The U.S. economy was supposed to help President Joe Biden and Democrats, but as of late it’s been hurting them with voters
Yet Americans have turned pessimistic about the economy as inflation has persisted. On Tuesday, voters in Virginia rewarded Republican Glenn Youngkin with a win in the governor'sin part based on a belief that he would be better for economic growth. The president could not ignore these realities, yet he said Friday at the White House that the latest numbers show a ruggedly energetic economy.
Beneath this challenge rests a deeper set of questions about how politics and the economy mingle after the pandemic. Do Americans care more about job growth or inflation? Are they skeptical that government spending can permanently improve the economy for the better? Can Democrats expect to be rewarded for their results or are voters indifferent to policy achievements?
Economists across the ideological spectrum noted that the country faces an unusual situation after the coronavirus. The delta variant appears to have hobbled growth late this summer and the rush of money from the government caused consumer and business demand to surge in ways not seen in recent recoveries.
“Inflation is outpacing wage gains and that’s a big problem," said Michael Strain, director of economic policy studies at the center-right American Enterprise Institute. “It feels like the economy has gotten worse.”
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