The political peril that Biden didn’t see coming

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

Americans are likely to face higher prices on everything from gasoline to groceries well into next year — threatening to turn a simmering economic issue into a major political one. The rapid reopening of the economy this summer led to massive price hikes for travel services, used cars and other goods that were initially dismissed as fleeting phenomena. But the inflation spike now appears to be on track to persist deep into 2022, when midterm elections will determine who controls Congress, as clogged supply chains, labor shortages and unabated consumer…

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