The Biden-McCarthy Memorial Weekend Surrender Institutionalizes Stagflation

READ THE TRANSCRIPT AND MORE AT HTTP://PETERNAVARRO.SUBSTACK.COM

Some politicians make history.  By caving so quickly to Joe Biden, Republican House Speaker Kevin McCarthy has chosen to be a footnote.

Historians will mark McCarthy’s Memorial Weekend surrender not as an important, courageous, and prescient turning point but as just one more political misstep towards a prolonged war with  stagflation – simultaneous slow growth or recession plus inflation. 

McCarthy had a golden historical opportunity to both turn the stagflation ship around and make all Americans better off under Republican leadership.  Footnotes are as footnotes do.

GET THE WHOLE STORY IN THIS PODCAST!  AND PLEASE VISIT HTTP://PETERNAVARRO.SUBSTACK.COM