White House Reporter Says Inflation Has Become ‘Biden’s Political Nightmare’ as Critics Slam Government Spending – Economics Bitcoin News

While the latest Bureau of Labor Statistics Consumer Price Index (CPI) report indicates U.S. inflation has continued to print perpetual new highs, U.S. president Joe Biden is losing ground on his climate bill. The Biden administration’s recent budget negotiations and tactics toward dealing with inflation have been criticized by West Virginia’s senator Joe Manchin who thinks specific parts of the climate bill could wait. Amid the political tussle, the U.S. government and Federal Reserve have been accused of massive spending, as bureaucrats continue to fuel weapons contractors, war, and the Fed’s balance sheet has not been reduced.

Political Strategist Says Inflation Knocked the Biden Administration and Democrats Down, but Not Out

U.S. president Joe Biden and his administration have been catching a lot of flak over the most recent CPI report, which detailed consumer prices in June increased at the fastest yearly rate since 1981. In the United States, the cost of oil, gasoline, electricity, food, and cars has continued to rise month after month.

While noting that rising inflation has been an issue for Americans, The Hill opinion contributor, Brad Bannon, believes “inflation has knocked Democrats down — but not out.” In an opinion editorial, Bannon says that Republicans face “political headwinds” that could challenge the party’s prospects.

Despite the knockdown from inflation, Bannon claims that the “continued visibility of Trump,” and the Supreme Court overturning Roe v. Wade may lead to Republicans failing to appeal to voters. “If that wasn’t enough, the ongoing congressional investigation of the failed Jan. 6 Capitol coup keeps Trump in the middle of the media screen when the GOP wants the focus to be fixed on the incumbent president,” Bannon wrote.

Senator Joe Manchin Claims ‘Inflation Is Absolutely Killing Many People’

The Biden administration is also dealing with senator Joe Manchin (D-WV), who explained to a West Virginia radio host on Friday, that he was still “engaged” in Biden’s budget negotiations. Manchin told the radio host that “inflation is absolutely killing many, many people,” and he’s been against specific…