The Economy, Inflation, and the Midterm Truth

With early midterm voting well underway and November 8 just around the corner, it’s clear that economic growth and inflation are the issues on which NC Republicans have chosen to hang their hats in this election cycle.

That’s hardly surprising. Women’s reproductive health is undoubtedly a hot button issue. But the GOP position on abortion rights is so unpopular that they have largely decided to go silent. Instead, they’re attempting to sway voters with a time-honored claim: that Republicans are the party of the economy. Trouble is, the statistics just don’t bear this out.  

One example: since 1989 and the end of the Cold War, 46 million new jobs have been created in the US, more than 96% of these under Democratic presidencies. Looking shorter term, 10 million new positions have been generated in the 20 months of the Biden regime…five times more than resulted from the last three Republican regimes, combined.

When it comes to inflation, Republicans are quick to blame Dems, even though most economists agree the Pandemic/Ukraine War one-two punch was the cause of unavoidable global supply chain disruptions and higher prices for raw materials, manufactured goods, oil and gas, and more. More importantly, while President Biden’s strategies are making steady progress cutting the rate of increase and holding off recessionary forces, the GOP has no discernible plan, other than getting in the way.

Bottom line, there are many reasons why 2022 is arguably the most important US election ever. But making sure we are keeping a steady Democratic hand on the economic tiller is near the top of the list.

It’s a critical story. Between now and the midterms, we need to talk about it more to anyone who will listen.

Vote for Democratic Candidates Up and Down the Ballot!  Our Democracy Depends on it!