.KarlRove on soaring inflation, Biden admin doubling-down on blame game: 'Are they thinking we're dumb?'
KARL ROVE:the inflation rate
was 1.4%. That's below the target set by the Federal Reserve. By April, after the passage of the American Rescue Plan, $1.9 trillion of additional spending that even Democratic economists warned might kick off inflation, the inflation rate was 4.16%. Think about that. It nearly tripled in the course of four months. By July, it was 5.3%. By October 5.2%. It sort of moderated a little bit, but still stuck up there higher than it was at the beginning of the year.
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