And y’all thought Jimmeh Peanuthead’s economy was bad.
The poor economy of the 1970s can be traced not to Jimmy Carter, but to Lyndon Johnson. With the spending that the Biden administration is implementing and, even more, that it has proposed, a return to the stagflation of the 1970s may be mild in comparison to what we can expect to get from policies of the current Congress.
The same can be said of the shutting of the Keystone Pipeline and canceling of domestic drilling and oil production. These actions could have results that make the gas shortages of the 1970s pale in comparison.
There is another policy of the Biden administration that is similar to a law passed in 1965: the Hart-Celler Act. This was known as the Immigration and Nationality Act of 1965. This act changed dramatically the immigration policy of the United States. Our immigration policy went from one of bringing in immigrants who could contribute to the betterment of the country to one in which immigrants were chosen by where they came from.
It is similar to the fiasco that Biden created on our southern border with his reversal of President Trump’s immigration policies. The three executive orders he signed to this effect place more financial strain on the nation. With jobs going to illegals and illegals receiving benefits at taxpayer expense, there is added cost placed on our economy.
The American philosopher George Santayana said, “Those who cannot remember the past are condemned to repeat it.” This was stated in his work, The Life of Reason: Reason in Common Sense. The political left seems to do this all the time and is quick to give the same excuse when confronted with the truth: “It didn’t work in the past because we didn’t throw enough money at it.”
We may be returning to the economy of the 1970s, but that poor economic period had its roots in the 1960s. If we are witnessing what has been compared to the 1970s, what does our future have in store for us?
Nothing good. Which brings us to tonight’s Tune Damage embed.