
McCarthy Wins—And Maybe So Does Biden?
The Commentary Magazine Podcast
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Biden's Inflation Reduction Act Favors Conservative Priorities
John Avlon: If the conservatives and McCarthy continues to behave as a good leader and doesn't oversell what they got is modest about what they did, because it is a fairly modest deal for them too. The difference is, we are post 2020. We are post the COVID spending, which means we live in an inflationary economy. And Americans have watched as the government spent over $6 trillion dealing with the COVID pandemic and its aftermath when you include the American Recovery Act. In the midst of that economic environment, I spending leading to inflation. That favored McCarthy and McCarthy was able to be reasonable. It's not perfect, but it does favor conservative priorities.
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