Americans fear rising costs will worsen if Democrats retain control of Congress after the midterm election, an Axios-Ipsos poll found over the weekend. Experts project inflation will cost American families $5,520 in 2022. Since the Democrats assumed control of the legislative and executive branches of government, Americans have lost $4,200 in annual income, a recent Heritage Foundation study shows. Sixty-one percent of general
Americans Fear Inflation Will Worsen if Democrats Control Congress After ElectionÂ
November 8, 2022 by
Nevada Trump Rally: Joe Lombardo, Adam Laxalt Hammer Democrat Opponents Over Skyrocketing Inflation
November 6, 2022 by
Nevada Republican gubernatorial candidate Joe Lombardo and U.S. Senate candidate Adam Laxalt slammed their Democrat opponents for the stateâs nearly 16 percent inflation while speaking to an energized crowd during a Trump rally in Minden, Nevada, on Saturday evening. âIf we do not finish this red wave off in 2src22, weâre just going to be California,â
Inflation Surges Higher in Importance for Black and Hispanic Americans
November 6, 2022 by
Inflation is increasingly important to a broadening super-majority of Americans even as the Federal Reserveâs efforts to slow down price hikes have driven up interest rates at the fastest pace in decades. Seventy-four percent of American adults rate the inflation issue as âvery important,â according to a recent poll from the Economist and YouGov. The poll
Fmr. Obama Treasury Counselor Rattner: Powell Got Inflation Wrong Because WH Was Wrong and He’s ‘a Team Player’
November 4, 2022 by
On Thursdayâs broadcast of MSNBCâs âMorning Joe,â Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, argued that Federal Reserve Chairman Jerome Powell got inflation wrong in part because âthe White House was signaling that they thought inflation was going to come down.â And Powell âis a team playerâ who was
Fmr. Obama Treasury Counselor Rattner: We’ll Have ‘Higher Rates for the Foreseeable Future,’ Inflation Isn’t Declining Due to Stimulus
November 4, 2022 by
On Thursdayâs broadcast of MSNBCâs âMorning Joe,â Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, predicted higher interest rates âfor the foreseeable future,â and said that inflation isnât declining in part due to people still spending the large amounts of stimulus they got during the pandemic. Rattner also stated that
Cortez Masto on Claims Dem Policies Caused Inflation: Inflation Reduction Act ‘a Great First Start’ to Fighting Inflation
November 2, 2022 by
During a portion of an interview with CBS News Correspondent Lilia Luciano released on Thursday, Sen. Catherine Cortez Masto (D-NV) responded to a question on how she responds to criticism from her opponent, former Nevada Attorney General Adam Laxalt (R), that Democratic policies have created inflation by stating that âthe Inflation Reduction Act was a great…
Dem Rep. Lawrence: Inflation Is ‘the Sole Issue’ Republicans Can Talk about –
November 2, 2022 by
On Saturdayâs broadcast of MSNBCâs âVelshi,â Rep. Brenda Lawrence (D-MI) stated that inflation is âimportantâ but itâs âinteresting, with everything else thatâs going on in the world, that is the sole issue that the Republicansâ can talk about. Lawrence stated that there are âother countries that are going through a global epidemic when it comes…
Democrat Patty Murray Champions ‘Inflation Reduction’ Act as Economists Say Spending Worsened Inflation
November 2, 2022 by
Sen. Patty Murray (D-WA) touted her support for the so-called âInflation Reductionâ Act at Sunday eveningâs Senate debate with her opponent, Republican Tiffany Smiley, who is putting her through a tough reelection campaign. Smiley said Murrayâs support âsounds like a Washington, DC, answer to me,â telling the 30-year incumbent, âyou are Washington, DC.â âSen. Murray…
Poll: Half of Voters Say Economy, Inflation Top Issue Going into Midterms
November 1, 2022 by
Half of U.S. voters say the economy or inflation is their number one issue heading into the November 8 midterm elections, according to a recent ABC/Ipsos poll. The poll shows that 28 percent of registered voters say the economy is their single most important issue for determining their ballot, while 22 percent say inflation is.…
Kraft Heinz CEO: Inflation and Supply Shortages Here to Stay for a While
October 26, 2022 by
Kraft Heinz CEO Miguel Patricio said Monday he does not see higher inflation and supply chain issues ending in the near future. âWeâve already increased the prices that we were expecting this year, but Iâm predicting that next year, inflation will continue, and as a consequence [we] will have other rounds of price increases,â Patricio…
Economists: Inflation Canât Be Reined In Without Tanking The Economy
October 19, 2022 by
Nearly three quarters of business economists believe that the Federal Reserve will not be able to bring inflation back to its target of 2% in the next two years without inducing a recession, according to a poll by the National Association for Business Economics (NABE) released Monday.Roughly 19% of respondents believed that the U.S. was…
Hageman: Cheney Lost Due to Obsessive Focus on Trump When Voters Cared about Inflation, Energy, Illegal ImmigrationÂ
October 4, 2022 by
On Tuesdayâs broadcast of the Fox News Channelâs âIngraham Angle,â Wyoming Congressional candidate Harriet Hageman (R) stated that her opponent Rep. Liz Cheney (R-WY) lost in large part because âSheâs not focusing on Wyoming. Sheâs not focusing on our issues. Sheâs still focusing on an obsession [with] President Trump.â And that inflation, illegal immigration, and energy…
Jamie Raskin Dodges Question on How ‘Inflation Reduction’ Act Reduces Inflation
October 3, 2022 by
Rep. Jamie Raskin (D-MD) dodged a question recently on how the Inflation Reduction Act would reduce inflation, as multiple studies have found that it would do little to nothing to reduce inflation. One reporter asked Raskin, âWhat parts of the bill do you think will put to work on [lowering inflation] specifically?â “What parts of…
Dem Rep. Titus on CBO Estimates Inflation Act Won’t Impact Inflation Much in Next Year: ‘Inflation Is Already Coming Down’Â
September 29, 2022 by
On Saturdayâs âCNN Newsroom,â Rep. Dina Titus (D-NV) responded to an estimate by the Congressional Budget Office (CBO) that the Inflation Reduction Act wonât have much of an impact on inflation this year or next year by saying that many economists say âinflation is already coming down. Gas prices are coming down. So, I believe…
Worries About Big Ticket Item Inflation Hit Worse Level Since 1982
June 12, 2021 by
The last time Americans were this unhappy about prices of big-ticket purchases was 1982, when the Federal Reserve was fighting a war against double-digit inflation. The University of Michiganâs survey of consumer sentiment showed U.S. consumers more concerned with higher prices of appliances, houses, and cars than anytime in 39 years, according to the surveyâs…
Biden Budget Proposes $6 Trillion Annual Spending as Inflation Soars to 29-Year High
May 30, 2021 by
President Joe Biden released his budget Friday, proposing $6.01 trillion in annual spending even as the economy is going through record inflation. The Commerce Department reported Friday that core personal consumption expenditures hit a 3.1 percent annual gain in April â the highest since May 1992. The plan calls for a 36.6 percent increase in…
Populist Uprisings and the Inversion of Inflation
December 10, 2020 by
Today’s populism echoes that of the 1890’s, but changes to the economy have muddied the waters.Hotly contested elections are nothing new in this country, nor are elections fought around themes of populism. These battles have been fought as far back as the first iteration of American populism with James Weaver and his protĂ©gĂ© William Jennings…