Posted 12/31/2023, 11:01:00 PM
Biden Repeating 1970s Mistakes on Inflation After Advocating Fiscal Restraint Back Then
- In 1978, Biden campaigned on reducing federal spending to control high inflation
- He criticized the "monstrous" federal budget and said spending must be reined in
- Under Biden's presidency, inflation has run hot and government spending has soared
- Polls show low public confidence in the economy under Biden
- In the 1970s, Biden broke with Carter over failures to control energy costs and inflation, but now seems to be repeating those mistakes