Staff Reports
President Joe Biden is trying to reassure voters about the rising costs of goods and services. Biden claims that inflation has dropped from its peak of 9% back in June 2022, but the reality is that prices are still going up and are much higher than when he first became president. Republicans are calling attention to this “Bidenflation” and are pointing out that everyday items such as food, gasoline, and housing have become more expensive, thereby making it harder for regular Americans to make ends meet.
Former President Donald Trump has also joined in the criticism, blaming Biden for the soaring prices and stating that “Biden’s price hikes are killing the American dream.” Nevertheless, Biden is hopeful that the Federal Reserve will slash interest rates before the upcoming election, providing him with an economic victory to highlight while campaigning.
Biden looks to pivot on inflation, but it may be too late #NewsBreak DO YA REALLY THINK HE CARES, that HE made EVERYTHING fucking expensive here in America, so we could “sacrifice” for the UKRAINE AND ALL THE BULLSHIT GOING ON IN THE MIDDLE EAST? https://t.co/b5F5i3WIw8
— Rob (@Rob9847840617) May 16, 2024
Economists are split on the causes of the inflation, with some pointing to supply chain disruptions due to COVID-19 lockdowns, while others blame government spending bills like the $1.9 trillion American Rescue Plan. Despite differing opinions, the public’s views on the economy and inflation are starting to solidify, potentially influencing the 2024 election.
Biden looks to pivot on inflation, but it may be too late https://t.co/yxYTEGyAtQ
— 🇺🇸 The Briefing Room 🇺🇸 🇮🇱 (@Briefing__Room) May 16, 2024
Biden’s efforts to downplay the severity of inflation have resulted in criticism, with White House press secretary Karine Jean-Pierre defending the president’s comments by attributing inflation to the pandemic’s impact on the economy and supply chains. However, Biden’s approval rating on the economy is low, particularly in regards to handling inflation, which has been reflected in recent polls. The Biden campaign plans to continue emphasizing other economic achievements, such as low unemployment rates and job creation, while closely monitoring inflation reports.
In conclusion, President Biden’s handling of the economy, particularly inflation, will be a defining factor in the upcoming election. With prices continuing to rise and public sentiment hardening, it remains to be seen how Biden’s economic policies will ultimately be judged by voters.
