December 11, 2024
Gee, one free trip to the grocery store, or maybe a couple tanks of gas!
NY Gov. Hochul Announces Questionable Plan to "Fight Inflation" by Giving Everyone $300
Of course this is money coming out of the pockets of people who are struggling with inflation to give them this shopping spree in the first place. At least with the Feds they just print more money; state governments cannot do that. It's just musical chairs.
Hochum's scheme was met with derision. From the article:
"If you cut taxes and spending as an actual leader would do, you don't have to rely on gimmicks that reek of desperation and incompetence," replied former state Assemblyman Steve McLaughlin, a Republican.
Others mocked her for trying to fight inflation with a "solution" that would likely lead to higher inflation.
"Maybe take a basic Econ 101 class before proposing legislation. What's next? Is your plan to fight obesity to give everyone over 250lbs free donuts?" read one response.
"Giving out more money to people as an 'Inflation Refund' is literally the dumbest and least intelligent solution to inflation ... maybe ever," responded entrepreneur Darin Feinstein.
"This reads like satire to me. Handing out government money in an inflationary environment is exactly how more inflation occurs. It’s adding fuel to the fire," read another response.
Wouldn't it be amazing if New York would elect a Republican governor? They've had them before, after all.
Hochul is attempting to do a magicians act here, making it appear she's doing something about inflation when in fact she's just waiving her magic wand and saying "hocus pocus" and hoping to fool the audience. Sadly she's a rank amateur magician who fools nobody.
Posted by: Timothy Birdnow at
09:21 AM
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