Lost among 15 ballots for Speaker of the U.S. House of Representatives this week was news that during the second half of 2022 inflation dropped to near the two percent targeted by the Federal Reserve. Chill on inflation, Republicans. Biden has got the runaway economy your party made well in hand. Combine more normal inflation with the lowest unemployment rate since 1969, and robust jobs growth, the administration should be honking its own horn.
Be assured, the news media is ignoring this positive story. Reporters find the drama and tussles during the speaker votes to be of more interest. Tension among Republicans mounted during voting:
During the final ballot, every Republican got to yes for Kevin McCarthy as House Speaker. We don’t know the extent of concessions McCarthy made to get those votes. We do know there are uncertain waters in our future. Now is the time for Democrats to stay the course.