House Speaker Nancy Pelosi, a California Democrat, was criticized Sunday for downplaying inflation, which hit a rate of 8.2 percent in September — higher than the expected 8.1 percent figure.
CBS News host Margaret Brennan continued to question Pelosi Face the nation on Sunday on her thoughts on predictions that Republicans will gain control of the House of Representatives in the upcoming midterm elections. “How do you shift the momentum?” asked Brennan.
Pelosi responded with a lengthy reply in which she mentioned inflation and called it a global problem.
“The fact is…when I hear people talking about inflation…we need to change that subject. Inflation is a global phenomenon,” Pelosi said.
She has been criticized online by a number of social media users, including Rep. Bryon Donalds, a Florida Republican, who tweeted to blame Democrats for inflation and the rise in the cost of living, which he said was ” Working-class families crushed”. Donalds said, “They’re going to vote for Pelosi and the rest of them on November 8th.”
“‘We need to change the subject when it comes to inflation,’ says the lady who owns a $24,000 freezer filled with $15 ice cream.” he tweeted.
Arthur Schwartz, another Twitter user, wrote: “Nancy Pelosi doesn’t want inflation to be talked about.”
“Nancy Pelosi doesn’t want you to talk about inflation. said Twitter user Ian Smith.
Meanwhile, Pelosi argued during her Sunday interview that “the fight isn’t about inflation. It’s about the cost of living.”
Comedian Tim Young added that comment while slamming the speaker in a tweet: “‘The fight isn’t about inflation, it’s about the cost of living.’ – Nancy Pelosi, who thinks you’re too stupid to know that inflation directly affects the cost of living.”
Pelosi explains in the Face the nation Interview that despite the rising cost of living, efforts have been made to “reduce the cost of prescription drugs…reduce the cost of energy and the rest in our legislature”. The top House Democrat said, “You will see that Republicans have opposed every move, and they have no plan to lower the cost of living or help with inflation.”
“The EU, the European Union, the UK, the British have a higher inflation rate than we do here,” she added.
According to Trading Economics, the annual inflation rate in the UK rose to 10.1 percent in September, compared with 9.9 percent in the previous month. The country’s Bureau of National Statistics said the consumer price index hit 0.5 percent in September, up from 0.3 percent in September 2021.
Meanwhile, the European Union’s annual inflation rate rose to 10.9 percent in September, up from 10.1 percent in the previous month, according to Eurostat, the statistical office of the European Union.
The US inflation rate has been fueled by multiple factors, including the impact of the COVID-19 pandemic and Russia’s war in Ukraine, experts said.
“Thanks to a strong job market and generous government stimulus, consumers are in spending mode,” said Daniel Roccato, clinical professor of finance at the University of San Diego news week. “But while demand for goods and services has increased across the board, supply has not kept pace. Add terrible war and supply chain problems and you have global inflation.”
High inflation could help Republicans
However, high inflation is good news for Republicans in the upcoming midterm elections, as it draws potential voters on key issues related to the economy and crime. Republicans blame Democrats for the country’s economic woes — including high gas prices — and for rising crime across the country.
Meanwhile, the Democratic Party has accused the GOP of opposing abortion rights, an issue that has come to the fore following the fall of the Supreme Court Roe v. calf in June – End federal abortion rights for women.
Republican efforts to lobby for business and crime may be successful, according to a new ABC News/IPSOS poll. The poll data showed that 38 percent of registered voters said they trusted Republicans more on the economy, while 24 percent said they trusted Democrats more.
Meanwhile, when asked about inflation, 38 percent of registered voters trusted the GOP would slow inflation, while 21 percent said they had more confidence in the Democrats to adequately address the issue. The poll polled 618 registered voters Oct. 21-22 and has a margin of error of 4.2 percentage points.
news week reached out to Pelosi’s office for comment.
https://www.newsweek.com/pelosi-slammed-saying-we-have-change-that-subject-inflation-1754128 Pelosi hit out because he said, “We need to change this issue” of inflation