Inflation Hits 41-Year High, DeSantis Makes Massive Reelection Haul

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US inflation has hit a 41-year high under President Biden, Fla. Gov Ron DeSantis makes a huge reelection haul prompting presidential speculation, Okla. Gov. signs near-total abortion ban and more in conservative politics.

Biden’s economy: Inflation hits 41-year high

Under President Joe Biden, inflation in the United States has soared in March to reach a 41-year high of 8.5% over the past twelve months, the highest amount since 1981, ABC reported.

In February, the report recorded inflation at 7.9% over the last twelve months, itself a 40-year high and the highest level since 1982, CNBC reported.

The White House blamed inflation on supply chain bottlenecks, strong consumer demand, global food, and energy market disruptions, while the Biden administration blamed Russia’s invasion and the war on Ukraine.

“We expect March CPI headline inflation to be extraordinarily elevated due to Putin’s price hike,” said White House press secretary Jen Psaki on Monday, a day before the Labor Department released its latest data from the consumer price index (CPI).

According to AAA, as of Tuesday, April 12, the national average for a gallon of regular unleaded gasoline stood at $4.098.

Manchin accuses Biden of failing to ‘act fast enough’ to hedge inflation

Senator Joe Manchin (D-WV) accused the administration of President Biden for not taking action quickly enough to try to stave off or diminish inflation, the Washington Times reported.

“The Federal Reserve and the administration failed to act fast enough,” Manchin said. “Instead of acting boldly, our elected leaders and the Federal Reserve continue to respond with half-measures and rhetorical failures searching for where to lay the blame.”

“Getting inflation under control will require more aggressive action by a Federal Reserve that waited too long to act,” Manchin added. “It demands the [Biden] administration and Congress, Democrats and Republicans alike, support an all-the-above energy policy because that is the only way to bring down the high price of gas and energy while attacking climate change.”

DeSantis hauls in over $100 million for reelection bid

Florida Governor Ron DeSantis has raised over $100 million in his bid for reelection in 2022. Between January 1, 2021, and December 31, 2021, DeSantis called in nearly $109.7 million, according to fundraising records filed with the Florida secretary of state, The Hill reported. Most of the money came entirely from donations. The amount puts DeSantis on par with other conservative heavyweights, such as former President Trump, whose groups raised around $140 million in 2021.

The fundraising amount is now driving speculation that DeSantis may consider a potential 2024 campaign for the Republican presidential nomination.

Oklahoma Governor signs near-total ban of abortion into law

Oklahoma Governor Kevin Stitt (R) signed a bill into law on Tuesday that makes it illegal to perform nearly all abortions.

The law makes performing an abortion a felony, with penalties as steep as 10 years in prison and a $100,000 fine. The only exceptions are if the birth mother’s life is in danger. It does not allow exceptions for rape or incest.

The bill had nearly 80 percent support in both the Oklahoma Senate and House earlier this year, the Washington Post reported.

Challenge to Roe v. Wade this summer in Supreme Court

Oklahoma joins Alabama and Arkansas in near-total abortion bans. This summer, a Mississippi abortion ban case is expected to be heard by the Supreme Court, which could impact the future of laws and other states, as well as potentially overturn or significantly roll back Roe v. Wade, the landmark 1973 ruling that guaranteed the right to abortion nationwide.