Connect with us

Hi, what are you looking for?


Analysis: Inflation is crushing Joe Biden and Democrats

Prices rose 8.5% from March 2021 to March 2022, while they increased 1.2% from February to March. Half of the increase in the CPI was due to rising gas prices in March.

The problem for Biden (and his party) is that it’s not at all clear that people care why everything they are trying to buy costs more. All they know is that gas prices are through the roof — although they are lower this week than last — and everything they want or need to buy costs more (a lot more) than it did a year ago.

Inflation is such a powerful issue in politics because, unlike, say, foreign policy, it touches every person on a daily basis. You notice when it costs more to fill up your car. Or shop for groceries. Or buy just about anything.

Consider this from Matt Zeitlin, an economics reporter at Grid News, about the details of the CPI report: “The food at home index rose 10.0 percent over the last 12 months, the largest 12-month increase since the period ending March 1981. The index for meats, poultry, fish, and eggs increased 13.7 percent over the last year as the index for beef rose 16.0 percent.”

When that happens, you look for someone to blame. And, if past is prologue, you blame the party in charge.

Now, that is, at some level unfair. It is very difficult for the president of the United States to deal with rising inflation — particularly given the ongoing international crisis occasioned by Russia’s ongoing invasion of Ukraine.

But, what the soaring — and historically high — inflation numbers mean is that President Joe Biden’s attempts to sell a positive economic story will continue to be badly hamstrung.

Despite unemployment falling to 3.6% in March, the lowest since the start of the pandemic in February 2020, polls suggest that people remain very concerned about the state of the economy.
In Gallup polling last month, more than 1 in 3 people (35%) cited economic issues as the most pressing concern facing the country — up from just 22% who said the same in January. Of that 35%, almost half — 17% — cited rising inflation specifically as the biggest issue confronting the country, more than double the number who said the same in January.

This is a massive political problem for Biden and his party. And, experts predict that the CPI will remain above 6% for the remainder of the year, meaning that it isn’t going away as an issue anytime soon.

Tuesday’s CPI report is a major dark cloud on the political horizon for Democrats. And there’s no obvious way to solve the problem between now and November.

Click to comment

Leave a Reply

Your email address will not be published.

You May Also Like


Biden plans to observe a joint airspace control center where members of the US and South Korean militaries work alongside each other to monitor...


But what is actually happening? How is this different from the way things were handled in the past? And what could happen next? Here’s...


The 3rd US Circuit Court of Appeals in Philadelphia ruled Friday that undated ballots should be counted in a November 2021 election for a...


Cassidy Hutchinson was subpoenaed to appear in front of the committee on Tuesday. It was her third session answering the panel’s questions. The source...


Perhaps more surprisingly as we head into the heart of the primary season, the same is true when it comes to gender. Even after...


Haaland told the Senate Committee on Energy and Natural Resources that her agency plans to release a proposal for its next five-year plan for...


The report, dubbed by the Biden administration as the first study of firearms trafficking in more than 20 years, was issued days after a...


A first-time candidate and the most formidable of Greene’s five primary opponents, Strahan has the backing of the Republican Jewish Coalition PAC and the...