Government Watch / Politics

Democrats Have Only Themselves to Blame for the Inflation Fiasco

bill

It’s been quite a spectacle watching people who credit Democrats with every job created and every percentage point gained in economic growth suddenly arguing that the White House is completely powerless in the face of our current economic predicament.

Presidents generally get far too much credit and/or blame for our fortunes, but they can certainly exacerbate existing problems. And our political class has certainly aggravated them with unbridled spending and support for policies that disincentivize work and inhibit energy production.

Wholesale prices rose 8.6% from a year ago in October, another record annual gain and the biggest spike in more than a decade. Inflation hit 6.2%, the highest rate of annualized inflation since the 1990s. Whereas once voters were promised “transitory” inflation, today, economists warn that we’ll be in this for a while.

“Reversing this trend is a top priority for me,” President Joe Biden said Nov. 10, after months of his administration’s dismissing inflation as a “high-class” and short-term predicament — there’s “nobody suggesting there’s unchecked inflation on the way — no serious economist,” the president promised a few months ago. Biden’s National Economic Council Deputy Director Brian Deese had argued that inflation was actually a good thing, and the entire administration had pushed the notion that the best prescription to alleviate inflation was more big progressive spending — part of a broader trend of Democrats saying utterly absurd things about the economy.

Democrats have seriously underestimated the frustration that voters, unable to get the things they desire nearly instantaneously, are going to feel, as people such as Jen Psaki crack jokes about supply-chain problems, “the tragedy of the treadmill that’s delayed.” What about rising prices?

Last week, liberal punditry spent a day mocking a Texas mother of nine who groused about rising milk prices on CNN. I’m not sure if Krista Stotler had her all stats entirely correct, but I suspect most voters don’t really care to pinpoint price points. Inflation is something they feel.

Perhaps even more than the education issue that helped sink Democrats in Virginia, inflation remains the most consequential issue in politics right now. It’s hard to spin your way out of a wealth-destroying tax. There’s no one to accuse of racism. No Trump to blame. If we account for inflation, real average hourly earnings, for instance, have decreased over the past year. And all Democrats want to do is spend more money — lots of it.

This week, Democrats, with an assist from some Republicans, approved another $1 trillion-plus infrastructure bill, even as they push through an unprecedented multitrillion-dollar reconciliation bill. All this comes after $6 trillion of deficit spending during the pandemic, which many Democrats argued wasn’t even enough.

Meanwhile, a third of recent inflation increases have been propelled by energy prices, which spiked 6.7%. Biden defenders such as Paul Krugman, who have no compunction blaming Republican governors for seasonal variances in the spread of viruses, contend that Biden has no control over gas prices. Well, the first thing Biden did was freeze new oil and gas leases and shut down future pipelines. Biden now begs OPEC to increase production and help lower worldwide gas prices, but his domestic political goals and action run contrary to this position. Virtually every “green” plan in existence will intentionally, through mandates or bans or taxes or contrived “markets,” make fossil fuels more expensive or reduce use. Expensive gas is their goal. So how can Democrats credibly maintain they have a plan to stop rising prices?

On top of all that, Democrats continue to push for a major expansion in the welfare state during a tight labor market. It is reminiscent of their insistence that unemployment insurance be expanded even after the pandemic had ebbed. Biden’s spending plan includes programs that disincentivize work. Typically, massive “safety net” programs are instituted by Democrats during times of recession, not of growth. There are more jobs than job seekers in the country.

It’s true that governments caused much of the demand shock we are experiencing, needlessly shutting down entire economies during the pandemic. Yet, Democrats have allowed their strident ideological wing to take over the party, aggravating these underlying trends. Why Joe Manchin or Kyrsten Sinema (or Biden, once considered a moderate himself) would follow progressives off into this quagmire defies logic — not only economic but political logic.

David Harsanyi is a senior writer at National Review.

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BAE
2 months ago

They live and die to be reelected. Both sides are always running. The republicans are not as
bad as the democrats but the swamp is filled with both sides. Should be mandatory they resign
at 60. Pelosi, Grassley, Feinstein, Shelby, McConnell, Waters, and the list goes ON and ON.
RETIRE, please!!!!!!!!!!!!!!!!!!

