Republicans cry inflation as foul against Joe Biden’s spending plans
One analyst says the inflation hype is a red herring, and comes up every time a Democrat president is in charge
Washington — Inflation fears are fuelling a political threat to US President Joe Biden’s plans for vast, new federal spending on infrastructure and social programmes, adding to White House officials’ worries after a disappointing jobs report on Friday.
Biden’s Republican opponents have begun seizing on rising prices, the slower-than-expected pace of hiring and even growing fuel shortages after a cyberattack on Colonial Pipeline to compare his administration with the “stagflation” era of former president Jimmy Carter. The spectre of hours-long waits in lines to fill up with petrol has only enhanced the parallel...
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