This would be funny if it weren’t hitting the average American so hard in the pocketbook and in their quality of life.
A video from 1978 – back in the day when it was legal to poke fun at Democrats — shows legendary comedian Dan Akroyd of “Saturday Night Live” fame playing failed Democrat President Jimmy Carter, who is desperately trying to explain away his failed policies and why the massive inflation he caused is somehow a positive thing.
“Inflation is our friend,” Akroyd begins, mimicking the Southern accent of Carter begins. “For example, consider this; In the year 2000, if current trends continue, the average blue-collar annual wage in this country will be $568,000.”
“Think what this inflated world of the future will mean,” Carter [Akroyd] continues. “Most Americans will be millionaires. Everyone will feel like a big shot. Wouldn’t you like to own a $4,000 suit and smoke a $75 cigar, drive a $600,000 car? I know I would.”
A joke in 1978 is fiscal policy today pic.twitter.com/WALIgGpHH1
— Nomad Nero (@Adventure_Nero) April 3, 2022
Inflation was extremely high during the Carter administration (1976-1980) and spilled over into the early 1980s, but back then, inflation was much more honestly calculated. The government has since doctored the data to downplay inflation so much that the most recent report of 7.9% is really over 15%, according to Shadowstats.
This means that unless you got a 15% pay raise, you got an actual cut in pay thanks to our federal overlords in the Biden-Regime that keeps spending money we don’t have, and thanks to the Federal Reserve, that keeps printing trillions of dollars out of thin air.
Additionally, that “safe” money you have in the bank earning close to zero percent? That money also “safely” lost 15% of its value in terms of purchasing power.
Inflation is a cruel tax imposed on poor and middle-class Americans and is not a laughing matter. But maybe if some of our entertainers and comedians would expose it the way Dan Akroyd did in the late 70s, maybe Americans would elect the next great president as they did in 1980 with Ronald Reagan.