Biden will criticize Republicans as having no plan on inflation

U.S. President Joe Biden arrives to deliver a speech on expanding high-speed internet access, during a Rose Garden event at the White House in Washington, U.S., May 9, 2022. REUTERS/Kevin Lamarque /File Photo

Join now for FREE unlimited access to Reuters.com

Register

WASHINGTON, May 10 (Reuters) – U.S. President Joe Biden will use a speech on inflation on Tuesday to turn his Democratic party’s main political responsibility ahead of the midterm elections into an argument against Republicans.

As Americans worry about a spike in inflation that has pushed consumer prices up more than 8%, the president will highlight a number of steps his administration has taken to bring prices down.

He is not expected to announce any new policy measures in the speech, which comes a day before new consumer price data shows inflation remained elevated through April.

Join now for FREE unlimited access to Reuters.com

Register

But he is expected to step up his attacks on Republicans six months before the Nov. 8 midterm elections, where Democrats want to retain narrow majorities in the Senate and House of Representatives.

“Republicans love to use inflation as a political talking point, but does anyone have any idea what their plan is to bring prices down?” said a White House official who asked not to be named.

Demand spurred by government spending and savings accumulated during the COVID-19 pandemic has failed to keep up with creaky supply chains and labor shortages, driving up the inflation on a global scale.

This has created a political problem as American consumers face higher grocery and gas bills, exacerbated by measures blocking Russian oil and gas after its invasion of Ukraine, actions Moscow calls ” a special operation.

According to a Reuters/Ipsos poll last week, less than half of American adults – 44% – approve of Biden’s handling of the presidency and see the economy as the country’s most important issue.

Republicans are trying to capitalize on the issue in the medium term, promoting measures such as easing regulations on oil and gas producers as well as cutting some taxes and government spending. But the party has not approved any policy documents outlining the measures it would take against inflation.

Biden has stepped up his attack on Republicans in recent days, including calling former President Donald Trump’s “Make America Great Again” movement extreme. Read more

“Voters know that Republican-led states are leading the way in economic recovery and job creation, and will vote for Republicans and our proven platform in November,” said National Committee spokeswoman Emma Vaughn. republican.

Join now for FREE unlimited access to Reuters.com

Register

Reporting by Trevor Hunnicutt; Editing by Kenneth Maxwell

Our standards: The Thomson Reuters Trust Principles.

About Leah Albert

Check Also

G7 to phase out Russian oil, US sanctions Gazprombank executives over Ukraine war

U.S. President Joe Biden delivers remarks on economic growth, jobs and deficit reduction in the …