Trade Wars

Economic woes: Biden blames Trump. Trump blames Biden. They are both right. | Chroniclers

“The Biden administration,” Eric Garcia reports to The Independent, “tries to shift responsibility for the country’s current supply chain crisis at the feet of the Trump administration as the country faces a series of problems shipping “. White House Chief of Staff Ron Klain in a tweet refers to congestion in US ports as “like many other issues we have inherited.”

Of course, Trump doesn’t care. “COVID is out of control, our supply chains are collapsing with few products in our stores, we have been humiliated in Afghanistan, our border is a complete disaster, gas prices and inflation are rising – how is Biden? Do you still miss me? “

Klain and Trump both omit the embarrassing fact that when it comes to real politics – on COVID-19, on trade, on the economy, on Afghanistan (the only bright spot), on travel and the immigration – Biden enthusiastically sets out to serve Trump’s second term.

After four years of trade wars and 18 months ransacking various sectors of the economy in the name of “fighting COVID-19”, while starting up the fiat money printing press and handing out large piles of cash to everyone newcomers, the US government has drawn a flock of chickens home to roost their tail feathers on the US economy.

No real chickens, mind you. Poultry is so rare that WingStop renamed itself ThighStop “to combat the volatility of chicken wing prices”.

Ships pile up outside US ports, without enough stevedores to unload them or truck drivers to haul the cargo to store shelves. Healthcare workers are sacked and Southwest Airlines pilots are wildcat strike over vaccination warrants, even though Biden’s proposed OSHA rule has yet to come into effect.

In my column for January 19, I predicted that the Biden administration would be “business as usual, business as usual.” I was wrong. It’s business as usual on steroids.

The government is always a drag on the economy. Every dollar he spends – after plundering your paycheck or borrowing it on your behalf – is an “investment” in making us all poorer than we would have been if we had left our own lives. Each rule he proposes makes it harder for us to thrive.

Usually, however, we generate wealth faster than a Trump or Biden can steal and explode. Years of appalling trade and economic policies, combined with politicians’ eagerness to expand their power by causing and exploiting mass hysteria over COVID-19, has turned that equation upside down.

Government has always been too expensive, but now we’ve reached a point where we clearly can’t afford it. Not if we want to survive, anyway.

Thomas L. Knapp (Twitter: @thomaslknapp) is Director and Senior News Analyst at the William Lloyd Garrison Center for Libertarian Advocacy Journalism (thegarrisoncenter.org). He lives and works in North Central Florida.