More Americans Blaming Biden For Inflation
Surveys over the last few months have shown that Americans are looking at several factors for contributing to inflation these days. It seems everything is to blame but decades of questionable monetary policy and there are more shortsighted excuses which seem to be picking up the blame for current inflation worries.
Biden is seeing a new low for his approval rating as more Americans look to blame him for inflation worries. He isn't the only one people are pointing the finger at, many overwhelmingly also blame corporate greed for current prices too. They act as if all business owners throughout every industry in the market got together in their own respective organizations to decide they were just going to stick it to the customer just a bit more in price. Let's pluck price increases out of nowhere that aren't linked to any economic factors and just see how the public deals with it.
Never mind that countries around the world who operate with questionable central banking policies are seeing varying degrees of concerning inflation.
Don't forget that in the last few years the U.S. government has printed trillions of dollars in new debt. No matter how hard they want to push the propaganda that debt doesn't matter, they too will have to eventually face the fact that continually escalating debt is a problem which inevitably will need to be dealt with in one way or another.
9 out of 10 Americans are worried about inflation right now.
Some surveys suggest it might be as many as 9 in 10 Americans who are concerned about inflation right now and what it will mean for their standard of living.
pics:
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Sources:
https://www.cnbc.com/2022/04/13/bidens-approval-falls-to-new-low-amid-economic-pessimism-cnbc-survey-finds.html
https://nypost.com/2021/08/12/nearly-80-of-americans-blame-biden-for-inflation-surge-poll/
https://www.bloomberg.com/news/articles/2022-01-16/biden-s-job-on-inflation-found-lacking-by-majority-in-cbs-poll
https://www.livemint.com/industry/banking/lessons-from-the-fed-s-3-trillion-money-printing-11592322603528.html
https://www.nytimes.com/2022/02/25/business/economy/inflation-americans-worry.html
It easy to blame others instead finding out the actual reason of it. Thanks for your informative and valuable blog.
I live in Hungary, and the local inflation was 7.90% in January. We have not had such a high inflation in the previous 15 years (since 2007 August).
Nowadays the high inflation is a worldwide thing.
Some of us have been accused of being Chicken Littles for warning of looming price inflation in response to many years of money supply inflation and economic interventions. We were mocked and called cranks by Keynesians and the MMTers.
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Well Biden has not done much to help reduce inflation. We are more reliant on oil, products are not being shipped as readily as they once were, and the spiral of inflation continues. Yeah, this was bound to happen considering the economy and the need for a reset, but Biden has not helped matters.
Blame the Federal Reserve. Biden, Trump, etc they all just do what the bankers want.