Even if Democrats had an actual positive record to talk about, it’s pretty much too late, what with early voting having started in quite a few states and election day less than 20 days away
With the midterms looming, soaring inflation is bringing down voters’ moods — and potentially tipping them towards Republicans. Speaker Nancy Pelosi seems well aware of that.
Polling consistently shows that the economy and inflation are top of mind as Democrats and Republicans duke it out for the House and Senate. Right now, Democrats are barely clinging to razor-thin majorities in both chambers, and economic concerns could push voters to the right.
In an interview with Punchbowl News, Pelosi — who’s previously expressed confidence that Democrats will pick up seats in the House — said Democrats need to make their message on inflation better.
“Inflation’s an issue, but it’s global,” Pelosi told Punchbowl. She asked what Republicans’ plan to address it is: “They ain’t got nothing.”
Of course, nowhere in that interview did Pelosi offer any ideas or explain what the Democrats have done to address inflation. She did yammer about turning out the vote, because that’s all they have
She noted that inflation tends to go up when unemployment comes down, and that’s certainly been the case in the Biden administration’s pandemic recovery efforts. In September, unemployment fell even lower than economists had anticipated, as the country added a robust 263,000 payrolls. Ironically, that’s bad news for the broader economy, since it means the Federal Reserve may have to step in even more to try and bring inflation down.
Employment, huh?
Inflation is pushing half of Americans to consider second jobs
Stubbornly high inflation is pushing more than half of American workers to consider taking a second job, according to a new study from technology company Qualtrics.
The survey of more than 1,000 adults with full-time jobs found that 38% have looked for a second job, while another 14% plan to do so, the company said. That means “more than half of working Americans have considered holding multiple jobs to pay for their living expenses,” the company said in a statement.
Of course, elites like Pelosi, who make money off high inflation, do not have these worries.
Inflation is causing American households to spend $445 more per month buying the same items they did a year ago, according to an estimate from Moody’s Analytics.
Consumer prices jumped by 8.2% in September versus the same month in 2021, the U.S. Bureau of Labor Statistics said Thursday. That rate is down from 9.1% in June, which marked the recent peak, but is still near the highest levels since the early 1980s.
Wages for many workers haven’t kept pace with inflation, meaning they’ve lost purchasing power. Hourly earnings fell 3%, on average, in the year to September after accounting for inflation, according to the bureau.
None of the ideas they offer are things elites like Nancy have to engage in, especially when government pays for her travel.
Read: Pelosi Says Democrats Need To Get Better At Talking About Inflation Or Something »
With the midterms looming, soaring inflation is bringing down voters’ moods — and potentially tipping them towards Republicans. Speaker Nancy Pelosi seems well aware of that.
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