Six in 10 Americans say Biden isn't good on inflation and that Congressional Democrats are also to blame. | Rudy and Peter Skitterians/Pixabay
Six in 10 Americans say Biden isn't good on inflation and that Congressional Democrats are also to blame. | Rudy and Peter Skitterians/Pixabay
Many Americans surveyed in a national poll think President Joe Biden hasn’t done a good job with inflation, even as they think that he and Congressional Democrats, which would include Wisconsin Democrats, are responsible for it.
Six in 10 Americans said Biden has done a poor job regarding inflation, according to the Senate Opportunity Fund National Polling Data interviews conducted online March 15-17. A not-for-profit organization, the Senate Opportunity Fund supports conservative policies through “research, issue advocacy and communications,” its website said.
“Inflation is the decline of purchasing power of a given currency over time,” Investopedia said.
The Consumer Price Index (an indicator of inflation) for February was at 7.9%, the U.S. Bureau of Labor Statistics said.
The Senate Opportunity Fund National Polling Data for March 15-17 showed that 60% interviewed described Biden’s job regarding inflation to be a “poor job,” while 35% said he has done a “good job.” Five percent had no opinion.
“Do you think President Biden and Congressional Democrats are doing enough to stop inflation? YES: 30% NO: 61%,” the Senate Opportunity Fund tweeted.
Fifty-six percent of respondents said Biden and Congressional Democrats are responsible for inflation. Thirty-three percent said they aren’t responsible.
Biden’s COVID-19 relief package passed in March 2021 – a major source of government spending that many economists said has contributed to the country's inflation problem – was backed by U.S. Sen. Tammy Baldwin (D-WI). U.S. Sen. Ron Johnson (R-WI) voted against the bill.
Òscar Jordà, a senior policy advisor in the Economic Research Department of the Federal Reserve Bank of San Francisco, and others wrote in an “Economic Letter” that “the sizable fiscal support measures aimed at counteracting the economic collapse due to the COVID-19 pandemic could explain about 3 percentage points of the recent rise in inflation.”
“However, without these spending measures, the economy might have tipped into outright deflation and slower economic growth, the consequences of which would have been harder to manage,” the letter said.
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