Republicans plan to put economic issues front and center in the 2022 midterm campaigns by highlighting the soaring price of gasoline and some groceries and blaming Democrats for driving up inflation
President Joe Biden delivers remarks about his proposed Build Back Better social spending bill on Oct. 28. | Chip Somodevilla/Getty ImagesThe U.S. economy is growing at its slowest pace since the recovery began. Faster inflation is likely to linger well into next year. Millions remain unemployed even as small businesses struggle to hire workers.
Government data showed the U.S. economy grew at a weaker-than-expected 2 percent annual rate from July through September, the worst showing in a three-month period since the economic recovery began last year — and one that shows how much the surge in coronavirus cases due to the Delta variant and supply chain disruptions are dragging on growth.
“If inflation is high, food prices are high, wages aren’t able to keep up with costs, the job market’s not coming back as quickly as we would like … it’s not going to be a difficult argument to make,” he said. Biden's $1.75 trillion Build Back Better package, officials say, will help create more jobs and bring more people back into the labor force. And more spending on infrastructure and social programs will not exacerbate inflation because it will be fully paid for and doled out over an extended time frame, according to economists.
The percentage of Americans who have confidence in Biden’s ability to ensure a quick post-pandemic rebound dropped to 44 percent in October from 52 percent in January,poll of suburban voters in battleground states But Republicans are warning that plan could backfire if the additional spending required to fund those programs allows inflation to spiral out of control — or if it’s merely perceived that way.
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