Recent polls indicate that a majority of Americans are discontent with President Joe Biden’s economic policies. According to Real Clear Politics, over 53% disapprove of his performance, and just 39.2% approve of his handling of the economy. The White House attributes this to the fact that the impacts of “Bidenomics” are only starting to be felt, a statement that has drawn skepticism given the inflation surge and increased energy costs under Biden’s watch. The annual inflation rate, which was at 1.4% in January 2021, peaked at 8.9% and currently stands at 4.0%, double the Federal Reserve’s target. The White House’s reasoning is being criticized as the attempt to deflect responsibility for the economic consequences of the administration’s policies.
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