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The Dig: Inflation Politics with Tim Barker

Jacobin Radio

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Is This a Backlash Constituency in the Republican Party?

The Republican Party's current effort to re-mobileize the middle class anti-inflation constituencies of the 1970s against Biden by pointing to modest wage hikes such a polling getting passed on as a tiny increase in the price of breedibles that this isn't going to work. Trump himself was actually a big contributor to the current move towards like lose your monetary policy he was consistently criticizing Powell for thinking about raising rates. So far seems limited evidence of a backlash constituency even in the Republican Party and that would be true if you factor in the fact that business the business constituency the Republican Party is also not eager to see rates rise.

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