{"id":1997517,"date":"2023-08-11T07:07:01","date_gmt":"2023-08-11T11:07:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-complicates-bidens-path-back-to-the-white-house\/"},"modified":"2023-08-11T07:10:36","modified_gmt":"2023-08-11T11:10:36","slug":"inflation-complicates-bidens-path-back-to-the-white-house","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-complicates-bidens-path-back-to-the-white-house\/","title":{"rendered":"Inflation hinders Biden&#8217;s return to the White House."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Finflation-complicates-bidens-path-back-to-the-white-house%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1997517&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>President Joe Biden&#8217;s Economic Policy Faces Challenges as Inflation Rises<\/h2>\n<p>President Joe Biden&#8217;s embrace of Bidenomics as a brand for his\u200c economic policy coincides with the first consumer \u200bprice index reporting an increase in annualized inflation in a year.<\/p>\n<p>But despite other <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/republicans-smell-blood-in-the-water-as-democrats-scramble-before-midterms\/\" title=\"Republicans Smell Blood in the Water as Democrats Scramble Before Midterms\">positive economic indicators<\/a>, \u2062the report exacerbates \u200bnegative public opinion about Biden and the economy before next year&#8217;s\u200d election.<\/p>\n<blockquote>\n<h3>Inflation Ticked Up to 3.2% in July in\u200c Setback for\u2062 Biden and Fed<\/h3>\n<\/blockquote>\n<p>In the battleground state of Pennsylvania, Berwood \u200cYost, director of Franklin &#038; Marshall&#8217;s Center for Opinion \u2063Research, underscored how public perception regarding the economy &#8220;takes time to move&#8221; because it is &#8220;so \u2063complex&#8221; and affects people in &#8220;different ways.&#8221;<\/p>\n<p>&#8220;Even though inflation is slowing, they still\u2062 experienced inflation over \u2062the past few years, and things are expensive, and probably their wages haven&#8217;t really kept up,&#8221; Yost told Washington Examiner.\u200b &#8220;It&#8217;s going to take some time for them to feel like they&#8217;re getting ahead again, and \u200bthat&#8217;s part of what President Biden \u200bis up against.&#8221;<\/p>\n<p>&#8220;That stuff is particularly noticeable to the kinds of voters that used to\u200d be Democrats that have\u200c left the party behind, particularly in\u200c rural communities,&#8221; he said.\u2064 &#8220;They can move \u2064how people feel \u200dabout things. \u2063&#8230; If he wants to get reelected,\u2062 his job approval ratings in the state are going to have to start moving upward, \u2064and this is about the\u2064 time when it happens.&#8221;<\/p>\n<p>Biden won Pennsylvania by \u2064a \u2062percentage point or 81,000 votes \u2063in 2020, rebuilding Democrats&#8217; blue \u2063wall, which also includes Michigan and Wisconsin. A June Quinnipiac University poll found former President Donald Trump was leading Biden by 1\u2062 point, 47% to 46%.<\/p>\n<p>Arizona and Georgia, which Biden additionally \u2062won last cycle, are important to the president&#8217;s electoral map in case he cannot repeat his success with\u200d the blue wall.<\/p>\n<p>For University of Georgia political science professor Charles Bullock, \u2062the\u2062 concern \u200dwith inflation is &#8220;the uncertainty it creates,&#8221; even if gas, for instance, has only increased by 30 cents a gallon during the \u2064last month.<\/p>\n<p>&#8220;When people \u2064think \u200cabout economics, they&#8217;re \u200bthinking about their own pocketbook,&#8221; he said. &#8220;My guess is if I\u2062 were to go on a walk up and down the streets of Athens or\u200c Atlanta and ask people what they think about Bidenomics, they would probably give a lot of blank looks. I don&#8217;t think it&#8217;s baked into the vocabulary\u200d of the average Georgian.&#8221;<\/p>\n<p>Consumer \u2062prices increased by 3.2% in July compared to a year ago, with core inflation, excluding food and energy, up 4.7% during the same period. Both measures rose by 0.2% on a monthly basis,\u2064 driven largely by shelter costs. But although inflation has \u200ccooled \u2063since last summer and\u2062 economic growth and employment data remain strong, it is still higher than the Federal Reserve&#8217;s 2% target.<\/p>\n<blockquote>\n<h3>Biden&#8217;s Inflation &#8220;Crisis&#8221; Continues to &#8220;Wreak Havoc&#8221; on the Public<\/h3>\n<\/blockquote>\n<p>&#8220;More Americans are\u2062 behind\u2063 on credit cards, auto loans, and personal loans than at any time since 2009, while credit card debt is at an all-time high,&#8221; RNC spokesman Jake Schneider said. &#8220;Interest rates\u200b are at their highest in 22 years,\u200d and gas prices,\u200b which have only been higher since Biden \u2063took office, are surging.