Marc Thiessen: Democrats Unleashed Affordability Crisis, Biden's Economic Situation Worst Since Carter

Democrats' Role in Affordability Crisis

• 💡 Marc Thiessen argues that the Democrats unleashed the affordability crisis with the Biden's American Rescue Plan, which he states caused the worst inflation in four decades.
• 🎯 The Federal Reserve's subsequent interest rate hikes to combat inflation are blamed for making housing and car loans unaffordable.
• 📌 Thiessen likens blaming Trump for affordability issues to blaming him for the Afghan withdrawal, calling it "their disaster" that Trump is trying to fix.

Economic Comparison: Trump vs. Biden

• 📊 A chart by Steve Moore is cited, showing inflation meandering during Trump's first term and then rising sharply under Biden.
• 📈 While inflation rates have decreased, Thiessen notes that prices stabilized at a high level, and recent months under Trump have seen prices around the lower end of the Biden era.
• 🔑 Trump is credited with passing a significant bill and delivering on tax cuts for tips and overtime, though their full effect will take time.

Kamala Harris's Legacy and Political Prospects

• 🎭 Thiessen humorously dismisses Kamala Harris's confidence in a lasting legacy, comparing her potential historical significance to images of disasters like the Titanic and San Francisco earthquake, and referencing Michael Dukakis.
• 🎤 He suggests Democrats should run Harris again, implying it would be politically advantageous for them.

Gavin Newsom's Political Standing

• 🧠 Despite a record in California, Gavin Newsom is described as a talented politician who "looks the part" and "sounds the part."
• ⚠️ Thiessen believes Newsom's record in California will be used against him by Democrats during primaries if he seeks the presidential nomination, as opponents will highlight his past actions.