Biden administration and Democrats in general are facing major issues with the inflation and skyrocketing prices lately. This means losing voters day by day and no light is seen at the end of tunnel.
Just when everyone thought 2021 will be good year getting out of the last, pandemic-year recession, gas prices, cost of food and other household items prices increased by far and the inflation was significantly high in May. What’s even more, Democrats proposals to spend trillions in the upcoming period will push the inflation completely our of control. Where is the end?
Republicans warned that President Joe Biden’s $2 trillion American Recovery Plan is flooding the economy with cash and the inflation is on its way earlier. It turned out they were right.
“Gas prices are the easiest for people to see, feel, touch, and also the easiest to tie to Biden and the Democrats,” a Republican pollster said before cautioning: “This has yet to come up in our focus groups. People are still focused on employment, recovery, and opening schools.”
The inflation seems not to be an issue right now for Biden’s administration and Democrats, but the price tag will be paid if this trend continues in the upcoming months. Biden enjoys an enviable 54% job approval rating in the RealClearPolitics average and has topped 50% for the balance of his presidency.
Knowing that, Biden enjoys ‘decent’ support for now and it seems that people are not stressed much about rising prices as long as they receive weekly and monthly federal support funds. But relieve funds will end at some point and Democrats are worried what would be the impact then.
The latest statistics show that prices have increased for 0.6% in May after rising 0.8% in April and 0.6% in March. Warning trend continues as gas and food prices continue to rise along with energy prices. Such an increase people haven’t seen in decades.
Republicans are putting all their efforts attempting to tie higher prices to Biden’s economic agenda. Biden and Congressional Democrats have been under pressure for some time now and they have little room for error in the midterm elections. Republicans hope to gain some voters as rising prices tag shall be paid over time.
“We recently highlighted how President Biden’s mismanagement of the economy, by spending trillions of taxpayer dollars on liberal wishlists disguised as ‘COVID relief’ while paying people to stay home and not produce goods has left Americans paying more for everything from groceries to gasoline,” the press release from the California Republican’s office read.
“His tax-and-spend agenda spiked consumer costs across the board, resulting in levels of inflation not seen since Jimmy Carter was president,” the McCarthy press release added.
At this point Democrats are afraid if they can put in control the inflation by the time the 2022 campaign is in full swing. If not, they will surely lose a decent support from last presidential elections. And that is actually what Republicans are waiting for. No matter how ungrateful it is, Republicans hope the inflation to continue and push on Democrats even harder.