Die skelm grootste kwessie van die 2022 verkiesing, deel 2

N paar weke gelede, I wrote a piece suggesting that inflation could be the dominant issue in 2022 — al het min mense daaroor gepraat.

Wel, na vandag, baie meer mense sal daaroor praat — with newly released data suggesting that prices for everyday goods are higher than they have been in more than THREE decades.
Prices have surged more than 6% year over year, volgens die Bureau of Labor Statistics.
    Soos CNN’s Anneken Tappe aantekeninge:
      Rising inflation has been a hallmark of the pandemic recovery thanks to a potent mix of rampant demand, raw material shortages and choke points along the global supply chains. And the jump in energy costs is only making it worse.
        She also quotes Rick Rieder, BlackRock’s chief investment officer of global fixed income, suggesting that the stimulus money passed by Congress and signed into law by President Joe Biden earlier this year made things worse, not better, as itbolstered savings, household wealth and ultimately demand.
        Inflation is such a potent political issue because a) it’s relatively easy to understand (your money doesn’t buy as much as it once did) and b) it affects every American.
          To illustrate that second point, I’d note a tweet by CNN’s Ryan Struyk detailing the year-over-year price increases across a variety of goods and services:
          That pretty much covers, wel, alles — from grocery shopping to driving your car to keeping your house lit and heated as we head into the winter months.
          Inflation is no esoteric topic — soos, sê, the debt ceiling. It is something that confronts every American every day in some way, vorm of vorm.
          Op sy beurt, President Biden insists that this latest inflation surge is only temporarysaying that energy prices, a major driver of inflation, are already beginning to come down from recent highs.
          Inflation hurts Americans (sic) pocketbooks, and reversing this trend is a top priority for me,” Biden gesê in a statement in the wake of the inflation report on Wednesday morning. (Die president had an event at the port of Baltimore that afternoon seeking to draw attention away from the inflation problem and back to his infrastructure win.)

          Not everyoneeven in Biden’s own partywas convinced.
          By all accounts, the threat posed by record inflation to the American people is not ‘transitoryand is instead getting worse,” wrote West Virginia Democratic Sen. Joe Manchin in 'n tweet. “From the grocery store to the gas pump, Americans know the inflation tax is real and DC can no longer ignore the economic pain Americans feel every day.
          (Sybalk: The Federal Reserve had drawn considerable criticism for suggesting rising prices due to inflation weretransitory.”)
            There’s no question that the Biden White House is now aware of how big a threat rising inflationary prices are to not only his reelection chances but, more immediately, his party’s hopes of keeping the House and Senate majorities next November.
            Die punt: Being aware of the problem isn’t the same thing as knowing how to fix it. And that’s the conundrum Biden and his party now face.

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