The Corner

Dick Morris on 2012

I didn’t realize his talents included economic forecasting, but he is very confident that inflation will doom Obama’s reelection (via Jon Chait).

(While looking for the URL I found this March 2009 column predicting double-digit hyperinflation “coming next year.” BLS reports that inflation in 2010 ran at 1.6 percent. The rate in 2009 was -0.4 percent. I think you have to go back to the early ’60s to find two years with a lower average inflation rate. Of course, one of these days he could turn out to be right.)

Ramesh Ponnuru — Ramesh Ponnuru is a senior editor for National Review, a columnist for Bloomberg Opinion, a visiting fellow at the American Enterprise Institute, and a senior fellow at the National Review Institute.

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