As President Biden’s public missteps have become the norm, people are playing a mental game, holding their breath to see what will come out of his mouth next.
Let’s face it: how can people have confidence in Biden when they have to decipher what he is trying to say more than what he is actually saying?
Tuesday at the 115th NAACP National Convention in Las Vegas, Biden showed America once more that he is not fit to be holding the country’s highest position, much less try his hand at another four years.
In his address at the convention, Biden stopped and appeared to have difficulty reading from the teleprompter before committing to an almost unattainable pledge to limit rent increases to $55.
Umm… unfortunately, that is incorrect, Mr. President. Please try again.
Biden meant to say he was proposing a 5% cap on rent increases for tenants under corporate landlords. In a recent statement from the White House, Biden has urged Congress to approve a bill that offers corporate landlords an ultimatum: set a cap of 5% on rent increases for current units or forfeit important federal tax incentives.
Here is more of the story from Fox 4 KDFW:
WASHINGTON – President Joe Biden has unveiled a proposal that would help put a 5% cap on annual rent hikes for tenants of major landlords in the U.S. as he aims to tackle the high cost of housing ahead of the 2024 election.
The proposal, shared on Tuesday by the White House, calls on Congress to pass legislation that would give corporate landlords a choice to either cap rent increases on existing units at 5% “or risk losing current valuable federal tax breaks.”
The plan is being championed by the president in the middle of a tense presidential campaign and a time when housing costs have been a major driver of overall inflation.
However, such a plan would require solid Democratic control of Congress to become law. Additionally, most policymakers have said the best way to limit housing costs would be through more construction and changes to land use regulations.
Biden first previewed the announcement on Thursday at his NATO news conference, adding it to comments that blamed inflation on companies trying to maximize their profits in the aftermath of the pandemic.
“It’s time things get back in order a little bit,” Biden said. “If I’m reelected, we’re going to make sure that rents are kept at 5% increase.”
