Half of Texans Blame Biden for Soaring Inflation: Survey
Nearly 50 percent of Texans believe President Joe Biden and Congress are responsible for the soaring inflation, according to a new survey by The Dallas Morning News and the University of Texas at Tyler.
According to the survey, 48 percent of respondents blamed Biden and Congress for inflation and the rising cost of living, including 75 percent of Republicans.
Another 27 percent blamed soaring prices on supply chain problems, while 9 percent pegged the blame on Texas Gov. Greg Abbott and state legislators.
A further 12 percent said they believe higher costs are down to Russia’s invasion of Ukraine.
The survey of 1,384 registered Texas voters (pdf) was conducted between Aug. 1 and 7 and the margin of error for a sample of 972 registered voters in Texas is +/- 2.6 percentage points, while the more conservative margin of sampling error that includes design effects from the poll is +/- 2.8 percentage points for a 95 percent confidence interval.
The Biden administration has consistently blamed ongoing supply issues prompted by the COVID-19 pandemic, labor shortages, and Russian President Vladimir Putin’s “special military operation” in neighboring Ukraine for a surge in prices, dubbing the latter “Putin’s price hikes.”
However, prices began rising long before the invasion of Ukraine, rising by 2.5 percent between September 2021 and February 2022.
In an effort to bring inflation down, the Federal Reserve has increased its policy rate from almost zero to 2.5 percent since March. Another aggressive hike is expected in September.
Inflation Still Soaring
However, inflation is still running high, with data from the Bureau of Labor Statistics showing annual inflation at 8.5 percent in July.
That figure, though, which is down from June’s 9.1 percent high, received quick praise from the Biden administration, which claimed that the U.S. economy had “zero percent” inflation last month.
Yet the latest survey found that 7 in 10 Texans say they are
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