LARRY KUDLOW: Biden flip-flops on the left's Democratic crazies
Larry Kudlow: Democratic crazies are not happy with Biden
FOX Business host Larry Kudlow reacts to President Biden breaking with the far-left on the DC crime overhaul and the latest bipartisan effort to tackle inflation on ‘Kudlow.’
Joe Biden doesn't seem to be having too much fun lately. The Democratic crazies on the left are not happy with him because he won't veto this soft-on-crime Washington D.C. bill, which at one point he said he would veto. Now he says he won't. 31 normal Democrats threw in with the Republican House majority to stop the mayhem in D.C. – or at least stop it from getting worse – by fencing off a lot of crimes that would've been made non-crimes. Not exactly New York style no-bail no-jail, but it's certainly George Soros-style: give the left-wing prosecutors the next couple of years off. Golf is more important than criminals. Victims don't matter. A couple of Senate Democrats also voted to stop the Washington DC crazies. I happen to think Mr. Biden made the right decision here, but I think we can agree flip-flopping is no fun. Flip, flop. Not good, politically.
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Then a total of fifty-nine House Democrats voted with Republicans in support of Elise Stefanik's REIN IN Inflation impact bil, which would require Biden to publish inflationary impact assessments of his executive orders prior to enacting them. We don't know about the Senate – and we can only guess that the President would veto it if it got to his desk – but can you imagine a President who runs around the country telling people he solved inflation being opposed to an inflation impact bill? Really?! By the way, the inflation rate is still around 6%. It is down from 9% – but it’s still up from the Fed's 2% target. In fact, it's 3x the Feds 2% target. So, interest rates are going to go up a whole lot more in the months ahead, which will threaten recession a good deal more. Mr. Biden's not gonna like that either.