Opinion

Memo to President Biden (and the Democrats)

Prices were 8.5% higher last month than they were a year ago, the Bureau of Labor Statistics reported this morning — the highest rate of inflation since 1981. The buying power of Americans is being squeezed more and more each day. You must explain what’s happening and put responsibility where it belongs. As America slouches toward the midterm elections, you need an economic message that celebrates your accomplishments to date — job creation and higher wages — yet also takes aim at the major abuses of economic power that are fueling inflation and widening inequality.

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