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Inflation fears and politics shape views of Biden economy

Inflation fears and politics shape views of Biden economy

ABC News
Monday, July 26, 2021 05:42:27 PM UTC

A new poll from The Associated Press-NORC Center for Public Affairs Research finds that 54% of Americans judge the economy to be in poor shape

WASHINGTON -- President Joe Biden is banking on the idea of making life more affordable for middle-class families — and that's where the recent bout of inflation poses both a political and an economic risk. The U.S. economy may be poised for the fastest growth since 1984, but many Americans are not feeling all that confident about the economy, according to a new poll from The Associated Press-NORC Center for Public Affairs Research. Republican lawmakers have attacked the Biden administration over inflation as the country reopened from the coronavirus pandemic, and feelings about the economy are settling along partisan lines. Fewer than half, 45%, judge the economy to be in good shape, while 54% say it’s in poor shape. Views are similar to what they were in AP-NORC polls in June and in March, despite increases in vaccinations and the flow of aid from Biden's $1.9 trillion coronavirus relief package. The results suggest that Americans not only filter their thoughts about the economy through their politics but also see uncertainty as the country is still 6.8 million jobs below pre-pandemic levels. John Novak, a 52-year-old school maintenance worker from Hudson, Wisconsin, is tired of seeing higher gasoline prices and six-month waits to buy a refrigerator. He blames the size of the aid package.
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