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The economic situation of the country and the cost of living are emerging as the main concerns of voters. Critics of President Joe Biden have used the situation to tip the balance in his favor in the midterm elections, while the president has concentrated on highlighting the numerous social investment projects that he has promoted during his administration.
Americans will go to the polls on November 8 thinking about the delicate economic situation that the country is going through, or at least that is how a study by the ‘Center For American Political Studies’ (CAPS) highlights it, which reveals that inflation, economy and employment are the three main concerns of citizens, above the issues of abortion or carrying weapons.
These are announcements that come as low blows for President Joe Biden, who has repeatedly tried to contain the scandals of his Administration, and who in recent months has focused on highlighting those projects that prospered in the Legislative.
Thanks to the Inflation Reduction Act, if Big Pharma tries to raise drug prices faster than inflation, they’ll have to write a check to Medicare to cover the difference.
Instead of that money going to drug companies, it’ll go in folks’ pockets in the form of lower drug prices.
— President Biden (@POTUS) October 18, 2022
“Some of the news (from these mid-term elections) are the issues that matter to voters. this time, it’s inflation. Inflation has been 9% year over year, and that’s really on people’s minds…,” said Emily Ekins, vice president and director of polling at the CAPS institute.
However, the figures show the opposite. Inflation in the United States was 8.2% year-on-year and although it was below the previous month, the rate was higher than what the Federal Reserve (FED) estimated.
In addition to this, this week ‘Bloomberg Economics’ also reported that there is a 100% probability that in the next 12 months the United States will fall into an economic recession, while large retailers have cut their investment for the last quarter of the year and Volatile fuel prices affect many Americans.
With AP and Reuters
