As Americans struggle to absorb skyrocketing consumer prices, Republicans appear to be in a prime position to regain control of Congress following the upcoming midterm elections.
A new survey by Rasmussen Reports found that nearly 6 in 10 respondents believe that Democrats are primarily responsible for bringing about a sagging economy and runaway inflation.
Specifically, pollsters asked whether voters agree with Senate Minority Leader Mitch McConnell (R-KY), who recently asserted: “Democrats inherited an economy that was primed for a historic comeback and promptly ran it straight into the ground.”
In addition to the 59% of respondents who sided with McConnell’s statement, more than 9 in 10 likely voters said that the economy is one of the most important factors that will influence the way they vote in November.
Pollsters also determined that a clear majority of respondents across all racial lines “believe the U.S. economy is currently in a recession” and “say that economic issues will be very important in this year’s congressional elections.”
The Biden administration clearly understands that economic concerns will be a problem for Democrats in the upcoming midterms. Instead of reversing policies that have arguably exacerbated the inflation problem, however, administration officials are choosing to redefine what it means to enter a recession.
Despite a recent report showing that the nation’s gross domestic product has contracted for two consecutive quarters, which has long been considered the common definition of a recession, Treasury Secretary Janet Yellen flatly denied any such forecast.
“This is not an economy that’s in recession,” she declared during a recent NBC News interview.
"This isn’t an economy that’s in recession." – Treasury Secretary Janet Yellen, July 24, 2022
"We're not going to be in a recession." President Joe Biden, July 25, 2022
"I do not think the US is currently in a recession." – Fed Chairman Jerome Powell, July 27, 2022 pic.twitter.com/VN7tXsWrI6
— Charlie Bilello (@charliebilello) August 2, 2022
Instead of getting a grip on spending to address the root causes of inflation, the White House is reportedly floating the idea of sending out stimulus checks to Americans. While this might provide some short-term relief to consumers, George Washington University economics professor Tara Sinclair explained what would happen in the long term.
“If we stimulated the economy even further, that wouldn’t get us more economic growth, that would instead, very likely, just get us even more inflation,” she said.
Voters seem to understand that the Biden administration and Democrats on Capitol Hill are not acting in the best interest of citizens and the nation’s economy. As a result, the president’s approval rating continues to crater, reaching a new low of 31% in a recent Fox News poll.
As former Fox News host Megyn Kelly explained, the survey found that fewer than 2 in 10 Hispanic voters now support Biden.
“The Democrats used to run roughshod when it came to the Hipanic vote,” she said. “Now he has only a 19% approval.”