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Biden-McCarthy Memorial Day Weekend Surrender Institutionalizes Stagflation

 Historians will mark Mr. McCarthy's Memorial Day weekend surrender not as an important, courageous and prescient turning point but as one more political misstep toward a prolonged war with stagflation - simultaneous slow growth or recession plus inflation.

Mr. McCarthy boldly entered the debt limit fray with a beautiful plan designed by former Office and Management and Budget Director Russ Vought that would have shaved trillions from the debt.

In his surrender to Mr. Biden, Kevin Owen McCarthy lost a golden opportunity to reassert the primacy and strategic importance of America's fossil fuels and thereby drive a stake through the heart of cost-push inflation.

Instead of standing up for measures that would have resuscitated our oil and gas sector, Mr. McCarthy let Mr. Biden and his green-eyed progressives take any such measures off the table.

Like the sadistic Nazi in "Saving Private Ryan," the Dems slowly and methodically stuck long knives into Mr. McCarthy and his Republican brethren.

Mr. McCarthy got his phased-in expansion of work requirements for food stamps.

Never mind that Mr. McCarthy had a golden opportunity to turn the stagflation ship around and make all Americans better off under Republican leadership.

https://www.washingtontimes.com/news/2023/may/30/biden-mccarthy-memorial-day-weekend-surrender-inst/

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