There are plenty of reasons for Democrats to be worried about next year’s midterm elections. It seems that the “perfect storm of politics” is starting to hit them hard, and there doesn’t appear anything that they can do about it.
Most people vote with their wallets and pocketbooks, that’s been the long held belief. And if that is the case, the latest financial news isn’t very glowing for the left. It shows that while inflation is currently logged in at a 4.2% rate, far above the Fed’s target of 2%. It’s so bad that the White House just doubled that target to 4% for the year. Consumer confidence and consumer spending is on the wane. In June, consumers spent 1.1% less than they did the year earlier. And in July it was 0.3% less, signaling a slowing in demand.
As the prices increase, and the demand shrinks it means only…
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