Inflation has the country on edge. Democrats need to find better ways to address it

Inflation has the country on edge. Democrats need to find better ways to address it. 

As long as the Fed does not repeat the mistakes of the late 70s in fighting inflation, we should be fine. Their recent rate cuts did not benefit us, they benefited Wall Street. I am glad they are stopping such nonsense. 

For now, as another round of COVID safety measures become necessary to slow production, many are still flush with cash - or think they are because they hold inflated stock and Crypto assets, prices will go up. 

Because Omicron is not severe, we have cleared the zone where hyperstagflation is a problem. The problem is inflated asset prices - and the Build Back Better tax proposals that increase capital gains tax rates are causing a slow sell-off. We may yet avoid another financial crash. 

Oil went up because Mulvaney, as acting director of the Consumer Financial Protection Authority, eviscerated new rules to prevent what is happening now in the oil futures market. The best way to fix this is quietly, just as the best way to fix inflation is to let supply catch demand. The moral imperative is to keep aid flowing to the poorest of families, rather than to the upper working class (many of whom bought speculative assets).  

The Child Tax Credit provisions from the American Recovery Plan Act need to be made permanent and this must be done as anti-abortion legislation. Biden needs to dare the Catholic bishops to support him in doing so. That some GOP pro-lifers won't is all you need to know about their movement (that it is anti-sex, not pro-child). 

Biden needs to focus on helping the victims of inflation rather than fighting it head on or deny it is happening.  He has already helped unblock the ports, just in time for Christmas. It is not the message that will save his poll numbers. It is results. He has been around long enough to know that, even if his staff has not.