The Daily Escape:
Colorado River north of Moab, UT – February 2022 photo by Rich Briggs Photography
(New columns will be light and variable for the rest of the week. Wrongoâs having cataract surgery today)
Last week, the Labor Department published data that showed consumer prices rose 7.5% in January from a year earlier, the biggest increase in decades. This brought all of the economic know-nothings who have pundit positions in the media to say that Bidenâs presidency is in grave danger.
David Axelrod, former senior adviser to Obama, has an op-ed in the NYT that suggests Biden needs to show humility in his upcoming state of the union speech on March 1:
â…recognize that we are still in the grips of a national trauma. Polls show that the vast majority of Americans believe we are on the wrong track, and people will have little patience for lavish claims of progress that defy their lived experiences.â
Itâs true that Americans have been through hell in the past two years. Itâs also true that they have been helped in their negative thinking by the media. Despite all the bad news on high inflation since August, Bloomberg reports that US consumers donât expect sky-high inflation levels to last:
â…the January consumer survey from Federal Reserve Bank of New York…showed that the median one-year-ahead inflation expectations fell for the first time since October 2020, to 5.8%. The outlook over three years dropped even more sharply, and the decline was broad-based across age, education and income.â
Bloomberg says that in that recent Fed survey, the median three-year ahead inflation expectation decreases to 3.5%.
Politically, that could still be a potential crisis for Democrats. While thereâs no question America is creating jobs at a record pace and GDP growth bounced back faster than anyone imagined possible, the public is quite grumpy about the state of the economy. Rising costs for groceries and gas are points of economic pain, and good economic news is always trumped by anger about high inflation.
Dan Pfeiffer says Democrats need to go on offense: (Brackets by Wrongo)
âDemocrats should consider turning the entire conversation around inflation into an argument for populist economics….[they should] expose Republicans for siding with highly profitable corporations.â
Pfeiffer says that Democrats should focus on a message on inflation that in polling seems to work:
âPresident Biden says that we need to bring back manufacturing jobs in the United States to drive down prices. Our supply chains need to be housed here at home, rather than outsourced abroad.â
Pfeiffer adds that this is a big point of contrast with the message Republicans are using. The 2018 Trump Tax law rewarded companies that shipped jobs overseas. That fact can give Democrats an opportunity to punch back with an argument about how Republicans have made the problem worse.
A poll by Data for Progress showed that the Republicans have an eight-point advantage over Democrats on which Party can better control inflation. But Democrats have a nine-point advantage on âcracking down on corporate abuses and corruption.â Other polls show that most voters cite increased government spending as the leading cause of inflation. This is what Republicans are saying, but it isnât completely correct.
We know that corporations are reaping record profits while prices are rising. CEOs are bragging about how theyâre able to use inflation as a cover for their price hikes. These higher prices are adding to inflation, while shareholders are seeing record profits.
Thereâs a sense that Democrats won in 2018 because they ran on âkitchen table issuesâ, specifically, on health care, and some Dems want to go back to that. Itâs partially true. But 2018 was also a referendum on Trump, and Democrats turned out in large numbers to vote against him and his fellow traveler Republicans.
In November, some Republicans will run away from Trump. But for most of them, he can be made to be an anchor on their coattails.
As Axelrod says, the country is still traumatized by the pandemic and the economic challenges that came with it. But itâs also traumatized by what Trump did, and what the Republicans are doing now to our democracy. If the Dems fail to address both they will look completely out of touch to most voters who arenât huge partisans.
Both Bidenâs State of the Union address, and the Partyâs mid-term messaging needs to also focus on the state of our democracy because itâs in danger. Americans are struggling and many, many are angry, so Biden needs to accept responsibility for high prices. But he must also spell out specifically where Republicans bear responsibility for obstruction.
If Democrats tell themselves that inflation is the only important issue, and ignore the Republican threat to democracy, they will lose.
The messaging choices Democrats make right now will determine the countryâs future.


