A storm of woes haunts the Biden presidency
*COVID-19 Original
*COVID-19 Delta
*Fox News
*Divisive social media
*Donald Trump
*Russia
*Countless claims that Biden lost the 2020 election, believed by 78%
of Republicans
*Trump toadies Kevin McCarthy, Elise Stefanik, et al
*Trump thugs Marjorie Taylor Green, Paul Gosar, Matt Gaetz, et al
*Senate obstructionist Republican team, head thug Mitch McConnell
*Senate obstructionist pseudo-Democratic tag team Manchin-Sinema
*Militant House progressives
*Pigheaded House moderates
*Anti-Mask rebellions
*Anti-Vaccine rebellions
*Republican governors taking every opportunity to undermine his authority
*Anti-democratic Republican state legislatures
*Sinister conspiracy theories
*Bloodthirsty crazed dupes of conspiracy theories
*Threats against his life rising along with deadly threats against all office-holding Democrats (and some non-Democrats who refuse to be intimidated by the thugs)
*Emboldened white supremacists
*Irresolute Attorney General
*Bungled Afghanistan pullout
*Chinese saber-rattling
*A tsunami of pandemic-rebound shopping
*Oil price shocks
*Clogged supply chains
and now . . .
The headline in the November 10, 6:24 pm story in The Hill was: “Biden Gets Inflation Gut Punch.” Sure enough, just when it looked like a coalition of moderates and progressive Democrats was going to stitch together enough of the remains of Biden’s Build Back Better legislation to have all House Democrats call it a win, along comes inflation to poison the deal.
The result of too many dollars chasing too little capacity as the economy ramps up boosts inflation, and makes big government spending—of the magnitude that would benefit Americans up and down the economic ladder—enough of an inflation risk to stall or starve Biden’s Build Back Better legislative agenda.