The Biden economic fiasco

 Financial Times:

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https://www.ft.com/content/0e2b2571-c9ef-4850-8828-9b053aacbc7e?segmentId=b385c2ad-87ed-d8ff-aaec-0f8435cd42d9

But months of unrelentingly high inflation — with consumer prices still rising at an annual rate of 8.2 per cent in September — have made “Bidenomics” an almost impossible sell on the campaign trail. According to a RealClearPolitics polling average, 57.9 per cent of Americans disapprove of Biden’s handling of the economy, while just 38.9 per cent approve, a critical weakness that has left Democrats with a strong chance of losing control of the House of Representatives and possibly the Senate.

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https://www.ft.com/content/0e2b2571-c9ef-4850-8828-9b053aacbc7e?segmentId=b385c2ad-87ed-d8ff-aaec-0f8435cd42d9

“Inflation and the cost of living is [people’s] number one concern right now, and they are thinking and talking about it all the time in part because they believe it is getting worse with no end in sight,” they added. The attacks from the Republican side have been relentless — and politically effective. In campaign ads, on social media and at public events, they have pounded the cash infusions and large-scale spending for sparking and then fuelling inflation — even though the war in Ukraine and supply chain disruptions due to Covid-19 were also big factors.

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If we are lucky the Democrats will lose control of the House and Senate.  The inflation is a result of Democrats' excessive spending in response to the pandemic.

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