The president entered office with a 1.4% inflation rate and spiked it to 7%. 30-year mortgages of 2.7% soared to 6.5% in less than two years. Eggs are $7 a dozen. A thin steak is $15 a pound. A sheet of plywood is $95. Gas averaged $2.39 a gallon when the president took office and even after draining the Strategic Petroleum Reserve it is still $3.50 a gallon. In my state, California, gas has recently been over $5 a gallon. The price of natural gas has tripled in less than a year. In two years over 5 million foreign nationals poured into the United States—all illegally across a nonexistent border. The president said that he “lowered” inflation, energy prices and interest rates after sending them to astronomical levels and then seeing them momentarily taper off a bit. Like Nero bragging about rebuilding Circus Maximus after burning it down. He omitted… Read more →
EppsNet Archive: Nero
President Nero
Last weeks jobs report tanked the stock market; the president took weeks to assert control of the oil spill that threatens doom on the Gulf Coast — but at the White House the Gatsby-like parties roll on as if happy days were here again. — John Gibson – NYPOST.com Read more →