[Barrera]

> ... Given the sorry state of Mr Biden’s approval ratings—by some measures, the worst at this point of a first term of any president since the 1950s—and woeful perceptions of the economy, it is unlikely that the tentative steps that Democrats are taking back towards the median voter will be enough to avert the serious electoral losses that they are facing. It is only after a serious drubbing that the descent from peak progressive will gain speed. Better it be in 2022 than in 2024.

In this entire article, just one mention of the word "inflation."

In 1992 Democratic strategist James Carville coined the expression "It's the economy, stupid." He was talking about then-incumbent George HW Bush's inability to do anything substantive to relieve the economic pain the country was going through.

https://en.wikipedia.org/wiki/It%27s_the_economy,_stupid

Looks like Dems will be on the receiving end of "It's the economy, stupid" this time.

[voisin]

I am not sure what Biden could have done to fix the economy based on what he inherited. Interest rates should have risen a long time prior to his inauguration. The costly War on Terror should have ended with Bush’s presidency. Trump shouldn’t have moved so aggressively to alienate trading partners and exit free trade agreements.

[frumper]

He asked the American people to vote for him knowing he was walking into a mess. I don’t think these problems are his fault and he had been hampered by both parties in implementing any of his plans to fix it. At the end of the day though, how is giving him 4 more years a good idea? He’s ineffective. He should let another Democrat run so they can at least claim they have the right plan to fix things.

[kcplate]

This is always the line I hear when a democrat is in office and the economy is bad, to the point where I simply don’t buy it anymore.

He could have started by at least acknowledging inflation was a thing and started working to combat it. They spent a year BS’ing the country about it and ignoring until they just couldn’t anymore because everyone whole works for a living was seeing it first hand.

[perfecthjrjth]

Indeed! Under Obama's second term, Janet Yellen did not want to raise interest rates to help Obama. However, during Trump's term, she wanted to raise interest rates, an event which Trump did not like; that's why Trump replaced her with Powell.