MSNBC host Stephanie Ruhle argued on Wednesday that the Democrats have actually accomplished plenty of good things when it comes to the economy.
On “Meet The Press Daily,” Ruhle discussed the recent report that prices had climbed 6.2% in October which is the highest inflation rise since December 1991. Host Chuck Todd acknowledged that Democrats bear the brunt of the criticism during this “short inflation.”
Shoppers in a Washington, D.C., suburb reacted to surging grocery prices amid supply-chain bottlenecks and rising inflation.
(Fox News)
“So, bottom line is, this is something that it, this has got to just work itself out, and, you know, the Democrats are the ones in charge so they’re going to pay the price of this sort of short term economic frustration,” Todd said.
However, Ruhle argued that Democrats and joe-biden” target=”_blank”>President Biden< Chief of Staff Ron Klein retweeted a comment that claimed inflation and supply chain issues were “high class problems.”
The Atlantic similarly suggested that “affluent Americans” buying things they didn’t need were also behind the inflation issues. On Monday, an MSNBC opinion columnist argued that inflation could actually be a “good thing” for the economy.
Chuck Todd and Stephanie Ruhle discuss inflation
(https://www.mrctv.org/videos/ruhle-wonders-why-dems-wont-tell-their-great-economic-story)
“When you have high demand, and relatively low supply, prices go up. The inflation we’re seeing is not, then, some mysterious affliction that’s descended on the economy. It’s the predictable product of the economy’s rapid recovery, and its costs have been offset, to a large degree, by robust wage growth and government policies,” the column read.
Economic experts have predicted that inflation issues are expected to persist into 2022.
Fox News’ Joseph Wulfsohn contributed to this report.