Myrna
2 months ago

Yes democrats have a thin majority but republicans helped pass the infrastructure bill. Some of it became the excuse for the rest of it. Too much spending (borrowed money) is harming the value of our dollars. Democrats are leading the way but too many republicans are joining in because they can see something of benefit to themselves. Continuously all unrelated items are dumped into one law. Credibility and the dollar suffer.

Fred
2 months ago

The Dims keep pushing spending Trillions of dollars and then more Trillions of dollars on stupid things and try to sell it as infrastructure, it isn’t, then try to make you believe it will make your life better, it won’t, then Biden says it won’t cost a penny, but you know it will, so much that your great great grand children will still be paying interest on it, if Biden’s lips are moving, he is lying.
Then as the printing presses overheat from printing so much money he says it won’t cause inflation, it has and it is increasing rapidly. Everything we buy has gone up in price and that will continue unless and until we get rid of Biden and his socialist leftists.
This also means that your dollar was worth a lot more before Biden was fraudulently elected than it is today.
With the increased cost of fuel oil, natural gas and propane for home heating, groceries to put food on the table and gasoline to get to work, many will find this a very difficult winter to survive.

Mike
2 months ago
Reply to  Fred

Convention of States is our only hope to reject all,, ALL of the carpetbaggers in Washington D.C.

Joanne 4 justice
2 months ago

WE the People NEED TO TAKE BACK CONTROL OF GOVERNMENT !!!!

Rich
2 months ago

Start in 2022.

Sue Scott
2 months ago

We The People are also to blame For Allowing It!
Where can I Post a picture of Text?

PattyRN MA
2 months ago

The blame for this debacle lies not with the Democrats but with the people who elected them. You have to be brain dead to watch Antifa, BLM and other terrorists groups take over our country while the government sits idle by. Think before you vote. Challenge the candidates. Work actively in your community to support the conservative values that are the hallmark of the United States of America. Attend the church of your choosing. Follow your faith. When you stand before God you will not be asked if you succeeded but “Did you try?”

Rich
2 months ago
Reply to  PattyRN MA

Well said PattyRN MA! And, EVERYONE remember too VOTE.

Willie
2 months ago

I talked with a democrat the other day and I asked him does he think that he will get to heaven. He told me he was a Christian. I told him if he was a democrat and believe there way he would never get to heaven and he is not a Bible believer Christian.If you are voting democrat you are a murder,robber,lyre and you will not get in heaven.

Kim
2 months ago

I don’t remember who said it, but it was one of the dems (in addition to Biden): “Inflation is a high class problem.” Oh, great. Now it’s something to aspire to?! Leave it to the dems and their co-conspirators, the MSM, to reshape a massive problem into a progressive value.

Enuf Said
2 months ago

Well, Piss-Lackey-IF you dumb behind Democraps had continued the trend of Trump, we would NOT have the Dems so called supply chain debacle. It would certainly be grand if our products were made in THE USA instead of China– but then that contradicts the Democraps narrative AND guts their bribery payments from the Chinese. ALL the countries problems have the support of Biden and his evil, Satanic followers. Biden will be the ONLY POTUS that makes Carter and Obozo look half-way decent. When I hear people complaining, I tell them–“I didn’t vote for the fool–DID YOU”? If they don’t respond-YOUthen know that these people are not ON the way-But are IN the way!!

GTPatriot
2 months ago

The mess is on the dems but its more about those who voted for them and about how many times they voted.

Enuf Said
2 months ago
Reply to  GTPatriot

EXACTLY!!

Philip Hammersley
2 months ago
Reply to  GTPatriot

DIMMS are successful with the nursing home AND cemetery vote!

GTPatriot
2 months ago

Hey we could have done something about this a year ago and didn’t. We voted for this We got what we deserve.

Enuf Said
2 months ago
Reply to  GTPatriot

Please do not include me in your WE!!

Ruth A Lance
2 months ago
Reply to  GTPatriot

Don’t include me in your “we”. I voted for Trump and talked to others about voting for Trump.

GTPatriot
2 months ago

Gas will be $5.00 per gallon by July. We will soon be riding bikes to the level they ride them in Amsterdam. Wages are rising rapidly since few want to work and those seeking jobs paying
under $50K are rare. This will be exacerbated by the new $1.7 trillion social spending bill which
will further discourage work just like Covid trillion dollar handouts did. Housing which was somewhat reasonable 5 years ago is no longer obtainable. Buyers are willing to pay 10% over
asking price thus making housing prices rise 10% per year. All this causes inflation which will continue until the Fed throws the breaks on low interest rates.

