Commentary Americans have a great sense of smell when it comes to lies. Just when President Joe Biden’s negatives hit the cellar, newly minted, transparently dishonest assertions from him reveal that—like the five underground floors of the nearly century-old landmark Federal Reserve Bank of New York Building in lower Manhattan—there are actually basements beneath the basement to which it is possible to descend; amazingly, Biden’s approval continues to sink from bad to worse. Asked last week by NBC’s Lester Holt about the nation’s worst-in-40-years 7.5 percent consumer inflation, the president claimed, “The reason for the inflation is the supply chains were cut off, meaning that the products, for example, automobiles—the lack of computer chips to be able to build those automobiles so they could function; they need those computer chips. They were not available.” To combat his historic inflation, Biden promised “I am going to do everything in my power …