The radical left-wing Democratsâ remedies to Americaâs issues have a wonderful uniformity to them. Liberal Democrats have been calling for the government to âspend more moneyâ since the 1960s. It was spending six zeroes more on the governmentâs schemes in the 1960s.
That, however, will not suffice for todayâs government Gargantua. To fix any problem that arose when the government spent only six zeroes, we now have to speak in terms of nine zeroes.
Senator Bernie Sanders recalls campaigning in the 1960s for the federal government to invest billions of dollars on the welfare state. There were also warnings from conventional economists at the time, who predicted that such huge expenditure would result in inflation.
Obviously, it did. The last âGreat Inflationâ of the late 1970s and early 1980s was caused by the growth of the welfare state in the 1960s, as well as the monopolistic activities of the OPEC oil cartel. It was a no-brainer back then, and it still is now.
Old-timers like Sanders and Joe Biden, on the other hand, believe that the rest of us had forgotten how we became engulfed in soaring inflation at the time. You see, thereâs no internet. After all, modern monetary policy, as conducted by the Federal Reserve, has rendered inflation obsolete, right?
Sanders is thinking along these lines. Inflation is a construct of our minds. Why not spend trillions of dollars to assist Americans in these difficult economic times?
Accoding to the Washington Free Beacon: âBernie Sanders told Politico on Tuesday that Democrats should work to keep Republicans from gaining control of Congress in November by raising the minimum wage, fixing Medicare, and addressing climate change. Medicare for All might cost as much as $40 trillion, according to a senatorâs own calculations on the 2020 campaign trail. At least $16 trillion would be needed to implement Sandersâs Green New Deal plan. Nearly doubling the national debt is the sum total of his legislative initiatives.
Recent polls show that votersâ primary worry is the state of the economy, which would seem to contradict this idea. Americans are concerned about inflation more than any other issue, according to a study conducted by ABC News and Ipsos this week.â
âYou really canât win an election with a bumper sticker that says: âWell, we canât do much, but the other side is worse,’â he said in a recent interview with Politico.â
Even though Democrats have been in power since January 20, 2021, theyâve accomplished little save for passing a trillion-dollar âinfrastructureâ plan with the help of a few Republicans and pushing through a pandemic relief bill with no Republican votes.
Itâs not a hopeless one for Democrats to hope that Republicans put up unwinnable candidates or that the Democrats can pass a plethora of smaller initiatives, or that some miracle happens in a Biden reversal.
In the case of the Democrats, they have to be concerned about their own slate of unwinnable candidates. Sanders, on the other hand, feels itâs a form of deluded thinking.
There will be more panic, more radical Democrats, and more billions of dollars in federal spending. In the year 2022, this is a surefire way for Democrats to win?
Â
Â
Â
Â