The inflation electorate will hold Biden and Democrats accountable at midterms
Fox News
Inflation is far more pernicious than any tax, and most Americans blame Joe Biden and the Democrats.
Mark J. Penn is the chairman and CEO of Stagwell Inc. and chairman of the Harris Poll.
It haunted us in the 70s, but we banished it until today. It’s far more pernicious than any tax, hitting lower income folks and seniors in their retirement, robbing them of their purchasing power and destroying their savings. It is visible almost everywhere, at the gas stations and the supermarkets. It is no surprise that the midterm elections and possibly even the next presidential election will turn on this one issue.
In 1980, Ronald Reagan won the presidency by convincing people that America could not stand four more years of President Jimmy Carter’s economic policies, though in fairness the problem started in the Nixon and Ford administrations. It would be solved by a combination of higher interest rates and then pro-growth policies that renewed Americans’ faith in their country and in a future for their kids.
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