Joe Biden’s Plan to Defeat Inflation: ‘Lower Your Costs’
President Joe Biden said his plan to fight inflation is to “lower your costs, not your wages,” during his first State of the Union address on Tuesday.
After Biden and his advisers pretended for months that inflation would be “transitory,” it appears he is ready to address the issue. During his State of the Union speech, Biden addressed his plan to fight inflation.
“One way to fight inflation is to drive down wages and make Americans poorer,” Biden said Tuesday evening. “I have a better plan to fight inflation: Lower your costs, not your wages.”
According to Biden, his three-step plan to lower costs in different sectors will address the highest inflation levels our country has seen in over 40 years. Biden said cutting the costs of prescription drugs, energy, and child care are included in his plan to defeat inflation. However, Biden failed to explain how the costs would be lowered or how they would impact inflation rates. – READ MORE
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