Low Marks for Biden as Prices Rise

“A majority of Americans say they don’t blame President Joe Biden for high gasoline prices, but they’re giving his economic leadership low marks amid fears of inflation and deep pessimism about economic conditions,” a new AP-NORC poll finds.

“About 7 in 10 Americans say the nation’s economy is in bad shape, and close to two-thirds disapprove of Biden’s handling of the economy… In addition, Americans are more likely to say his policies have hurt the economy than helped it.”

“Yet less than half say the jump in gas prices is Biden’s fault, a reflection of how the country is processing Russian President Vladimir Putin’s invasion of Ukraine and the resulting increase in oil costs.”

Wall Street Journal: “Nationwide, the Wharton School of the University of Pennsylvania estimates that last year’s inflation required the average household to spend around $3,500 more to achieve the same level of consumption of goods and services as in 2019 or 2020.”