Across the country, Democrats are planning to make the purported “affordability crisis” a centerpiece of their midterm campaign. They hope to pin the cost of living on President Trump, which should be impossible. But when have Democrats ever been tethered to reality?
Remember when Democrats made the price of eggs their anti-Trump talking point early in his second term? They aren’t talking about eggs anymore; this chart, from the U.S.Department of Agriculture, explains why. The red line is egg production and the blue line is price. Shockingly, prices go up when fewer eggs are produced, and down when more eggs are produced. Egg prices today are as low as they have been in recent years:
How about the cost of living more generally? This is from Stephen Moore’s Unleash Prosperity Hotline:
[E]conomist Alan Blinder, who writes a weekly column for the Wall Street Journal, can’t even get the facts straight AFTER the fact. Last week, he wrote a column claiming Biden’s economic performance beats Trump’s. Steve Moore’s Letter to the Editor today in the WSJ takes Blinder to task.
Mr. Blinder attacks Mr. Trump on the Federal Reserve, while describing Joe Biden’s monetary policy as “excellent” because “he left the Fed alone.”
How did that work out? Inflation soared to 9.1% after Biden’s first year—the highest price rise since Jimmy Carter was in office. The Biden four year total price rise of 21% was the root cause of today’s middle class affordability crisis. In Mr. Trump’s first year inflation was 2.7%, and that number is coming down.
This chart, from the Hotline, tells the story:
If Democrats can’t run on affordability, I guess they will have to revert to their fallback issue of anti-Americanism.
