Democrats need a reality check on the economy (Editorial) – MassLive.com
Now that folks have begun to speculate openly about the possibility of a coming recession, its long past time for the White House to start acknowledging economic reality. Put plainly, the people are hurting, the picture is not at all rosy and things could well soon be taking a turn for the worse.
With the November midterm elections fast approaching and Democrats likely to lose their majorities in one or both houses of Congress, theres effectively no time left for President Joe Biden and Democratic lawmakers to turn things around. So what to do?
Send Biden out on the road to tell folks that things really arent as bad as they appear. Thats one of the administrations plans, anyway. Not a good one, obviously.
Democrats, from Biden on down the line, need to accept reality: Most people are focused on the economy, and they dont like what they see. How could they?
Anyone who has been to a gas station, a grocery store or a restaurant or has endeavored to buy pretty much anything of late has doubtless been shocked by the prices. Things appear out of control, with no end in sight.
Want even worse news? Treasury Secretary Janet Yellen recently used the s-word. Yes, she said theres a real worry about stagflation, the term for an era of increasing prices coupled with stagnant growth.
If you arent old enough to remember the late 1970s, you may wish to ask someone who is to describe how things were back then. You mean in the bad old days? he might begin, before regaling you with stories of spiraling prices, endless lines at gas stations and general malaise across the land.
Except for the folks who have fond memories of nights at the disco, you wont find too many people waxing poetic about the late 1970s.
If Biden goes hither and thither, touting a success story or two in the hinterlands, hell not be doing Democrats, or anyone, a bit of good. Hell look completely out of touch.
Democrats need to acknowledge reality, accept their share of the blame and promise to do better going forward.
First, though, the so-called progressives need to realize that they are living in fantasy land and that doubling down and pledging more of the same is a losing proposition.
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Democrats need a reality check on the economy (Editorial) - MassLive.com
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