Passing the Spending Bill Could Doom Biden’s Presidency
One of the strangest ticks of left-leaning punditry over the last year has been the contention that if Democrats in Congress didn’t join together to pass some sort of climate and social spending bill—the various multi-trillion-dollar reconciliation packages that have gone under the label Build Back Better—then President Joe Biden would have presided over a failed presidency. The idea was that without this legislative package, Biden would have no accomplishments, no legacy, and nothing to show for his years in office with congressional majorities. Without the spending bill, Biden and the Democratic Party were doomed.
On the contrary, the evidence suggests that Biden is already presiding over a failed presidency—and passing the spending bill could further cement that failure.
A new poll from Echelon Insights puts Biden’s predicament in rather stark relief. Over half of voters disapprove of the way Biden is handling the economy, foreign policy, and his job as president. Similarly, inflation is among the top concerns for voters right now, and 52 percent of registered voters believe Biden is making inflation worse. The question poll respondents were asked is pretty telling: “Do you think Joe Biden’s policies are making the inflation situation…Worse? Better? Or not making a difference at all?”
The keyword in that query is policies. Voters blame Biden’s policies for current economic turmoil.
And while there is probably, as always, some muddled thinking on the part of some voters about exactly what Biden has done to mismanage the economy, it is not wrong to blame Biden and congressional Democrats for stoking inflation. The first major legislative act that Biden and Democrats in Congress took this year was to pass a deficit-funded $2 trillion coronavirus relief and economic stimulus bill that was much larger than what most economists were calling for, one that some economists—even some long associated with the Democratic Party, like Larry Summers—said would make inflation worse.
And here we are, the better part of a year later. Inflation has indeed accelerated and is likely to continue to accelerate in the near future. Combined with supply chain problems, this is causing Americans economic pain and frustration in their daily lives, pain that is highly visible in
Article from Reason.com