Obama adviser tells New York Times that Democrats are likely doomed by inflation: 'Nothing can change'

Speaking with the newspaper, 제이슨 퍼먼, who currently works as an economist at Harvard University, said that inflation is avery negative thing” 민주당원을 위해, politically speaking.

My guess is that the negative views about inflation are so deeply baked in that nothing can change in the next few months to change them,” 그는 덧붙였다.

그 동안에, Dean Baker, senior economist at the Center for Economic and Policy Research, warned that that midterm election campaign ads harping on inflation could actually see the country talk itself into a recession.

맥코넬: WHITE HOUSE ‘DEFENDING THE INDEFENSIBLEAS INFLATION SOARS TO 1981 FIGURES

People shop in a supermarket as rising inflation affects consumer prices in Los Angeles, 캘리포니아, 우리., 유월 13, 2022.

People shop in a supermarket as rising inflation affects consumer prices in Los Angeles, 캘리포니아, 우리., 유월 13, 2022. (REUTERS/Lucy Nicholson)

The concern that I have is that you get inflationary expectations embedded in the economy and that leads to the wage-price spiral that we saw in the 70s. It becomes self-perpetuating,” 베이커가 말했다.

빵 굽는 사람, along with other economists, expressed concern that a tense political battle over the topic may increase the difficulty of the central bank’s plan to cool off the economy without triggering a recession. Such a task becomes more cumbersome with higher consumer prices, spurred higher by political rhetoric.

상관없이, prices are still continuing to trend upwards, with data released Wednesday showing a 9.1% inflation rate over the past year, hitting a new 40-year record.

This data came after a recent a New York Times/Siena College poll, which saw the president sitting at a 33% 승인 등급. The poll showed that 64% of Democrats would prefer a new nominee in 2024.

WHITE HOUSE ECONOMIC ADVISER: BIDEN FOCUSING ON ‘CLEAN ENERGY AGENDA’ BECAUSE OF INFLATION

조 바이든 미국 대통령, next to Annie Tomasini, 감독, Oval Office Operations (아르 자형), speaks to reporters during the White House Congressional Picnic on July 12, 2022 워싱턴, DC.

조 바이든 미국 대통령, next to Annie Tomasini, 감독, Oval Office Operations (아르 자형), speaks to reporters during the White House Congressional Picnic on July 12, 2022 워싱턴, DC. (Nicholas Kamm)

더욱이, the poll also concluded only 13% of American voters believe the country is on the right track, with many signaling jobs and the economy was the most important issue facing America. Inflation and the cost of living sat not too far behind on the list.

The Biden administration has attempted to deflect blame for inflation onto a variety of targets, oftentimes blaming the impact of the COVID-19 pandemic and Vladimir Putin’s war in Ukraine.

일요일에, Biden found a new subject to harp on as the cause of inflation, the Republican Party.

Republicans are doing nothing but obstructing our efforts to crack down on gas-price gouging, lower food prices, lower healthcare costs, and hopefully, 곧, lower your prescription drug costs,” Biden tweeted.

This is not right. And that’s why this election is going to be so darn important.

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