Christian Datoc, White House correspondent for The Washington Examiner
With the midterm elections approaching, President Joe Biden has pledged to tackle skyrocketing prices, but experts suggest that his economic strategy worsened the current inflationary run.
After spending most of 2021 insisting that factors driving prices up across all commercial goods were “transitory,” Biden and top administration officials have spent recent months pushing the president’s big spending plans as a means of lowering costs for the public.
Wages have risen nominally across the president’s first 15 months in office, something the president has claimed could be improved by passing his expansive, costly social safety net proposals, but they have failed to keep pace with rising prices. The latest Consumer Price Index data saw prices jump 8.3% annually in April, compared to just a 0.3% rise in hourly wages.