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Voters Say Biden Will Make Inflation Worse

Summary:
Biden still has a big “inflation!” political problem…. Story at National Pulse:As the U.S. economy braces itself for the third year of an inflation surge that has substantially hiked the cost of living and sharply depressed real wages, most registered voters believe President Biden’s policies will cause prices to rise.   A poll by CBS News and YouGov released Sunday shows that 55 percent of registered voters believe Biden’s policies will trigger price increases. Only 17 percent of registered voters believe his policies will cause prices to decline.  Twenty-seven percent believe his policies won’t impact prices either way, suggesting that 82 percent of voters believe Biden is ineffective at controlling inflation or is actively making it worse.Voters Say Biden Will Make Inflation Worse,

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 Biden still has a big “inflation!” political problem…. Story at National Pulse:

As the U.S. economy braces itself for the third year of an inflation surge that has substantially hiked the cost of living and sharply depressed real wages, most registered voters believe President Biden’s policies will cause prices to rise.   

A poll by CBS News and YouGov released Sunday shows that 55 percent of registered voters believe Biden’s policies will trigger price increases. 

Only 17 percent of registered voters believe his policies will cause prices to decline. 

Twenty-seven percent believe his policies won’t impact prices either way, suggesting that 82 percent of voters believe Biden is ineffective at controlling inflation or is actively making it worse.




Biden still using Larry Summers’ monetarist playbook to get himself out of his political problem:




Which will mean the continued regressive high interest rate policy during this election year…. Democrats sacrificing their political prospects on the alter of monetarism…



Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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