The Biden administration has just hit the highest inflation in over 30 years. To slow or even stop inflation, one has to raise interest rates. Our Fed rate should be about 4% to 8%Â but to deny the issue of inflation problem just lights a match to a forest of kindling and gasoline.
Very few people actually have solutions. Fox News gave a report on one problem not just with inflation, but in transporting products. In California, the government made a policy that restricts trucks that picks up or delivers products to the docks in any shipyard in the state. They do not allow any trucks over ten years old to process products. The reason is that this restricts such activity to large, centralized trucking companies that can be controlled by the government much more thoroughly. It’s silly, though. Why not allow 20-year old trucks to process products at the shipping yards? This will help relieve the congestion at all docks, especially around Long Beach and Los Angeles harbors.
Next, if President Biden administration allow our pipelines to open and allow fracking, and the use of coal and bingo gas, oil, coal would drop in price and actually get the United States to become energy independent again. When you raise the price of all this energy you hurt the poorest of Americans. Come on President Biden and administration get your head out of your rear and wake up.