Senior Democrats tend to forget that most Americans don’t hate Trump or love abortion as much as they do. Voters care more about the cost-of-living and crime. Under Biden, inner-city violence has rocketed. So have food and gas (petrol) prices.
The Inflation Reduction Act may turn out to be one of the worst-named pieces of legislation in recent history. It did little or nothing to reduce prices and in fact introduced yet another vast bout of inflationary government spending in the short-term, while promising higher tax revenues (the hard part) down the line.
Bidenomics is no saner than Trussonomics, when you think about it, although the American economy is of course much more powerful than Britain’s.
Biden seems to have taken a gamble that inflation will come down to a non-frightening level in time for the midterms. That hasn’t paid off.
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