ICYMI: ‘Dem Senate candidates blame inflation on corporate greed and Russia, not government spending’

ICYMI: ‘Dem Senate candidates blame inflation on corporate greed and Russia, not government spending’

Economists deemed Democrats’ trillion-dollar “American Rescue Plan” as the “original sin” that “contributed to once-in-a-generation inflation.”

April 21, 2022
ICYMI: ‘Dem Senate candidates blame inflation on corporate greed and Russia, not government spending’

Vulnerable Senate Democratic candidates are blaming inflation on everything but their big spending agenda which economists deemed the “original sin” that “contributed to once-in-a-generation inflation.”

According to a recent report from Fox Business, Cheri Beasley (D-NC), Val Demings (D-FL), Maggie Hassan (D-NH), Raphael Warnock (D-GA), and Catherine Cortez Masto (D-NV) have all blamed inflation on things like the pandemic, big corporations, and Russia while their constituents continue to bear the burden of record-high costs.

Fox Business: “Senate Democratic candidates in key swing states are trying to blame the Russia-Ukraine crisis and corporate greed for skyrocketing inflation that hit a new 40-year high last month, despite economists warning for months that massive government spending has overheated the economy.

The consumer price index rose 8.5% in March from a year ago, marking the fastest increase since January 1982, when inflation hit 8.4%, according to a new Labor Department report released Tuesday. The Biden administration continues to blame the price spike on the Russia-Ukraine crisis, price gouging and supply-chain issues, while Republicans have blamed Biden’s green energy agenda for fueling America’s dependence on foreign oil markets, as well as his $1.9 trillion American Rescue Plan for over-stimulating the economy with $1,400 stimulus checks sent to Americans.

“Former North Carolina Supreme Court Justice Cheri Beasley, the state’s likely Democratic Senate nominee, on Friday slammed big corporations for making ‘record profits’ while North Carolinians suffer from rising inflation.

“‘I think a couple things we need to keep in mind is that this pandemic certainly created a whole situation with us around supply chain issues,’ Beasley said during a campaign event in Hertford County. ‘We certainly know that corporations are making record profits at a time when a whole lot of folks in North Carolina are struggling. And then, of course, this war with Putin in Ukraine has created a whole sense of strain to also impact the rising costs.’”

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