Smell..

 

 Biden faces challenges that are strikingly similar to those that bedeviled Carter: surging prices for gasoline and other consumer goods, serious new tensions with Iran and Russia, anemic poll numbers. 

The danger for Democrats is that the bad odor surrounding Carter’s presidency the smell of failure that led fellow Democrats Bill Clinton and Barack Obama to marginalize him at four Democratic conventions has begun to waft onto Biden, who was the first senator to endorse

But for all the deja vu, it’s ahistorical to assume that today’s status quo will apply as the 2024 election gets underway. Given the underlying strength of the economy, Biden is likely to face a repeat of “stagflation” — a ruinous combination of slow growth and inflation. 

In the 1970s, generous labor union contracts and automatic cost-of-living increases embedded inflation in the economy. 

Skyrocketing energy costs, arguably the main driver of inflation, were a product of post-revolutionary supply disruptions in Iran and OPEC’s stranglehold on oil. 

 While Carter faced outside forces, Biden caused it himself.  Keystone pipeline, Russian Sanctions on oil, natural Gas, Money giveaway, and as a result Inflation sky rocketing. This is the New, Democratic Party, taking the country to a new direction.  Just a thought.