Inflation is, by far, President Biden’s gravest problem. And while using all the tools at his disposal to fight it may not be enough at this point, it would be unforgivable not to try. jonathanchait writes
Inflation is, by far, President Biden’s gravest problem. It is eating up the wage gains thrown off by the hot labor market and forcing the Federal Reserve to risk triggering a recession by raising interest rates. It is the main cause of his anemic approval ratings and the terrifyingly high probability that a dangerously authoritarian Republican Party will win the 2024 election.
Donald Trump started a trade war with various countries he didn’t like for various reasons. Some of Trump’s hostility to various countries had a solid basis and others did not . But those circumstances have changed dramatically. There are plenty of jobs available for American workers of all skill levels, but prices are rising at levels not seen in decades.
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