The Wrongologist

The political class in DC is very concerned about inflation, including many Democrats. So much so that they are unwilling to pass Biden’s “Build Back Better” social infrastructure bill because it will add to our current inflation. Specifically, Sen. Manchin objects to the extension of the child tax credit that is expiring this month.

It’s time to remind these people of what real inflation looks like. Back in 1980, when then-Chair of the Federal Reserve Paul Volcker raised interest rates high enough to throw the US into a recession and end inflation, inflation had averaged 6.9% for the previous 11 years. Let’s also remind Sen. Manchin that this year’s annualized rate of inflation went above the long-term average of around 3% in April. We’ve averaged 6.81% for the year, not for 11 years.

The Senate wrapped up its work for the year, with Democrats punting the Build Back Better and the voting rights bills into 2022. The Senate adjourned early Saturday morning after a voting marathon including confirming 50 of Biden’s nominees. On to cartoons.

The answer is to elect more Democratic Senators:

Let’s see the Senate break at least one tooth on voting rights:

Only the social programs have to pay for themselves:

Omicron surges, is anybody surprised?

Why can Fox News get away with this?

Republican misfits can’t wait for the midterms:

This would be gerrymandering in the real world: