Economics
Inflation Pain Means Biden Gets No Credit for Roaring Economy
- Most Americans happy with own finances, but see economy as bad
- Klain assures lawmakers State of Union will address prices
Customers in line to check out at a grocery store in San Francisco, California, U.S.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Karen Downing, a U.S. Navy retiree living on Virginia’s Eastern Shore, voted for Joe Biden in November 2020 -- expecting the new president to end the Covid-19 crisis and then pivot to tackling broader and long-standing social ills, like alleviating student-loan debt and increasing access to mental-health services.
Downing, 58, says she figured that Biden’s presidency would be “an uphill battle on how to bring the country together, knowing that change takes time.” She was a huge supporter of his sweeping Build Back Better social-spending package, believing it would address entrenched socioeconomic problems.