Democrats Have Only Themselves to Blame for the Inflation Fiasco, by David Harsanyi

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Democrats have allowed their strident ideological wing to take over the party, aggravating underlying trends.

By David Harsanyi, Patriot Post, Nov. 12, 2021

It’s been quite a spectacle watching people who credit Democrats with every job created and every percentage point gained in economic growth suddenly arguing that the White House is completely powerless in the face of our current economic predicament.

Presidents generally get far too much credit and/or blame for our fortunes, but they can certainly exacerbate existing problems. And our political class has certainly aggravated them with unbridled spending and support for policies that disincentivize work and inhibit energy production.

Wholesale prices rose 8.6% from a year ago in October, another record annual gain and the biggest spike in more than a decade. Inflation hit 6.2%, the highest rate of annualized inflation since the 1990s. Whereas once voters were promised “transitory” inflation, today, economists warn that we’ll be in this for a while. …

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