First of all, check out inflation around the world. Biden is not president of ANY of the other countries struggling with inflation more than we are.
Slowing inflation suggests that Biden’s policies are helping, but American voters are still hurting
FILE - President Joe Biden speaks in the Roosevelt Room of the White House, Oct. 4, 2023, in Washington. Biden can make an increasingly strong case that he's helped fix inflation. Figures issued January 2024 reflected a historic level of progress on battling high prices, hinting that inflation could be near the Federal Reserve's 2% target around the time of November's election. (AP Photo/Evan Vucci, File)
Oh, wouldn't THAT be a bitch?
Associated Press Economics Writer Joshua Boak. (AP Photo/J. David Ake)
BY JOSH BOAK
Updated 10:15 AM CDT, January 13, 2024
WASHINGTON (AP) — President Joe Biden can make an increasingly strong case that he’s helped fix inflation — if only he can get voters to believe him.
Figures issued this past week reflected a historic level of progress on battling high prices, hinting that inflation could be near the Federal Reserve’s 2% target around the time of November’s election. The consumer price index posted an an annual increase of 3.4%, but the prices charged by the producers of goods and services rose a meager 1% over the past year.
Current and former aides say Biden is eager to do more to bring down inflation, after a price surge in 2021 and 2022 crushed his public approval ratings in a way that is dragging down his reelection efforts. They see reasons for optimism with improving consumer sentiment.
“It’s an ongoing effort,” said White House chief of staff Jeff Zients. “Under his leadership, we’ve attacked inflation from every angle.”
The question is whether voters are feeling the improvement and will reward Biden. Or will they penalize him because inflation became a problem on his watch as the U.S. emerged from pandemic shutdowns? The answer could hinge on how people feel about the costs of necessities such as gasoline and eggs.
Know what, trade in those low mileage gas hogs and eat fewer f'ing eggs.
Y'all know damned well ya won't be sweating inflation while being wheeled in on the gurney for a CAB procedure.
Slowing inflation suggests that Biden’s policies are helping, but American voters are still hurting
FILE - President Joe Biden speaks in the Roosevelt Room of the White House, Oct. 4, 2023, in Washington. Biden can make an increasingly strong case that he's helped fix inflation. Figures issued January 2024 reflected a historic level of progress on battling high prices, hinting that inflation could be near the Federal Reserve's 2% target around the time of November's election. (AP Photo/Evan Vucci, File)
Oh, wouldn't THAT be a bitch?
Associated Press Economics Writer Joshua Boak. (AP Photo/J. David Ake)
BY JOSH BOAK
Updated 10:15 AM CDT, January 13, 2024
WASHINGTON (AP) — President Joe Biden can make an increasingly strong case that he’s helped fix inflation — if only he can get voters to believe him.
Figures issued this past week reflected a historic level of progress on battling high prices, hinting that inflation could be near the Federal Reserve’s 2% target around the time of November’s election. The consumer price index posted an an annual increase of 3.4%, but the prices charged by the producers of goods and services rose a meager 1% over the past year.
Current and former aides say Biden is eager to do more to bring down inflation, after a price surge in 2021 and 2022 crushed his public approval ratings in a way that is dragging down his reelection efforts. They see reasons for optimism with improving consumer sentiment.
“It’s an ongoing effort,” said White House chief of staff Jeff Zients. “Under his leadership, we’ve attacked inflation from every angle.”
The question is whether voters are feeling the improvement and will reward Biden. Or will they penalize him because inflation became a problem on his watch as the U.S. emerged from pandemic shutdowns? The answer could hinge on how people feel about the costs of necessities such as gasoline and eggs.
Know what, trade in those low mileage gas hogs and eat fewer f'ing eggs.
Y'all know damned well ya won't be sweating inflation while being wheeled in on the gurney for a CAB procedure.
