Joe Biden has completely bungled the economy.
And some Democrats are willing to admit it.
Now an entertainment star regrets voting for Biden after one confession.
In between her foul-mouthed lyrics and vulgar rants, rapper Cardi B occasionally lets the truth slip out.
Recently, Cardi B put out a “PSA” discussing the damage done by inflation.
The “WAP” rapper explained, “I get a summary of the money that’s being spent in my home every week…So when I’m starting to see that, like, groceries is, like, tripling up, it’s, like, hey, yo, what the f*ck is going on? I want to see for myself what the f*ck sh*t is being spent on. And, like, when I go to the f*cking supermarket, like, I went to the supermarket, I’m seeing that everything tripled up.”
As much as Democrats and their media allies try to downplay inflation, it is a hidden regressive tax that eats away at people’s earnings and savings.
Cardi B touched on that when she said that grocery costs “tripled up.”
She added, “Lettuce was, like, $2 a couple of months ago and now it’s, like, f*cking $7. Of course I’m gonna say something! The f*ck?…Because if I think that sh*t is crazy, I can only imagine what middle-class people or people in the hood is motherf*cking thinking…So, yes, I’m going to say something…The f*ck? And I have a big platform so I do want everybody that’s responsible for these f*cking prices to put that sh*t the f*ck down. They gonna see my sh*t, they might put it down.”
— Cardi B (@iamcardib) January 5, 2023
That’s where Cardi B’s understanding of economics ends.
Contrary to the lies told by the Biden administration and Keynesian economists, inflation is largely triggered by irresponsible government spending.
When the federal government cannot bring in enough tax revenue to pay for all the excessive spending, the Federal Reserve simply prints more money to make up the shortfall.
The increase in the money supply means that there are more dollars chasing fewer goods, i.e. inflation.
So while some people were celebrating the extra pandemic check given to them by the Biden administration, they didn’t realize that they were paying more for food, supplies, electronics, rent, and just about everything else.
The hidden tax of inflation is how the government gets away with scamming the American people with the promise of free money.
Some on the left try to argue that the solution is for companies simply to raise wages and stop “price-gouging.”
This is absurd considering most businesses do not operate with huge margins.
On top of that, the cost of labor is already the greatest expense, and it’s made more expensive because of regulation and government intervention.
Every once in a while Cardi B realizes that she and the American people are being screwed over.
Years ago, she demanded to know where her tax dollars were going.
She also went on a rant about rent prices suddenly skyrocketing.
The next step for Cardi B is to figure out why these economic forces are happening.