Are we at the part of the Biden presidency yet where we hear Kamala cackle and proclaim, “Let them eat cake?” Because if not, we’re certainly close.

Joe Biden faced embarrassing (well, if he were capable of feeling embarrassment) headlines Friday morning when he woke up in Los Angeles — the new inflation numbers were out and, even with the skewed manner in which such statistics are now reported, they revealed that inflation is at its highest level in 40 years. It was only a few months ago that Biden claimed any inflation was transitory and we’d be just fine. We’re not.

What was Biden’s solution? For the most part, there is none. As Bonchie perfectly summarized after Biden’s speech at the Port of Los Angeles:

Despite Biden’s assertions in his speech, gas prices are not up because of greedy oil companies. Shipping costs are not up because of greedy shipping companies. Those prices are up because of the horrible monetary policy of the Biden administration. Spending $2 trillion out of the gate–when the economy was already overheated–was a recipe for disaster, and now the president has stuck you with the bill. In the face of that crisis, instead of being a leader, Biden continues to mumble falsely about Russia and bash oil companies.

Sure, Biden wants to have Congress pass some bill limiting the profits of shipping companies, but that’s hardly a solution for what ails the economy. People who have been here before — as in people who remember the 1970s — see the writing on the wall and need to see leadership. We know, because we remember Jimmy Carter, what being leaderless during tough times is like, and how it prolongs the misery. And right now, in addition to being leaderless, we’re not being told the truth by anyone in the White House, the Democrats in Congress, or any administration official. We know the truth, because we see it on the price tags and empty bank accounts, and because we still, thankfully, have a free press.