Pelosi On Inflation: ‘We Have To Change That Subject,’ ‘No’ Regret Passing Spending That Boosted Inflation
Daily WireDec 22, 2022
The Facts
Democrats, including House Speaker Nancy Pelosi and Sen. Bernie Sanders of Vermont, have made their case for control of Congress across the five major Sunday talk shows. Their appearances focused on the Party's economic policy, as Republicans have gained an edge in the polls just weeks from the midterm elections.
On CBS's "Face the Nation," Pelosi argued that inflation is a global problem that the Biden admin. is working hard to tackle. She also said the president is working to bring down the cost of living in the US while reducing the national deficit and stressed that a GOP victory in the coming elections would put Social Security and Medicare at risk.
The Spin
Democratic narrative
The economy is getting back on track. The US annual deficit has seen its largest one-year drop in history, while gas prices are falling and unemployment rates are lowering. If voters hand control of Congress over to Republicans in these midterm elections, Americans will be electing a group that are willing to crash the economy and put the US in default in order to achieve their ideologically driven agenda of Social Security and Medicare cuts.
Republican narrative
The US is heading towards stagflation and the Biden admin. is to blame. Democrats have failed to take action against the worst inflation in decades, deeming it as transitory and fictitiously blaming soaring prices on corporate greed and Putin's invasion of Ukraine. In fact, it is down to reckless government spending at a time of restricted supply. A Republican Congress is needed to curb Biden's big-spending and end this crisis for working Americans.
Metaculus Prediction
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