When it comes to the American economy, things are going Joe Biden's way. Jennifer Rubin writes:
The Post reports: “Prices cooled again in November, rising 7.1 percent compared with last year, the smallest year-over-year increase since last December. They also climbed 0.1 percent over October, beating analysts’ expectations.” In addition, core inflation rose only 0.2 percent, “the smallest increase since August 2021, according to data released Tuesday morning by the Bureau of Labor Statistics.”
The Republicans ran on an apocalyptic economic vision during the midterms. But that vision -- like so much else Republicans spout these days -- was simply false:
President Biden on Tuesday took the opportunity to boast about the data: “In a world where inflation is rising at double digits in many major economies around the world, inflation is coming down in America.” He argued that this served as proof that “our economic plan is working.”
Biden also highlighted the 10.5 million jobs added during his presidency, including 750,000 in manufacturing. And he laid out his goals for the economy, which now seem attainable: “Get price increases under control without choking off economic growth; bring inflation down while keeping our labor market resilient; build an economy from the bottom up and the middle out.”
According to GOP gospel, all of that pandemic spending was a mistake, and Biden was steering the U.S. economy into a recession. Oh, and according to Republicans, Biden was somehow to blame for skyrocketing gas prices.
So where does that leave Republicans? All they have left is a seething need for revenge. And that is what they have wanted all along.
Image: Power Thesaurus
