It’s neither democrats nor the Federal Reserve.
It’s the results of 40 years of bipartisan support for low tariffs and free trade agreements that have opened our markets up to competition from low wage labor.
Our citizens benefit temporarily from low priced goods, but then they lose their jobs and can no longer afford the low priced imports.
Meanwhile the portion of our citizens who remain employed still think they are benefiting from low priced imports but don’t associate the fact that they are now supporting 100 million Americans on food stamps with the cheap prices they are paying for imports.
Cheap Imports are EXPENSIVE when you add the indirect costs of American unemployment.
Democrats extreme environmental policies have greatly impacted high paying heavy industry jobs. Just look at the difference between TX and CA as an example of this.