Why Democrats are sheepish about taking credit for a good economy
Writer Zachary Carter explains how we’ve been incorrectly talking about inflation in America over the last several decades.
From the linger effects of the pandemic to high inflation rates driving up prices, the U.S. isn’t the easiest place to live right now for many people. But there is a rosier perspective to what’s happening, including what is by many indicators, a strong economy.
Unemployment is low, low-wage workers have more power, production has been increasing and child poverty has been cut. However, Democrats don’t seem to be taking credit for it as they move into the midterms.
“If you look at where the economy was a year ago, 15 percent of American parents were reporting that their children were going hungry in the U.S.,” — Zachary Carter, author of “The Economy is Good, Actually,” and the book, “The Price of Peace.”
Listen: Why Democrats aren’t taking credit for a good economy?
Guest
Zachary D. Carter is the author of the piece “The Economy is Good, Actually” and the book, “The Price Of Peace: Money, Democracy, And The Life Of John Maynard Keynes.” He says Democrats won’t take credit for a booming economy because COVID-19 still plagues peoples’ lives and inflation scares the public.
“If you look at where the economy was a year ago,” says Carter, “15% of American parents were reporting that their children were going hungry in the U.S.”
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