A recent poll could spell serious trouble for Biden and the Democrats, as an overwhelming majority of voters said they are worried about the rising cost of living, inflation, and possible tax increases.

The poll taken by the conservative group American Action Network showed that at least three-fourths of voters are worried about each of these major economic issues, as well as rapidly rising gas prices.

With a super-slim majority heading into 2022, Democrats could be feeling the pinch of, “It’s the economy, stupid,” much sooner than they think.

For their part, Republicans are already hoping to put the spotlight on rising inflation due to Biden’s economic policies.

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Results Of The Poll

The poll surveyed about 1,000 people in 51 battleground House districts.

Of those surveyed, 88% said they were worried about the rising cost of living. Another 86% said they were worried about inflation, and 79% were concerned about rising gas prices.

A Fox News poll taken at approximately the same time period shows similar results as the American Action Network poll. In that poll, 83% said they were concerned about inflation, and 77% were worried about tax increases. 

The Fox poll also showed that 74% of those surveyed in that poll were concerned about the continued unemployment rate, 69% were concerned about the federal deficit, and 65% were concerned about interest rates.

In an interesting twist, both Republicans and Democrats had high levels of worry about inflation, unemployment, and taxes. 

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More Disturbing Numbers

According to a report in the Washington Times, the Consumer Price Index increased o.9%, after an increase of 0.6% in May. “Over the last 12 months, the all items index increased 5.4 percent before seasonal adjustment; this was the largest 12-month increase since a 5.4-percent increase for the period ending August 2008.”

The Washington Times likens this to “a tax that increases every month, eating up more and more precious disposable income.”

While ‘expert’ economists bandied about in the mainstream media are often reportedly “surprised” by numbers like this, it should come as no surprise when the government is printing, borrowing, and spending unprecedented trillions of dollars.

In the seven months since Joe Biden became president, between the American Rescue Plan, American Jobs Plan, and The American Families Plan, he has proposed a grand total of $6.4 trillion in new spending.

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What Does It Mean For 2022

Traditionally, the party out of power in the White House sees gains in the midterm elections. But if Republicans can place blame for the bad economy on Joe Biden, election night may be better than expected.

In fact, in a report from The Hill says that the GOP is optimistic that current economic issues will have some power to attract new voters, or some that might not normally vote Republican.

Republican donor Dan Eberhart says, “I think it’s a great opportunity for Republicans to try to turn some soft Democrats red. People are going to vote [with] their pocketbook and the economy, and their pocketbook is a lot closer to them than the economy in general.”

He continued, “This is a great opportunity to turn an issue that is easily understandable to young voters that are having to pay for bills and this is going to be a great opportunity for Republicans to turn them potentially into Republican voters this cycle.”

As visions of Jimmy Carter’s economy nip at the heels of Joe Biden, there is a lot of time before 2022 for Republicans to portray Biden as the heir apparent to the Carter economic tradition.

 

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