Robert belcastro
2 months ago

The Democrats, all of whom have gotten financial support from George Soros, all are working on bringing his agenda to fruition. His agenda, which can be heard in interviews he has given over a many year time span, probably viewed on Youtube also, is to bring down America and turn it into a communist or worse type of society. Inflation is just part of their game plan. It is not an error in judgment on the part of imbeciles in government office or bureaucrats that they appoint. Degrading of our society and destruction of our economy is part of their plan. OF COURSE they KNOW the effects of lavishly printing paper money! If we don’t get Soros, his son and their over 200 ACTIVE organizations operating within the U.S. right now to bring our society down, the destruction will continue. Stop Soros and we have a chance of stopping this destruction.

Ruth A Lance
2 months ago

Good idea, but, how? We certainly can’t out spend him on political causes.

Steven H
2 months ago

It’s all part of their plan.

Backwoods
2 months ago

U cannot use Logic and Democrat in the same sentence. They use fear tactics, racism, class warfare, to divide us. We must stand together if we are going to beat these ideologs. You hear term limits we are the term limits quit voting the same people back into office.

Enuf Said
2 months ago
Reply to  Backwoods

EXACTLY!!

Morbious
2 months ago

Huh? Defy logic? According to their playbook they’re winning. Remember‘fundamental transformation’? They’re doing it. This is how a century of progressivism culminates.

Hal
2 months ago

To say that the Democraps have only themselves to blame regarding inflation doesn’t quite fit their political strategy and policy. They blame everything bad on anyone or anything that doesn’t make the Democraps accountable. The Democraps are about RULING, not GOVERNING, and will follow the Communist tadtics playbook as if they invented it.

johnh
2 months ago

After 47-years in office, you would think that Biden would understand economics, balanced budgets, and inflation causes —- but he does not seem to understand or care at current time.

Hal
2 months ago
Reply to  johnh

When you are as crooked as a sled dog’s tail, you don’t care about anything other than your and your Parties welfare.

Philip Hammersley
2 months ago
Reply to  johnh

Biden was in the lower half of his class–he understands NOTHING but filling his pockets and those of his whole family!

Kim
2 months ago

And the only reason he got by in college was because of plagiarism…not the straightest arrow in the quiver. But at least he’s consistent—consistently lying, cheating, stealing, and obfuscating.

Ruth A Lance
2 months ago
Reply to  johnh

He does not care for the American people (reference Afghanistan). It appear that he can’t think for himself and is led around by the nose by the socialists. I am angry at the people who voted for him just because they didn’t like Trump’s mouth.

Rich
2 months ago
Reply to  Ruth A Lance

Just how much DOES Biden understand now?

Russell
2 months ago

Do you think Biden, Pelosi and the rest of the Democrats care about inflation? They will never feel the impact it has on the average person their vehicles/jets will always be gassed up their homes will always be heated or cooled and there will always be food on the table as they sit comfortable and safe inside their walled homes. I would not be surprised if things get tough for them if they vote themselves a raise. I don’t know how long the AMERICAN people will put up with these clowns but those who voted for them are FOOLS or sick and into SELF-TORURE!!!

BwaHa
2 months ago

If biden’s going to spend like a drunk sailor then he’s going to have to be held accountable for all of the failures he’s causing via his drunken sailor spending spree. I don’t like ol’ slow joe but, if he was even somewhat reasonable he’d see what kinds of problems he’s been stirring up and causing via his failed presidency. The fool’s really on a fast track to destroy our Constitutional Republic. I can’t help but wonder which global dictator’s pulling his strings. I have my thoughts… eh “China Joe”!

MAGA2024! TRUMP2024!
FJB! Let’s Go Brandon!

johnh
2 months ago
Reply to  BwaHa

Please knock off with Brandon stuff, rather childless.

Enuf Said
2 months ago
Reply to  johnh

CHILDLESS– I believe you mean the adjective that describes you liberal Democraps- that is CHILDISH– by the way–BUCK FIDEN. Now put that in your smipe and poke it!!

Philip Hammersley
2 months ago
Reply to  BwaHa

At least drunken sailors spend THEIR OWN MONEY! Not so, corrupt, senile DIMMs!

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