Rampell: Inflation Is Not Biden’s Fault, There’s Very Little He Can Do About It

Dean And a new ░░░░░░░░ Marist survey finds Americans ░░░░░░░░ of Biden s job ░░░░░░░░ overall mirrors how they ░░░░░░░░ his handling of the ░░░░░░░░ And as you just ░░░░░░░░ about inflation is at ░░░░░░░░ top of mind for ░░░░░░░░ When people were asked ░░░░░░░░ their top economic concerns ░░░░░░░░ take a look inflation ░░░░░░░░ top spot there at ░░░░░░░░ it was followed by ░░░░░░░░ labor shortages unemployment there ░░░░░░░░ the bottom Does President ░░░░░░░░ deserve the blame for ░░░░░░░░ Catherine Should he be ░░░░░░░░ his approval rating be ░░░░░░░░ to this Are these ░░░░░░░░ under his control RAMPELL ░░░░░░░░ I will say the ░░░░░░░░ that I always say ░░░░░░░░ asked about whether presidents ░░░░░░░░ properly credited for economic ░░░░░░░░ Presidents get too much ░░░░░░░░ when the economy is ░░░░░░░░ and too much blame ░░░░░░░░ the economy is bad ░░░░░░░░ too much blame for ░░░░░░░░ of the economy are ░░░░░░░░ or parts of the ░░░░░░░░ that are good And ░░░░░░░░ s the situation right ░░░░░░░░ Inflation is up not ░░░░░░░░ of any particular thing ░░░░░░░░ the President did It ░░░░░░░░ because there are all ░░░░░░░░ these supply chain disruptions ░░░░░░░░ the world caused by ░░░░░░░░ pandemic Demand is up ░░░░░░░░ is partly driven by ░░░░░░░░ fiscal policy decisions that ░░░░░░░░ and this president and ░░░░░░░░ previous president made giving ░░░░░░░░ more stimulus checks and ░░░░░░░░ like that But it ░░░░░░░░ also that people had ░░░░░░░░ lot of savings from ░░░░░░░░ year They have money ░░░░░░░░ the bank That money ░░░░░░░░ burning a hole in ░░░░░░░░ pocket so to speak ░░░░░░░░ want to spend it ░░░░░░░░ they are trying to ░░░░░░░░ more stuff even than ░░░░░░░░ were pre pandemic they ░░░░░░░░ shifting more of their ░░░░░░░░ to goods at the ░░░░░░░░ time that goods are ░░░░░░░░ to get through the ░░░░░░░░ chain All of that ░░░░░░░░ driving inflation up And ░░░░░░░░ is happening worldwide to ░░░░░░░░ extent It s not ░░░░░░░░ s fault And to ░░░░░░░░ same idea Biden has ░░░░░░░░ little that he can ░░░░░░░░ about it He can ░░░░░░░░ of change some things ░░░░░░░░ the margins You know ░░░░░░░░ s made efforts to ░░░░░░░░ ports operating at longer ░░░░░░░░ for example I think ░░░░░░░░ he could be doing ░░░░░░░░ on expediting work permits ░░░░░░░░ legal immigrants things like ░░░░░░░░ which the administration has ░░░░░░░░ done But even all ░░░░░░░░ those things put together ░░░░░░░░ won t make a ░░░░░░░░ dent What we need ░░░░░░░░ see happen is we ░░░░░░░░ to see the pandemic ░░░░░░░░ in the rear view ░░░░░░░░ and have things normalized ░░░░░░░░ have supply chains normalized ░░░░░░░░ that when people want ░░░░░░░░ buy stuff from around ░░░░░░░░ world it gets to ░░░░░░░░ more easily more quickly ░░░░░░░░ more cheaply.”