I overestimated Joe Biden again.
In 2021, I discounted the impact that the tidal wave of federal spending combined with supply chain issues would have on driving up inflation. We were repeatedly told at the time that this was “transitory inflation” which was expected to taper off after a few months.
In 2022, I assumed that high inflation would persist for a few months before tapering off over the summer. I also assumed that Joe Biden and the Democrats would find a way to dodge a big foreign policy crisis like a war in Ukraine. Instead, we have a clusterfuck in Ukraine, which has led to an energy shock and runaway inflation that is hammering the working class and middle class. Secretary of State Antony Blinken could have avoided the crisis by simply saying publicly – that Ukraine wasn’t joining NATO – which he had already said privately to Zelensky. He stuck to the non-open open door policy.
Next year, I will have to think more like impulsive blue check liberals on Twitter. Obviously, I personally wouldn’t have made rash foreign policy moves that were guaranteed to aggravate inflation and gas prices ahead of the midterms because I think in terms of experience and consequences of actions. Twitter was only thinking that Vladimir Putin is an evil dictator who must be severely punished.