Senate Democrats are reeling as they head into the 2024 election season.
And they are trying their very best to explain away Joe Biden’s disastrous administration.
That’s why John Fetterman couldn’t understand what he was hearing when this Democrat told one colossal lie about “Bidenomics.”
Vulnerable Democrat Senator caught in a big lie about the inflation he helped create
Pennsylvania is shaping up to be a key battleground state in this year’s Presidential election.
It also happens to be home to a U.S. Senate race where a vulnerable Democrat is trying to win re-election.
Senator Bob Casey (D-PA) has been fortunate that he’s only been on the ballot in years (2006, 2012, and 2018) when the political landscape has favored Democrats.
But 2024 has turned out to be a giant problem for Casey and Democrats in general.
Now, Casey is on the defensive due to his consistent, reliable, down-the-line support for President Joe Biden’s entire socialist agenda.
Inflation is the top issue this election cycle as voters are suffering from the high cost of living due to Biden’s policies.
Prices are up more than 20% since Biden took office in January 2021.
Rather than admitting that the reckless spending and disastrous “Bidenomics” agenda he voted for is to blame for the cost-of-living crisis working-class Americans now face.
Instead, Casey has decided to point the finger at “greedy corporations.”
He blamed Walmart, Target, and Amazon for so-called “greedflation,” which he claimed is the real reason Pennsylvania families are being forced to pay higher prices.
And this year alone, Casey’s campaign has already spent more than $7 million on TV ads that focus on denying inflation.
His bizarre theory is that inflation simply doesn’t exist and that high prices are completely the fault of greedy corporations jacking up prices.
“Given the slowdown in the price of goods since at least late summer of 2023, Americans should have been seeing decreases in prices for many products for over a year, not just now,” Casey stated. “This reaffirms that the price increases that consumers have been confronted with have not been inflationary increases, but instead, greedflation-related increases.”
Of course, big corporations are certainly not guiltless in many of the issues Americans face today.
Walmart employees, for example, cost U.S. taxpayers over $6 billion in annual public assistance, like food stamps and Medicaid, despite the company generating roughly $5 billion in profit every three months.
But Casey’s claims simply don’t hold up to scrutiny.
Even the Federal Reserve has thoroughly debunked Democrats’ “greedflation” myth
In a recent study, the Federal Reserve Bank of San Francisco pinned the blame for inflation on “the combined effect of supply chain disruptions and a drop in labor supply during the post-pandemic recovery that occurred just as consumer demand rose.”
The study also ruled greedy corporations are not a culprit in rising prices.
“Data for the current recovery show that the increase in corporate profits is not particularly pronounced compared with previous recoveries,” the study stated. “Markups also have not played much of a role in the slowing of inflation since the summer of 2022.”
But corporations are an easy scapegoat for Casey and the Democrats.
Rather than taking ownership for his role in creating the current cost of living crisis, Casey only wants to blame a nameless, faceless boogeyman entity without ever having to do anything to actually solve the economic crisis.
There are some prominent Democrats, like former Clinton Treasury Secretary Larry Summers, who have fully admitted that inflation took off after Democrats’ $2 trillion “American Rescue Plan” passed in 2021.
Summers called the American Rescue Plan, which Casey voted for, the “least responsible” economic policy of the last 40 years.
But Bob Casey persists in trying to ignore his role in creating the worst inflation crisis in the last four decades.