Republicans are portraying Democrats as the party of “stagflation,” in a bid to recall the slow economic growth and skyrocketing prices that doomed Jimmy Carter’s presidency. But the “stag” part of stagflation hasn’t shown up. And it may not anytime soon.
. “Imagine rooting for higher costs for American families just to score a few political points,” the president tweeted.
Missouri GOP Sen. Roy Blunt offered a history lesson in a floor speech, recalling the Carter administration, when spiking oil prices drove up gasoline costs. It’s an attack line that the White House and congressional Democrats are aware could prove devastating. So they are counting on faster growth the rest of this year and into next year and an easing in supply constraints to make sure the GOP approach does not stick.
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