&#8221;<\/p>\n<p>July&#8217;s\u200b <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-complicates-bidens-path-back-to-the-white-house\/\" title=\"Inflation hinders Biden's return to the White House.\">consumer price index \u2063report similarly coincides<\/a> with Biden&#8217;s tour of Arizona, New Mexico, and Utah to commemorate the first anniversary of the Inflation Reduction Act, the Democrats-only $430 billion healthcare and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/group-of-160-republicans-urge-biden-to-fix-supply-chain-crisis-before-considering-more-social-spending\/\" title=\"Group of 160 Republicans Urge Biden to Fix Supply Chain Crisis Before Considering More Social Spending\">climate spending bill<\/a>.<\/p>\n<p>During a fundraiser the day before the report&#8217;s release, Biden told donors in Albuquerque, New Mexico, that June&#8217;s\u2063 3%\u2064 annual inflation is &#8220;the lowest in two \u2063years,&#8221; inaccurately adding the \u200crate was &#8220;9% when we took over.&#8221; It was actually\u2062 1.4% in January 2021 when the president was inaugurated.<\/p>\n<p>Biden, too, downplayed\u2064 his approval ratings. His average\u2063 overall <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-stalled-agenda-creates-new-challenges-for-democrats-before-midterms\/\" title=\"Biden's Stalled Agenda Creates New Challenges for Democrats Before Midterms\">approval-disapproval rating<\/a> is 41%-54%, his <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-picks-up-the-pace-in-pursuit-of-2024-campaign-cash-near-end-of-quarter\/\" title=\"Biden ramps up efforts for 2024 campaign funds as quarter comes to a close.\">economic approval-disapproval<\/a>\u200c is 38%-58%, and his inflation\u2063 approval-disapproval is 34%-62%, according to RealClearPolitics.<\/p>\n<p>&#8220;Most presidential historians\u2062 are giving me\u200d enormous credit\u200b for saying I&#8217;ve got more done in two years than any president since Roosevelt,&#8221; he said. &#8220;But it doesn&#8217;t sh- \u2014 no, no, no. \u200cIt d- \u2014 it doesn&#8217;t show. It takes time for people to \u2062realize \u200dwhy that&#8217;s there.&#8221;<\/p>\n<p>During her first live \u2064television interview, which aired the same day as the \u200creport, Biden\u200b campaign manager Julie Chavez Rodriguez dismissed the lack\u200c of enthusiasm for the president, particularly among \u200bnonwhite, non-college-educated people, contending &#8220;polls are\u200b snapshots in time.&#8221;<\/p>\n<p>&#8220;The reason why we have a campaign now is to ensure that we&#8217;re \u200breaching out to all of our voters,\u200c to making sure we&#8217;re communicating with them what this president and vice president have helped to \u200bdeliver,&#8221; Chavez Rodriguez told CNN. &#8220;That is historic achievements,\u200b like the Inflation Reduction Act, which we will celebrate \u200dthe anniversary next week, that&#8217;s combating the climate crisis, that&#8217;s lowering energy costs, that&#8217;s also\u200d lowering \u200bprescription drug costs, as well as incredible investments in colleges and universities, our HBCUs.&#8221;<\/p>\n<p>&#8220;We&#8217;re going to continue to make sure that we&#8217;re communicating those core messages to the voters and, again,\u200b reminding them that \u2062this is in stark contrast to\u200b what they&#8217;re seeing from a Republican field that continues to take more and more extreme positions,&#8221; she said.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/news\/inflation-ticked-up-to-3-2-in-july-in-setback-for-biden-and-fed\">Click here to read more from\u2064 the Washington Examiner<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Biden&#8217;s adoption of Bidenomics as his economic policy brand aligns with the first consumer price index showing a rise in annualized inflation in a year. However, this report, along with other positive economic indicators, worsens public perception of Biden and the economy ahead of next year&#8217;s election. Inflation reached 3.2% in July.<\/p>\n","protected":false},"author":1,"featured_media":1997518,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1997517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1997517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1997517"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1997517\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1997518"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1997517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1997517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1997517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}