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National Review
National Review
27 Nov 2024
George Leef


NextImg:The Corner: Did the Fed Pave the Way for Trump’s Return?

If it hadn’t been for the torrents of money created by the Federal Reserve during Biden’s presidency, voters might not have been so unhappy with the economy and therefore eager to have Donald Trump back in the White House.

In this AIER article, Lydia Mashburn Newman suggests that Trump owes a thank-you to the Fed.

She writes:

The number one issue for voters this election was inflation. According to Democratic public opinion research initiative Blueprint, this rang true among all voters, including all swing voters, Black voters, and Latino voters. With inflation hitting a 40-year high — the highest many Americans have seen in their lifetimes — and being anything but transitory — as policymakers hoped — it is no surprise voters were disgruntled.

Indeed. The question is whether those in charge didn’t think we’d have much inflation, or thought that voters were so in line with their own obsessions (gender stuff, environmental catastrophes, the need for more “diversity,” and so on) that they would ignore the rising cost of living and keep their supposed protectors in power. It seems to be the case that, for all the leftist propagandizing, a majority of Americans still care more about economic issues than issues that the Left holds dear.

Mashburn Newman concludes:

I hope the American people get the localized recovery they are looking for. And that the Fed remembers that the power over money is a momentous one. In the meantime, Trump can dust off his White House stationery and say, “Thanks!”