247 Local Media – Get Your Questions Answered Now!247 Local Media – Get Your Questions Answered Now!

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Maximizing Efficiency: How to Optimize Your Commercial Office Space Layout

    April 17, 2023

    How Digital Marketing Can Help You Reach and Engage with Your Target Audience

    March 28, 2023

    Discover the Internet Services Provided by Xfinity

    February 28, 2023
    Facebook Twitter Instagram
    • Home
    Facebook Twitter Instagram
    247 Local Media – Get Your Questions Answered Now!247 Local Media – Get Your Questions Answered Now!
    Subscribe
    • Home
    • Automotive
    • Business
    • CBD
    • Crypto
    • Education
    • Entertainment
    • Fashion
    • Finance
    • Health
    • Home Improvement
    • Law \ Legal
    • News
    • Shopping
    • Sports
    • Technology
    • Travel
    • Contact US
    247 Local Media – Get Your Questions Answered Now!247 Local Media – Get Your Questions Answered Now!
    Home»Business»Inflation ‘eating his presidency alive’
    Business

    Inflation ‘eating his presidency alive’

    By July 14, 2022No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Inflation ‘eating his presidency alive’
    Share
    Facebook Twitter LinkedIn Pinterest Email
    Inflation ‘eating his presidency alive’

    [ad_1]

    Polling data shows that American voters are increasingly fed up with President Biden during the recent surge of inflation, a CNN analyst said Wednesday.

    The dire forecast from CNN data analyst Harry Enten came hours after federal data showed inflation had surged to 9.1% in June — the sharpest rate of increase since November 1981.

    “Every single other president, at this point in their first term throughout polling history — this goes all the way back since the 1940s — he is the worst on both,” Enten said during an appearance on Anderson Cooper’s “AC360” on Wednesday night.

    “And the reason he is the worst overall is because inflation is eating his presidency alive at this point.”

    Enten noted that the latest available polling data put Biden’s disapproval rating at 58%, up from 44% a year ago. Biden’s disapproval rating is even worse when it comes to the issue of inflation, with 71% of respondents expressing dissatisfaction with his handling of the crisis.

    Inflation graph
    Americans are paying an extra $500 per month due to inflation.

    Meanwhile, 33% of respondents said their top family concern was inflation, up from just 5% at this point last year.

    “Now, it is a clear No. 1 issue and we see a clear correlation: As more people are concerned about inflation, Joe Biden’s disapproval rating climbs ever higher,” Enten said.

    Mediaite was first to report on Enten’s remarks.

    Shopper
    Inflation hit 9.1% in June.
    AFP via Getty Images

    As The Post reported, American households are coughing up an extra $500 per month due to surging inflation — with daily necessities such as gas, groceries and rent among the expenses hammering budgets.

    Inflation is also resulting in an effective pay cut for many workers because it is eroding wage gains.

    Biden reiterated that addressing inflation is his “top priority” — though critics have argued he has failed to articulate a coherent strategy to combat the issue.

    CNN analyst
    President Biden’s polling data are the “worst overall” on record, the CNN analyst said.
    CNN
    President Biden
    President Biden said fighting inflation is his top priority.
    REUTERS

    Biden also argued that the June Consumer Price Index was “out of date” since gas prices have fallen from record highs in recent weeks.

    “Energy alone comprised nearly half of the monthly increase in inflation. Today’s data does not reflect the full impact of nearly 30 days of decreases in gas prices, that have reduced the price at the pump by about 40 cents since mid-June,” Biden said.

    “Those savings are providing important breathing room for American families. And, other commodities like wheat have fallen sharply since this report,” he added.

    [ad_2]

    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Maximizing Efficiency: How to Optimize Your Commercial Office Space Layout

    April 17, 2023

    How Digital Marketing Can Help You Reach and Engage with Your Target Audience

    March 28, 2023

    Few Common Issues That Occur While Transporting a Car

    February 3, 2023
    Add A Comment

    Comments are closed.

    Editors Picks
    Recent Posts
    • Maximizing Efficiency: How to Optimize Your Commercial Office Space Layout
    • How Digital Marketing Can Help You Reach and Engage with Your Target Audience
    • Discover the Internet Services Provided by Xfinity
    • Why gambling at online casinos is becoming more popular throughout the globe?
    • Few Common Issues That Occur While Transporting a Car
    Archives
    • April 2023
    • March 2023
    • February 2023
    • December 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • September 2021
    Facebook Twitter Instagram Pinterest Vimeo YouTube
    • Home
    © 2022 - 247 Local Media- All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.