‘We Have Created the Scarcity on Purpose’
The economy is one of the biggest vulnerabilities for Democrats this election and, in particular, the issue of affordability. Many Americans blame the Biden administration for the past few years of high inflation, and housing costs have become a crisis in cities across the country. These are top concerns for voters, and the Democratic Party hasn’t articulated the clearest answer.
But there are some Democrats working hard on this and trying to push the party in a new direction. Brian Schatz is the senior senator from Hawaii and an influential policy voice in the Democratic Party. And over the past few years, he’s had a political evolution — about why things are so expensive and the role the government should play to fix it.
In this conversation, I talk with Senator Schatz about the role the Democratic Party has played in making the affordability crisis worse, the policies he thinks could make a dent and why it’s so hard for the party to change course.