“I think it gives us time to clarify the international agreement that we all are supportive of. Exactly what is allowable and what is not allowable remains unclear at this point,” Yellen said. “This is a delicate time in the U.S. negotiations, and I think it avoids throwing something into the negotiations that would be unclear and could complicate our progress.”
The White House floated a minimum worldwide tax of upwards of 15 percent. Yellen reportedly has a loose consensus to push forward and pilfer off additional money from e-commerce businesses. What Biden’s handlers don’t want people to know is they are doubling down on U.S.-based organizations. The motivation stems from the fact Washington, D.C., Democrats want to raise enough money to justify another spending spree. Financial guru Steve Forbes recently issued a dire warning that Democrats are dragging the economy into dangerous waters.
“(If Congress spends more), you’re going to get more rising prices. You’re going to get the kind of inflation that afflicted us in the 1970s. Interest rates will go up whether the Federal Reserve likes it or not. It would be overwhelmed by the markets,” Forbes reportedly said. “And that’s going to lead to huge political problems. Not to mention national security problems.”
Forbes emphasized that the federal government must stop its wild, reckless spending, or the American economy could come crashing down.
“With all those spending bills coming through(Congress), if they go through, watch out. The dam will break,” he added.
Forbes offered a pathway out of the skyrocketing inflation, saying that traditional strategies such as “no new taxes” and “no new entitlements” can steady the economy. But responsible economic policy is not something Speaker of the House Nancy Pelosi and her radical party members want to hear.
It seems inconceivable the Democrat in the White House is now leveling new taxes on American-based e-commerce companies while helping to swell the war chests of America’s enemies. Working families are caught in a crossfire of the worst possible attack on financial survival and national security threats.