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The Biden Inflation Octopus - Victor Davis Hanson


Geee

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American Greatness

The Democrats will suffer historic losses in the November midterms. 

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.  

 

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. 

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:snip:

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@Geee

"If only companies would paid their workers more and not charge so much, we could end inflation."

As Insane  as this sounds I actually recall reading something like this the other day!

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