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Sen. Joe Manchin, D-W.V., has groused about inflation since last year.
After months of browbeating Manchin for not supporting the Democrats’ social spending package, other Democrats are now finally joining Manchin with their own inflationary concerns.
“We have solutions and we’re going to focus like a laser on reducing costs,” said Senate Majority Leader Chuck Schumer, D-N.Y. “You’re going to see a lot of activity in March from us on that issue.”
In March.
Scroll back the calendar to December. Or October. Or even last July.
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Manchin warned Democratic leaders he was reluctant to support Build Back Better because of the cost. The size of the bill dwindled from more than $5 trillion to $1.7 trillion. But such a plump infusion of cash into the economy from COVID relief bills may have driven up inflation to its highest crest in decades. There are some analysts who believe consumers haven’t seen the worst of inflation because prices haven’t completely caught up to where things stand in the supply chain.
Although Democrats were impassioned about passing Build Back Better last fall, their political antennae are now acutely tuned to inflation. A University of Michigan index traced how consumer confidence plunged over the past year in tandem with inflation jumping to a 40-year high. This comes as the Consumer Price Index (CPI), which tracks the average “basket” of goods people buy on a regular basis skyrocketed 7.5 percent in 2021, the biggest leap in four decades.
President Biden failed to convince Sens. Joe Manchin and Kyrsten Sinema to eliminate or weaken the filibuster.
(AP/Getty Images)
Obviously Democrats want to run on the best economy possible as the midterms creep closer. But how much of this pivot to inflation is about tailoring a message compared to actually addressing the subject?
After Manchin formally ditched his support for Build Back…
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Source : foxnews
