18% vs. 6%
Consumer prices are up 18% since Biden's inauguration on 1/20/2021. During the equivalent period under Trump, consumer prices were up 6%.
When I hear Democrats complain about how Trump could possibly be popular with his catalogue of faults, I think about how high inflation doomed three Presidents in a row from 1974 to 1980. Biden's got the highest 3-year inflation total for an incumbent since Carter, who did lose his re-elect. Voters don't like to see prices rise this quickly.
Usually the high-inflation Presidents also have to deal with a recession on their watch, because usually the Fed induces a recession to fight inflation. This time we haven't yet experienced the widely-predicted recession that usually results from inverting interest rates for so long, but the high inflation alone is enough to depress Biden's popularity below that of Trump. A mid-2024 recession would just make it easier to boot Biden, "Anybody but Biden" would become our national slogan after a summer of widespread layoffs.
I have a friend who says the Jan 6 insurrection is reason enough to do everything to stop Trump, but few people were directly affected by anything that happened on Jan 6, while everybody has been affected by the 18% rise in prices.
[I'm enjoying staying in bed this morning!]
When I hear Democrats complain about how Trump could possibly be popular with his catalogue of faults, I think about how high inflation doomed three Presidents in a row from 1974 to 1980. Biden's got the highest 3-year inflation total for an incumbent since Carter, who did lose his re-elect. Voters don't like to see prices rise this quickly.
Usually the high-inflation Presidents also have to deal with a recession on their watch, because usually the Fed induces a recession to fight inflation. This time we haven't yet experienced the widely-predicted recession that usually results from inverting interest rates for so long, but the high inflation alone is enough to depress Biden's popularity below that of Trump. A mid-2024 recession would just make it easier to boot Biden, "Anybody but Biden" would become our national slogan after a summer of widespread layoffs.
I have a friend who says the Jan 6 insurrection is reason enough to do everything to stop Trump, but few people were directly affected by anything that happened on Jan 6, while everybody has been affected by the 18% rise in prices.
[I'm enjoying staying in bed this morning!]