A.G. Gancarski
Gov. Ron DeSantis warned of “significant headwinds” of inflation.
“Those are, I think, are beyond our control at the state level,” the Governor cautioned about inflationary pressures during a news conference in Bay Country Friday.
“It’s (inflation) being driven, I think, by a lot of the really bad policies coming out of Washington. That eats away at families’ budgets. Gas is going through the roof. I mean, it’s incredible how much gas has gone up,” DeSantis said.
Worries about inflation becoming a longer-term reality for the economy are reflected in the bond market. The yield on the 10-year Treasury has jumped from 1.32% to as high as 1.54% during the past two weeks.
Analysts are warning that persistent inflation could continue crimping companies’ bottom lines and consumers’ willingness to spend, which would mean a continued slowdown for economic growth.
“And just building things, everything’s more expensive,” DeSantis groused. “People want to come and build homes here. It’s harder to build them because it’s harder to get the materials. It’s more expensive and everything.”
DeSantis claimed inflation had had a “huge effect” before attacking a nebulous “they” for a seemingly faulty claim that it wouldn’t be a long-term pressure.
“They said that this was not going to be something that was sustained. Yet we see it. It’s sustained. It’s real,” DeSantis said, before berating federal partners for not “doing the energy resources that we have.”
“We should be doing the pipelines. We should be doing the stuff at ANWR and the other things so we can be energy-independent. Instead, we’re now begging OPEC to lower prices. That’s not where you want to be,” DeSantis added. “Inflation needs to be dealt with. Gas prices need to be dealt with.”
This year, of course, DeSantis signed the largest budget in state history … a document that would have been impossible without significant federal aid driven by inflationary spending.
Florida’s $101.5 billion budget for FY 21-22 was $9.3 billion larger than the past year’s $92.2 billion budget, a more than 10% increase fueled in no small part by federal virus aid from the last two presidential administrations. That includes $8.8 billion in virus aid, using a formula DeSantis and other Republicans have framed as biased toward “blue states.”
The money helps in several areas, including education. Education Commissioner Richard Corcoran said earlier this year that Biden’s virus aid package amounted to “more than a third, close to a half of our total K-12 budget.”
When signing that budget in June, DeSantis acknowledged that “the bill” would come due, meanwhile.
“And look, in the last 15 months, this federal government has added more to the debt than we’ve ever seen since World War II in such a short period of time. And my view on that is something’s got to be done. There’s got to be; the bill’s going to come due somehow. Whether it’s higher interest rates, higher inflation, I’m not sure, but it is a concern when you look around and see the gas prices.”
11 comments
Standard Lefty Troll on Fuck'n Steroid
October 8, 2021 at 1:45 pm
Evil evil evil DeAnus Death Santis hate hate hate
Alex
October 8, 2021 at 2:15 pm
No stupid, it’s because of the pandemic that’s outside of any political finger pointing nonsense, and the feds absolutely necessary policies to keep us from falling into recession.
DeAnus is desperate to make points with his ignorant base.
Christ this guy is a hack.
Frankie M.
October 8, 2021 at 5:41 pm
Where was this concern about spending when Trump was in office? I didn’t hear a “blip” from Ronnie then about any of this back then…awfully convenient he’s found his voice now. Is inflation the reason why he’s sitting on $2B in covid relief aid for Florida schools? Is he worried about the money supply if he releases into circulation or is it just because he’s a petty asshole. My vote is the latter.
If he thinks gas is bad he should check out California next time he’s out there giving donors a rub & a tug.
Tom
October 9, 2021 at 7:30 am
Three dumb ass socialists who know nothing bout macro or micro economics.
You idiots. Inflation is at 30 yr highs and rising.
It’s wiping out any employment gains for lower middle class and middle class wage earners.
Gave you know clue? How ignorant are you Alex, Frankie & clueless troll.
Governor Ron is forewarning the larger issue.
The only way to stop runaway inflation is to raise interest rates which makes borrowing harder. That decimates middle class families.
Typical cheap shot from Frankie. Covid decimation of education along with suicide with lockdowns is liberal burden. Of course you have no responsibility.
Florida’s revenue budget had been growing aggressively due to Govs open economy allowing investment in infrastructure and environment.
Once again liberal cocoon ignorance strikes.
You three are disgraceful.
FP Monito
October 9, 2021 at 10:52 am
It’s a big mistake is to respond to anything Tom posts. He’s an ignorant Trumpster hack simply looking for attention. Do yourself and all of us a big favor …… ignore all of his return comments. Maybe the internet troll will go away.
Tom
October 9, 2021 at 5:26 pm
Maybe f p monito will get a lobotomy.
IF U C K, tell her Y O U you, Alex.
PeterH
October 9, 2021 at 8:56 am
A direct line can be drawn to Trump’s global trade tariffs, a drought in Taiwan that slowed chip manufacturing, a fire in a chip manufacturing plant in Taiwan and a global pandemic that has destabilized supply movement. While vaccination is improving in the USA…… only 10% of the world’s population has been vaccinated.
Do your Christmas shopping early this year. It took four months to order a new car at full sticker price but selling my used car was a windfall.
How responsible of DeSantis to search elsewhere for inflation’s source! LOL
Ocean Joe
October 9, 2021 at 9:42 am
How dare you inject actual facts into this discussion!
I would add that having a president who totally botched the US readiness and response didn’t help either. I would also fault the current admin. for failing to take extraordinary measures to eliminate bottlenecks in the supply chain. One of those ships hanging around apparently caused an ecological disaster.
Tom
October 9, 2021 at 5:48 pm
What a weasel moronic reply from weasel peter h.
Are you so stupid, earlier this week you were wetting your pants over vaccines.
2 million illegals crossing the southern border. Thousands abandoned in Afghanistan.
Did you see read Biden’s HHS affirm, compliment America’s Governor on vaccinating number one, seniors in America. DeSantis the best unlike alzie Joe and giggles Harris. Max Incompetence.
As for your ignorance on computer chips, we gave away our manufacturing to Asia/China when we allowed China into WTO, bipartisan.
Nokia is building two chip plants in Arizona. Gov Ron has space coast 2000 new jobs, new manufacturing plant. $200 million investment from orbition.
Ocean Joe your cheap shots don’t go unnoticed. Trump team
Got the vaccine mastered, all 3 were paid to produce mass quantities. Pfizer did research but has benefited from treasury. You pathetic cocoon Manchurians are disgraceful.
BTW, Gov Ron initiated the monoclonal, Biden didn’t know it was avail. No FDA commish still.
Merck therapeutic was avail much earlier this year and they didn’t release it. Incompetent.
His polling has collapsed through the floor.
You guys are a joke!
Trump 2024 and 2028
October 11, 2021 at 9:17 am
tom is a Russian BOT!
Tom
October 11, 2021 at 8:14 pm
Of course, you graduated from Manchurian Univ.
You can’t deal with facts, but you are ignorant.
Compare 12 months ago to present time, you uneducated Dummycrat.
Please do defend incompetent Alzie Joe and giggles Harris. Dumb and dumber.
Waiting, call Alex, JD, Frankie, Peter weasel” H, Lorraine, Hoffman and any other curb crawler like yourself.
GOP will thank Alzie Joe next November. 50 seat net House swing.
I figured, no accomplishment at all not even the vaccine. Pathetic.
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