President Joe Biden delivers remarks about his proposed Build Back Better social spending bill on Oct. 28. | Chip Somodevilla/Getty ImagesThe U.S. economy is growing at its slowest pace since the recovery began. Faster inflation is likely to linger well into next year. Millions remain unemployed even as small businesses struggle to hire workers.
Government data showed the U.S. economy grew at a weaker-than-expected 2 percent annual rate from July through September, the worst showing in a three-month period since the economic recovery began last year — and one that shows how much the surge in coronavirus cases due to the Delta variant and supply chain disruptions are dragging on growth.
“If inflation is high, food prices are high, wages aren’t able to keep up with costs, the job market’s not coming back as quickly as we would like … it’s not going to be a difficult argument to make,” he said. Biden's $1.75 trillion Build Back Better package, officials say, will help create more jobs and bring more people back into the labor force. And more spending on infrastructure and social programs will not exacerbate inflation because it will be fully paid for and doled out over an extended time frame, according to economists.
The percentage of Americans who have confidence in Biden’s ability to ensure a quick post-pandemic rebound dropped to 44 percent in October from 52 percent in January,poll of suburban voters in battleground states But Republicans are warning that plan could backfire if the additional spending required to fund those programs allows inflation to spiral out of control — or if it’s merely perceived that way.
People want a living wage! Is that so hard to understand?
Wow what a bummer
This is a very bad for our country. Hopefully this means that the Republicans will get the Senate and the house and put a stop to all of this horribleness that is going on and can save our Republic from being destroyed.
And real wages are rising fast. The revolution happens from the bottom up.
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Since the second war
Because Joe Biden economic plan has being delayed. His agenda must be approved.
Uh, false Inflation already down as well Desperate times at Spewlitico
Who’s the President now? Of course he’s the person to blame for the present situation as well as who holds majority in Congress- Democrats.
Republicans have No clue on how to help struggling Americans....but they are exceptional at thinking of new ways to enrich themselves and their donors. Oligarchy vs. Corporatocracy? Potato vs. potato? Insider trading, hate & fear mongering.... racism and malarkey.
FuKKK republicans, Sinema, and Manchin
Couldn’t you title this “Republicans obstruct pandemic recovery over vaccine lies, and GDP slows”? What’s wrong with you guys?
Politico is funded heavily by Russian interests.
I am so tired of this fake journalism.
Why isn't the headline: Republicans refuse to help; instead they blame the problems on those they are blocking. Problems need solutions to be solved. Frame it how it is.
I’m ready to see again the weekly GOP “infrastructure weeks” to save the nation. Can you name any initiative where GOP has introduced a project for the nation and not just for millionaires and oligarchs. Do journalism and Stop the propaganda!
Politico is one of the worst media outlets since they were acquired by the right wing German investor.
And your forgetting Biden is giving speeches on how well he is doing.
Dudes. Focus on the positive.
🤷♀️who benefits from a prolonged pandemic?
Of course they will attack because they want to deflect from how much they have been causing the problems as well (but of course they won't have any solutions, because the GOP is all about making you afraid of things, not fixing them).
the Party of No would do nothing legislatively to help middle and lower income people - they only help wealthy and corps
Biden is a disaster for economic growth…also for inflation, Afghanistan, open border, education, COVID.
Politico signaling they have marching orders to topple democrats for sport.
Lol Republicans caused it tho. Still are.
Politico with the GOP talking points again.
Just the same. Biden isn't a SOCIOPATH and that's a step in the right direction.
Plenty of criticism, zero solutions…
GOPisQANON GOPisExtremistOrganization GOPisTerroristOrganization Sad.
Which is fucking nuts, because the GOP are, at best, not helping, and at worst, making the situation more dire.
Why wouldn’t Democrats be equally upset? Everything was right there for Biden He could not have messed this up any worse. It is as if he tried
Republicans: Put us back in charge so we can fuck everything up again and then complain when the Democrats don't fix it fast enough.
It is very difficult for the GOP to succeed in blaming Biden’s administrators for any economical imbalance because his predecessor created the economical Tsunami both national and international.
As they should. It began on Biden's first day in office with a stack of executive orders that destroyed 1000's of US jobs and US energy independence. It's been all downhill since.
The economy is kicking ass on every metric. But sure, let’s forget the last 18 months of COVID and it being shut down
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Republicans are getting ready to pounce.
Republicans are great at making messes and then blaming Democrats for not cleaning it up fast enough. Wash. Rinse. Repeat. It’s all really boring, actually.
2022 another step toward fascism and the return of the dark ages..wow cant wait the prequel is great..
The Democrats will run on truth and honesty and not on lies and deceit
Adjusted for inflation, W oversaw far higher gas prices.
Fascists don't fight climate change, they exploit the suppressed fear of change and the anger of price increases resulting from soil degradation, draught, and heavy rainfalls or vagaries of the markets.
They need to own up to the disaster of whiney baby's bogus trade wars that did nothing but drive up prices. Also look at Texas and the unprepared for winter power grid. I could go on, but start there.