Prices Heading Up, Biden Must Take Heed.
Inflation is increasing due to a variety of different factors and it could imperil the Biden Presidency. (NY Times)
“An inflation surge is presenting a fresh challenge for Mr. Biden, who for months insisted that rising prices were a temporary hangover from the pandemic recession and would quickly recede. Instead, the president and his aides are now bracing for high inflation to persist into next year, with Americans continuing to see faster — and sustained — increases in prices for food, gasoline and other consumer goods than at any point this century.
That reality has complicated Mr. Biden’s push for sweeping legislation to boost workers, expand access to education and fight poverty and climate change. And it is dragging on the president’s approval ratings, which could threaten Democrats’ already tenuous hold on Congress in the 2022 midterm elections.”
Inflation can be so challenging to try and reverse but the efforts to do so pay off in the long run. Increasing prices instantly lead to the poor being poorer which can upend politics and cause tremendous harm to nations in the long term. President Biden needs to put all hands on deck to try and reverse or stem the tide of inflation or his whole agenda could be imperil.
