Biden and Democrats face up to biggest political liability: Inflation

“It’s the inflation, stupid.” 

That twist on the Bill Clinton-era slogan, ”It’s the economy, stupid,” could easily become the mantra for this November’s midterm elections. Inflation is running at an annual rate of 7.5%, the highest level in 40 years. And unlike other aspects of the economy that are currently strong – including low unemployment and robust growth – it touches everybody in a tangible way. 

“Inflation is very personal,” says Capri Cafaro, an executive-in-residence at American University’s School of Public Affairs and a former Ohio Democratic state senator. “When everything you buy is more expensive and your income is going less and less far, people are going to get