Capitol News

When it comes to inflation, six in 10 Americans say President Joe Biden has done a poor job according to a March national survey of likely voters. Biden's Covid-19 relief package passed in March 2021-- a major source of government spending that many economists say have contributed to the country's inflation problem-- was backed by Democratic Michigan senators.

The Senate Opportunity Fund (SOF) released a poll that found six out of 10 Americans believed that President Biden was responsible for the nation's current inflation difficulties.  

When respondents were asked the question: "Thinking about the job that President Biden has done with regard to inflation, how would you describe the job he has done on this issue?", 60% of voters stated Biden's job as president was porous; 35% of voters believed he had done a suitable job and  5% of voters did not have an opinion.  

The SOF poll questioned 800 likely general election voters throughout the country from March 15-17.

According to Trading Economics government data from February, inflation is at 7.9% — a 40-year high and is being spearheaded by gasoline, according to the Gasoline Misery Index, which reported that Americans are now paying $704 more yearly than they did last year. However, according to four researchers at the Federal Reserve Bank of San Francisco (FRBSF), big government spending throughout the coronavirus pandemic was the catalyst for the nation’s inflation as opposed to undeveloped nations.

Òscar Jordà, Celeste Liu, Fernanda Nechio and Fabián Rivera-Reyes said in the economic letter, "Fiscal support measures designed to counteract the severity of the pandemic’s economic effect may have contributed to this divergence by raising inflation about 3 percentage points by the end of 2021."

Michigan Senate democrats led by Debbie Stabenow backed the $1.9 trillion COVID-19 referendum that was passed in March 2021, according to CBS News.