Politics Most Independents, a Key Demographic for Biden, Blame Him for Rising Prices
How Government Could Make the Inflation Problem Worse
With politically damaging price increases showing no signs of easing, it may be tempting to take counterproductive measures.Ben: The inflation news we got yesterday isn’t ideal. The price of seemingly everything in America, from rent to furniture to cars, is still rising, with an overall 5.4 increase from a year ago — the highest yearly spike since 2008. This has dashed consumers’ (and the Biden administration’s) hopes that such price increases, which are directly connected to Covid economic aftershocks, would fade quickly.
A majority of independent voters blame President's administration for increasing inflation, according to a new poll.
The latest Politico/Morning Consult survey found 61 percent of independents—a key demographic for Biden—think his administration's policies are somewhat or very responsible for rising prices across the country.
Donald Trump and Joe Biden Neck and Neck in 2024 Presidential Polling
The new poll also indicated that Biden may be losing his grip over the independent voters who helped secure his win last November. "In 2020 exit polling, President Biden won independent voters by a 54 percent to 41 percent margin," said J. Ann Selzer of Selzer & Company. "If the election were held today, our poll shows former President Trump winning that group 45 percent to 28 percent. It is a massive shift in a demographic that helped carry Biden to victory less than two years ago."This news comes as Biden's approval rating continues to fall among Americans.
Overall, 62 percent of American voters said the president's policies are responsible for the issue—including 41 percent ofand 85 percent of surveyed by the news outlet.
Consumer prices increased last month as food and energy prices rose, according to data from the Department of Labor. The surge in prices pushed inflation up 5.4 percent from where it was a year ago.
The annual increase in the consumer price index was the highest in 13 years, matching the readings in June and July.
Fewer voters (48 percent) think Americans returning to pre-pandemic behaviors are somewhat or very responsible for rising inflation, as the White House has argued. Democrats were more likely to say that's the case (60 percent) than independents (48 percent).
Donald Trump Says Unloading Ships 'Very Simple Task' in Dig at Supply Chain Crisis
The Biden administration has not ruled out deploying the National Guard to assist with unloading ships.Trump issued a statement on Thursday claiming the Biden administration was trying to blame him for the crisis as a large number of ships laden with cargo are idling off California waiting to be unloaded.
Independent voters were vital to Biden's electoral win in the 2020 presidential race. The demographic group favored the Democrat by 13 points. In comparison,lost the voting bloc to by four points in 2016.
But polling suggests Biden has been losing independent support. Just 34 percent of independents polled by Politico/Morning Consult said they somewhat or strongly approve of the job Biden is doing.
Supply chain disruptions are one factor pushing up inflation. The rising demand for goods as economies emerge from the COVID-19 pandemic, coupled with worker shortages, has resulted in bottlenecks at ports.
Two California ports responsible for 40 percent of the container traffic that enters the U.S. have shifted to 24-hour schedules to help ease the supply chain burden. Union Pacific Railroad also recently started operating its California ICTF facility 24/7 to keep up with the pace of the ports.
Two-Thirds of Independents, a Key Biden Demographic, Oppose His $3.5 Trillion Bill: Poll
Some Independents want a smaller price tag on the package, but others don't want Congress to pass the spending bill at all.The $3.5 trillion spending package includes provisions for universal pre-K, two years of free community college and an expansion of Medicare. Democrats hope to pass it by way of reconciliation, thereby bypassing Republicans in the Senate, but two members of their party aren't keen on the price tag and legislators acknowledge it may have to be pared down.
The Biden administration also announced last week that several corporations—including, Target, Home Depot and UPS—are implementing more nighttime hours to increase output.
Biden vowed last week to direct federal support to address supply chain woes if necessary. He also said that "if the private sector doesn't step up, we're going to call them out and ask them to act."
But Kathy Bostjancic, an economist at Oxford Economics, told the Associated Press earlier this month that the expectation is inflation will remain above 3 percent through mid-2022.
The Politico/Morning Consult poll surveyed 1,998 registered voters between October 16 and October 18. The poll's margin of error is plus or minus 2 percentage points.
COVID-19, corporate taxes, Iran nuclear deal on Biden's agenda for Day One of G-20 summit .
The G-20 summit that opened Saturday in Rome will mark the first time in two years that some of the world's most powerful leaders have met in person.Biden arrived at the modernist, cloud-shaped convention center in Rome where the Group of 20, or G-20, is meeting and was welcomed by Italian Prime Minister Mario Draghi. A few minutes later, he joined other leaders for a traditional "family photo.