President Donald J. Trump meets with House Speaker Nancy Pelosi and Congressional leadership Wednesday, Oct. 16, 2019, in the Cabinet Room of the White House. (Official White House Photo by Shealah Craighead)
Americans have been enduring inflation more punishing than anything they’ve seen in decades. At first, the Biden administration, the Fed, and their allies in the media pushed the story that inflation was “transitory,” and that they had it all under control. That has proven to be false, and now Americans’ attention is being directed toward events abroad. Victor Davis Hanson suggests at American Greatness that inflation woes will deliver historic losses to Democrats in November. He writes:
This disaster for their party will come about not just because of the Afghanistan debacle, an appeased Vladimir Putin’s invasion of Ukraine, the destruction of the southern border, the supply chain mess, or their support for critical race theory demagoguery.
The culprit for the political wipeout will be out-of-control inflation—and for several reasons.
Biden in Denial
VDH suggests that despite Americans knowing how bad inflation is, Biden & Co. are in denial.
First, the Biden Administration is in such denial of inflation that it sounds to Americans simply callous and indifferent to the misery it has unleashed.
Biden officials have scoffed at price spikes as “transitory.” Or they have preposterously claimed spiraling costs are a concern only to the elite. They blame the Ukraine crisis. Or they fault the out-of-office bogeyman, Donald Trump.
The administration assures us that consumer prices are only rising at an annualized rate of 7.5 percent—as if the steepest increase in 40 years actually is not all that bad.
Yet the middle class knows that inflation is far worse when it comes to the stuff of life: buying a house, car, gas, meat, or lumber.
Inflation Doesn’t Care if You’re Republican or Democrat
Inflation is hurting everyone, and that’s dangerous for politicians, continues VDH.
Second, inflation is an equal opportunity destroyer of dreams. It undermines rich and poor, Democrats and Republicans, conservatives and liberals. It unites all tribes, all ideologies, all politics against those who are perceived to have birthed the monstrous octopus that squeezes everything and everyone it touches.
The conservative passbook holder sees his meager life savings eaten away. The liberal teacher’s car payments stretch from six to 10 years.
The prospective Republican home buyer sees his hard-earned potential down payment eaten away each month. The Democratic carpenter feels his new higher wages buy even less.
It Only Took Biden a Year to Break America
VDH concludes that in only a year Biden has broken American energy independence, and endorsed the crackpot economic theories of the radical wing of the Democrat Party.
In just a year, Biden reduced America from the greatest producer of gas and oil in the history of civilization to an energy panhandler begging the Saudis and Russians to pump more of the oil that America needs but will not tap for itself.
Americans know the inflation octopus was willfully birthed. They are confused only whether Team Biden unleashed it out of incompetence—or a neosocialist idea of eroding the value of money for those who had it while gifting cash to those who didn’t.
Or was Biden deluded by crackpot “modern monetary theory,” the fool’s gold that claims printing money ensures prosperity?
In the end, it doesn’t matter whether Biden was deluded or diabolical. Come November, Americans will rightfully blame him for willfully damaging their lives.
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