House Republicans are working to undermine the White House’s economic agenda by zeroing in on — and trying to exacerbate — voters’ fears of inflation.
When ya got nuthin’, fear monger…
Republican leadership hope that capitalizing on fears * * * will help them regain the House Majority.
Yep. That’s pretty much all they’ve got.
"Nothing unites like fear and hate."
Be afraid. Be very afraid.
Fear of a nonexistent boogyman is all they have.
Of the GQP.
But, I don’t think that’s why they had in mind.
Lots of economists are screaming about the threat of inflation as well. I’m starting to wonder if their concern is legitimate since it’s really hard to know the consequences of any radical change in an economic policy. We really are in uncharted waters here, and that always scares people.
GOP: "Well, sure, we bungled the pandemic, telling Americans it was a hoax, & it would all go away if we just used enough hydroxychloriquine & drank enough bleach. And yeah, 600,000 Americans died (most needlessly) and we tanked the economy…
More GOP: “But, but but… You forced us to wear MASKS!! And closed a bunch of schools & businesses for awhile. And spent too much money so people didn’t starve & lose their homes & close businesses. ALL THE DEMOCRATS’ FAULT!!”
LITERALLY could predict these memos, etc., from what I see on the Faux News KKKomment boards. “Blah blah inflation something something stagflation yadda yadda Carter…” is all over them and it’s all so clearly fucking astroturfed I could scream. That and the idiocy about gas prices.
Still waiting for the rest of the MSM to wake the fuck up and use reporting on the Faux News KKKomment boards as a weapon against them. Turnabout is fair play…Faux News spends like 50% of its resources just attacking its competition.
Also, trying to paint Biden as Carter is a “thing” we’re going to see for the next 3+ years. They were doing it with the gas lines that were created by the pipeline attack, trying to raise the specter of the long gas lines when Carter was POTUS, even explicitly making the comparison as if it’s not comparing apples to dildos.
They screamed about inflation all through the Obama recovery they also tried to undermine at every turn. It likely remains horseshit in the macro sense. Supply shocks are inevitable in the short term due to the knock on effects of a pandemic. The subtext with these economic royalists is always the same - supply side yesterday, supply side today, supply side voodoo economics FOREVER!
I thought this would happen. Perception is a big deal with inflation. And though inflation is not “hyper inflation” “hyper inflation” is what people remember as being terrible and so it is what they will fear.
That said, I do think reasonable people make good arguments about the likely prospect of inflation due to labor and resource shortages from doing decades of delayed infrastructure work suddenly. That on top of all the shortages and the cash glut we have now. I think SOME inflation is really probable, but I hopefully it will be just a spike.
If we get inflation as a result of avoiding a depression, so be it. We can’t see the tragedy we missed, and that’s too bad, in some ways.
Also the new “one sauce packet” rule at Chick Fil A. Biden’s America.
Anyone else been hit-in-head by falling sky? Me neither.
What I look at is the recovery from the Financial Meltdown. Obama got some relief measures passed, not as much as he would have liked. Then looking at GB and under Cameron and the measures that they didn’t take, which seemed to me to take them longer to recover.
As for Summer’s evaluation we need to get people back to work. But do we need people to get back to crappy jobs, low pay, and can’t afford to support one’s self?
Can’t they do anything useful?
This is how bad it is for the GQP right now:
MAY 19-23 Rasmussen Reports/Pulse Opinion Research
Biden Approval
1,500 LV 1.34
Raw: 54% 43%
538 Adjusted: 57% 37%
Yeah…Even Ras with the 20% spread.
what does that mean?
I’m just waiting for the pandemic holds on evictions to expire, should finally kick the legs out from under the unnatural spike in housing prices over the last year and readjust things a bit back towards normal.
The worries about inflation appear largely to ignore the temporary nature of a lot of things like that, checks, other support and the like which have buttressed spending in the near-term.
Once those start to expire, we’ll start seeing the hand-wringing about stagnation or even deflation.
It’s pages one to the end in the rethug playbook.