Title : "Prices climbed 6.8% in November compared with last year, largest rise in nearly four decades, as inflation spreads through economy."
link : "Prices climbed 6.8% in November compared with last year, largest rise in nearly four decades, as inflation spreads through economy."
"Prices climbed 6.8% in November compared with last year, largest rise in nearly four decades, as inflation spreads through economy."
WaPo reports.Top officials at the White House and Fed have maintained that unsustainably high prices won’t become a permanent feature of the economy... But over the past few months, they’ve been forced to back away from their initial message that inflation is temporary, or “transitory”.... The Biden administration has suffered low approval ratings and political attacks from Republicans, who blame Democrats’ stimulus measures for overheating the economy this year. Inflation has also emerged as a top concern for voters ahead of the 2022 midterms, especially because the cost of food or gas is often a test for how people perceive the economy....
This is a such an obvious disaster that WaPo can't find a way to help Biden or blame Republicans. There's an ineffectual slap at Republicans — for blaming Democrats. But you can't blame Republicans for blaming Democrats. The Democrats are in charge.
ADDED: Here's the shocking chart:
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