'This painful inflation and its broader economic consequences directly result from bad Democratic policies.'
This painful inflation and its broader economic consequences directly result from bad Democratic policies. Exhibit A: Trillions of dollars in reckless spending in 2021 when the economy was recovering led to too many dollars chasing too few goods.
Exhibit B: The numerous government programs such as expanded unemployment insurance through most of 2021 that encouraged Americans not to work, reducing labor supply and pushing up costs.earlier this year, runaway inflation should discredit Democrats’ fiscal and monetary policies.
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