Senate Minority Leader Mitch McConnell (R-Ky.) engaged in fearmongering this week as he blamed President Joe Biden and Democrats for recent inflation of prices, only to be crushed by a lesson on how the economy works.
The United States is finally getting the coronavirus pandemic under control thanks to the efforts of the Biden administration. As coronavirus restrictions begin to loosen across the country, demand for goods has begun to rise. Low supplies caused by the pandemic, however, means that higher demand has caused prices to go up. In other words, inflation.
On Thursday, McConnell used the rising inflation to attack Biden and Democrats in Congress.
Consumer prices are rising faster than they have since the depths of the 2008 recession.
The data reinforce what American families are experiencing firsthand: the Biden Administration’s partisan spending has blunted our nation’s economic recovery.
— Leader McConnell (@LeaderMcConnell) June 10, 2021
The reality is that inflation is being caused by economic policies passed by Republicans during the Trump administration such as tax cuts for the wealthy and trade policies put in place by disgraced former President Donald Trump such as tariffs.
Biden and the Democrats have not been in power long enough for their economic policies to have such an effect yet. What their economic policies have resulted in is helping Americans avoid financial doom during a crisis, something Republicans voted unanimously against doing.
And let’s not forget that Trump and Republicans could have prevented economic problems by taking the pandemic seriously in the first place instead of mismanaging it.
Americans schooled McConnell in response and called him out for fearmongering.
Actually, I think it had a lot more to do with Trump’s 25% taxes on over 66% of imported goods.
— Sencha Skene (@BruceHa86541108) June 10, 2021
Transitory homie as predicted by the federal reserve
— Andru (@MyVoooo) June 10, 2021
You are deliberately blunting any progress at all. hope you sleep at night, although I very much doubt it
— Danny Zuko (@myNewNewAcct) June 10, 2021
If only we could raise the minimum wage…
— tails of brave ulysses (@ulysseswolfgar) June 10, 2021
You are not allowed to accuse anyone of partisanship, Mitch.
— The Count (@TheCount306) June 10, 2021
Supply’s down. Demand is stable. We’re coming out of a pandemic #EatRocks #SeriousPeopleOnly
— 612WillStyle (@612willstyle) June 10, 2021
This event has been known as a likely outcome when the Pandemic started b/c all supply chains have been blunted. You’re just fear mongering rather than Uniting Americans to improve the situation.
— icewolf1911 (@icewolf1911) June 10, 2021
Stay calm it’s temporary due to the economy rebounding so quickly from pandemic. Nice fearmongering though.
— peace, love & voter rights (@Bidenwonthnkgod) June 10, 2021
Wrong! We had food pantry lines for miles before Biden came in with his American Relief Plan. McConnell would rather see Americans starve than feed their families.
— Annie (@eainsaunt) June 10, 2021
Increased demand for products has increased since Covid released it’s grip, + lower inventories because of production downscales during the same time. This is driving the price increases. And Republicans want to pull unemployment support, further squeezing the American people.
— Redfoot (@KRedfoot) June 10, 2021
Yes. It had nothing to do with the economy being locked down for over a year. 🙄
— Faceplant Into Rock 🤦♂️➡️🎧 (@WeNeedPlaymakrs) June 10, 2021
Republicans could easily combat the effects of inflation on Americans by agreeing to raise the minimum wage and stopping their war on unemployment benefits. But they won’t do that because they would rather let the economy suffer and blame Democrats. This is why Republicans need to be ousted from office.
Featured Image: Screenshot