Closing Arguments / Inflation
The GOP: Inflation is high so we need to fire Joe Biden and all Democrats on the ballot.
Fetterman: Inflation is high so we have to tackle the corporate greed that is behind the sky high prices.
Establishment Democrats: Inflation is high so we need to raise interest rates to curb the demand for houses and cars, which will slow overall economic growth, and increases unemployment. That will in turn reduce demand across the economy, and potentially lower prices on household staples.
FTR – I’m pretty sure “inflation” here is just a handy stand in for “Shit is fucked up, and capitalism isn’t working for me. In fact, it is making my life worse by the day.”
Except when spoken by establishment Dems like Coons who think everything is pretty fucking good.
One thing that has been overlooked regarding inflation has been the increase in value of the US dollar relative to other global currencies this year even after yesterday’s near 2 % decline. Relative to the inflation experienced by other countries large US dollar holders are sitting pretty and now earning risk free returns they haven’t seen in over a decade.
So it is a good time to buy and apartment building in Paris. That’s looking on the bright side.