Commentary The Democrats will suffer historic losses in the November midterms. This disaster for their party will come about not just because of the Afghanistan debacle, an appeased Russian President Vladimir Putin’s invasion of Ukraine, the destruction of the southern border, the supply chain mess, or their support for critical race theory demagoguery. The culprit for the political wipeout will be out-of-control inflation—and for several reasons. First, the Biden administration is in such denial of inflation that it sounds to Americans simply callous and indifferent to the misery it has unleashed. Biden officials have scoffed at price spikes as “transitory.” Or they have preposterously claimed spiraling costs are a concern only to the elite. They blame the Ukraine crisis. Or they fault the out-of-office bogeyman, former President Donald Trump. The administration assures us that consumer prices are only rising at an annualized rate of 7.5 percent—as if the steepest increase …