Published 2 hours ago
Inflation trumps job creation: Why Biden can't catch a break on the economy
President spotlights ‘historic surge’ in job creation, but skyrocketing gas prices on voters’ minds
By Paul Steinhauser FOXBusiness
The number of Americans filing jobless claims this week plunged to their lowest levels in more than half a century.
The latest report from the Labor Department is the most recent indicator to spotlight the historic surge in job creation as the nation’s economy rebounds after getting flattened by the coronavirus pandemic.
"Americans are getting back to work at a historic pace," President Biden touted as he took credit for the latest figures. "This historic progress is no accident: it’s the result of an economic strategy to grow the economy from the bottom up and middle out."
https://twitter.com/JoeBiden/status/1507143475262853122But with inflation soaring and gas prices at historic highs, Americans don’t see it that way.
An overwhelming majority say rising gas prices are a problem for their family, over half of voters think inflation is "not at all" under control, and views on the economy remain decidedly negative, according to a new national poll from Fox News.
The survey, conducted March 18-21 and released on Thursday, also indicates that more than two-thirds have had to cut back on spending to make ends meet, as a growing number say they are falling behind financially.
And the poll spotlights that the president’s taking the blame.
more
https://www.foxbusiness.com/politics/inflation-job-creation-biden-economy-troubles
