Inflation could have been a winning issue for Democrats in November, had they explained its true etiology in corporate monopolization. And for a little while, it looked like that’s exactly what they were going to do.
But now, as Robert Reich demonstrates at substack, Biden is backsliding, listening to superannuated neoliberal advisors like Larry Summers. You know, those so-called mandarins whose advice led to Democratic wipeouts in 1994 and 2010.
Remember, the Democratic establishment wants to lose, if the alternative involves rethinking failed ideologies. (In the case of Manchin & Sinema, they are being paid by the Republicans to tank Biden’s presidency.)It is concerned with maintaining its own economic privilege. If it’s a choice between protecting its own financial flanks or extending a lifeline to working Americans, we see which direction they’ve decided to take.
The real vitality and the winning economic message emanating from the Dems now is Bernie & the Squad. But of course, they’re the ones who will blamed if/when the Dems lose in November.