Penelope
Diamond Member
- Jul 15, 2014
- 60,265
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At the moment, Republicans love inflation because it gives them a rationale to oppose the reconciliation bill (even though they’ve opposed President Joe Biden’s Build Back Better program since he introduced it as a candidate back in July 2020, when inflation was a mere 1 percent). Inflation also gives Republicans something to beat up Democrats with in the 2022 midterms (even though there’s a good chance the Covid-created inflationary spurt will have receded by then).
Senator Rick Scott, who chairs the National Republican Senatorial Committee, is ecstatic. “We’re going to continue to have inflation,” he told The Wall Street Journal on November 14, “and then interest rates will go up. This is a gold mine for us.”
They want to keep the pandemic going for a long time.
Senator Rick Scott, who chairs the National Republican Senatorial Committee, is ecstatic. “We’re going to continue to have inflation,” he told The Wall Street Journal on November 14, “and then interest rates will go up. This is a gold mine for us.”
Don’t Let the GOP Fool You—Republicans Love Inflation
Oh, sure, they pretend to hate it. But inflation is a useful weapon against Democrats, and rich people and the business lobby benefit from it.
newrepublic.com
They want to keep the pandemic going for a long time.