US EditionThe 'Eerily Similar' Ways How Trump and Biden Tried to Ease Anger About the High Cost of Living
Both presidents used similar tactics such as tax cuts, tariffs, and rebates to ease voter concerns despite ongoing inflation and affordability challenges, with 67% disapproving of Trump's economic handling.
- Earlier this year, analysts at the American Enterprise Institute said President Donald Trump and President Joe Biden downplayed inflation, pointed to other positive indicators and issued government checks, giving voters a sense of déjà vu.
- After the pandemic rebound, inflation followed shortages and port backlogs while the Russian invasion of Ukraine and pandemic spending pushed prices to a four-decade high by June 2022, prompting the Federal Reserve to raise rates.
- Both presidents used policies like Trump’s $2,000 rebate, proposed stretch of the 30-year mortgage, and Friday’s removal of tariffs on food and fertilizers.
- Voters in this month's elections swung toward Democrats over affordability, while 67% of U.S. adults disapprove of President Donald Trump's performance, and he floated half-formed ideas amid weak polling.
- Economists caution that such measures are `gimmicky,' Bharat Ramamurti said, while analysts warn Federal Reserve rate cuts could fuel inflation above its 2% target and consumer sentiment may lag, Ryan Cummings found.
62 Articles
62 Articles
Why Trump and Biden turned to similar strategies to soothe cost-of-living concerns
Trump’s struggle to contain inflation mirrors Biden’s early challenges with voters losing patience, economic pressures mounting and bipartisan criticisms framing tariff-driven price rises and policy missteps.
The U.S. president assures that persistent inflation is "a scam of the Democrats" while advancing measures to support consumption with uncertain financing.
While US President Donald Trump is seeking to regain control of the economic narrative, recent polls reveal a changing political and economic reality that puts him in the same position as his predecessor, Joe Biden, when he was held responsible for the high cost of living and the difficulty of adjusting to inflation. Despite his repeated attempts to reassure voters, the indicators of popular economy and the American mood show a sharp decline in …
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