That is crazy. The damage has already been done; inflation will happen even with the Republican Party in control of the Senate.
The Republicans did nothing when they had control of the house and senate, they will most likely do nothing again.
The only way out is budget cuts and lots of economic pain for the next 10 years. Then a Democrat will get in and blank things up again.
Inflation will CONTINUE for many years unless FED frows a pair like chairman Volcker had during Reagan admin. Volcker raised rates higher than the prevailing inflation rate. The inflation disappeared quickly, and the media stopped calling it REGANOMICS when the economic boom exploded very qucickly after the inflation was killed off.
A short term pain of high rates worked to foster a long era of economic expansion. Rates came down quickly when inflation disappeared.
DO not hold your breath expecting career politicians to curb spending. Only the FED which is non-partisan by definition, can control inflation.
“The Republicans did nothing when they had control of the house and senate, they will most likely do nothing again.”
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Agree.
Yep, I can think of only one positive thing to come out of the GOP having the majority, that the Dems won't. Other than that nothing really changes much as far as implementing conservative initiatives
I know I was worrying about that as well. In all honesty inflation is hard to fight, being the culmination of bad policy of years or decades prior. Republicans would have to actually grow a pair to cut spending. Even military spending.