by John Carney
Breitbart.com
It’s the Economy, Again
Economic discontent at election time almost always heralds doom for the political party that holds the White House. But the economic malaise that has bedeviled the country throughout the presidency of Joe Biden is likely to weigh even more heavily now that the Democrats are attempting to pass the presidency on to his vice president, Kamala Harris.
While it’s true that inflation has fallen from the worst levels seen in four decades, the annual rate of inflation remains higher than it has been since the economy was staggering from the financial crisis. What’s more, the period of high inflation has lasted longer than any time since the Carter administration, leaving American households reeling from runaway price increases.
In an ironic replay of what happened to President Donald Trump in 2020, history suggests that voters are unlikely to feel much better even if inflation continues to fall.