Rising prices may be the Democrats’ undoing in midterms, so no wonder Joe Biden gets riled up when asked about it
US President Joe Biden landed in hot water after insulting a Fox News correspondent in a hot mic gaffe. Peter Doocy appeared more amused than angry, however, over being called a “stupid SOB” by the big man in the Oval Office. And with most of the US media on the Democrats’ side, the president will hardly be branded an enemy of the free press over the incident, unlike his Republican predecessor.
The invective reaction was triggered by a question on inflation and whether Biden considered it a liability for the midterm elections. “That’s a great asset, more inflation,” the president mused, before dunking on Doocy’s mental capacities.
The response arguably demonstrated how big of a concern the rise of consumer prices at a rate unseen in decades is for his party. The US consumer price index climbed 7% last year, according to Labor Department data, marking the largest 12-month gain since June 1982.
More direct corporate greed is another aspect. Big businesses are enjoying record-high profits despite all the hardships that the US faced as a nation. Voters across the political aisle seem to agree that a lack of competition in a country that supposedly champions the market economy is to blame for inflation.
Meanwhile, companies that cannot or would not offer workers better terms are finding it hard to fill the vacancies, as many workers would rather ditch unfulfilling jobs and walk into uncertainty. Some may dislike the nationwide walkout, even compare it to a disease, but it cannot be ignored. And it fueled inflation to some degree as transport companies struggled to get all hands on deck to make deliveries.
Considering this toxic legacy, it’s no surprise that the GOP does its best to cudgel Biden personally and his party with predictions that if he gets his social spending agenda past internal dissenters, inflation would spiral out of control. And it doesn’t take a degree in political sciences to see a red wave likely coming in November, margaritas and kickboxing classes be damned.
https://ift.tt/2i4b67e 25, 2022 at 07:37PM
from RT – Daily news
