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Rising prices take a toll1 on Democrats3. How has Biden responded to inflation?
Inflation upended President Biden's domestic agenda and is a top issue for voters heading into the midterms. We track how the White House changed its approach, and how voters have responded.
STEVE INSKEEP, HOST:
Days before the election, Democrats are addressing an issue that has endangered their majorities in Congress. We've heard it the last two mornings from voters on this program.
(SOUNDBITE OF ARCHIVED NPR BROADCAST)
MARK ONDRUSEK: My labor5 is up 30, 40% versus6 four years ago. The cost of everything - utilities, electric, gas - every vendor's tacking7 on fuel charges onto the bills.
(SOUNDBITE OF ARCHIVED NPR BROADCAST)
MARGARET BUSH: I'll take example - a bucket of chitlins used to be 8.99. OK? Nobody eats chitlins but Black people.
UNIDENTIFIED PERSON #1: Yeah.
UNIDENTIFIED PERSON #2: That's true.
BUSH: OK? Now they're 24.99, the same bucket that was 8.99 two years ago.
INSKEEP: Democrats might prefer that voters focused on something else, but here we are. So today President Biden is expected to give a speech arguing that Republican policies would make inflation worse. NPR White House correspondent Asma Khalid has been following the White House approach to inflation over time. Good morning.
ASMA KHALID, BYLINE8: Good morning, Steve.
INSKEEP: What are you hearing from voters?
KHALID: Well, a lot of voters I meet - Republicans and Democrats - agree they are frustrated9 with rising prices, but they differ on who is to blame. The key question I have been trying to answer as a political reporter is how, if at all, people's inflation frustrations10 actually translate to votes. And so, Steve, I went to an early voting site in Georgia. It's about an hour's drive north of Atlanta. That's where I met Somesh and Mousumi Karanjee. They're feeling inflation on everything from bread and eggs to home renovations. But they voted to keep their Democratic senator in Congress.
SOMESH KARANJEE: The economy, I don't think, has direct relationship with politics. It's - if economy is bad here, it's globally bad. And the previous two years has been a very important factor. The COVID situation, supply chain situation - I don't think politics has anything to do with it.
MOUSUMI KARANJEE: I mean, economy is always - like, it has its ups and downs.
INSKEEP: And so they voted for the Democrat2 in their election. But what do you hear from Republican voters?
KHALID: So a little while later, I met Velvet11 and Darryl Sheets. They told me their No. 1 concern is inflation, and they voted for Republicans up and down the ballot12.
VELVET SHEETS: We never run out of milk, right? We always keep milk in the refrigerator. And it just seems like it just keeps getting higher and higher and higher. Eggs - same thing.
DARRYL SHEETS: Our 401(k)s are down by 25 to 35%. There's, you know, one party controlling what's going on politically. You have to assign that somebody.
KHALID: And so they assign that blame to the Democrats.
INSKEEP: So how has the White House been responding over time?
KHALID: You know, Steve, it has been a challenge. But I want to take you back in time to Biden's first week in the Oval Office. He was worried about COVID, hunger, evictions and unemployment.
(SOUNDBITE OF ARCHIVED RECORDING)
PRESIDENT JOE BIDEN: Yesterday, we learned that 900,000 more Americans filed for unemployment.
KHALID: So Democrats came in proposing this massive pandemic aid package, nearly $2 trillion. And this set off some alarm bells about inflation. Larry Summers, an economist13 who had worked in the Obama administration, took to the pages of The Washington Post and warned it was too much money. The president dismissed those concerns.
(SOUNDBITE OF ARCHIVED RECORDING)
BIDEN: The way I see it, the biggest risk is not going too big. If we go, it's if we go too small.
KHALID: But by May, prices were creeping up. The White House insisted it was not a long-term problem. Biden's team kept using this one word to describe it.
(SOUNDBITE OF MONTAGE)
JANET YELLEN: I expect all of this to be transitory.
BRIAN DEESE: At the end of the day, a lot of that issues are transitory.
JEN PSAKI: Most economic analysts14 believe that it will have a temporary or transitory impact.
KHALID: The president said the price increases were the result of an economy roaring back to life after the pandemic.
(SOUNDBITE OF ARCHIVED RECORDING)
BIDEN: The vast majority of the experts, including Wall Street, are suggesting that it's highly unlikely that it's going to be long-term inflation that's going to get out of hand.
KHALID: But by the fall of 2021, inflation had hit a 30-year high. The White House stopped using that word transitory and spent more time explaining why inflation was happening and what the president could do about it.
(SOUNDBITE OF ARCHIVED RECORDING)
BIDEN: COVID-19 has stretched global supply chains like never before, and suddenly when you go to order a pair of sneakers or a bicycle or Christmas presents for the family, you're met with higher prices and long delays or they say they just don't have any at all.
KHALID: Inflation kept climbing, and then Russian President Vladimir Putin invaded Ukraine, and gas prices spiked15. The president and his team continued to blame a combination of culprits.
(SOUNDBITE OF MONTAGE)
BIDEN: The inflation has everything to do with the supply chain.
You want to bring down inflation? Let's make sure the wealthiest corporations pay their fair share.
Today's inflation report confirms what Americans already know. Putin's price hike is hitting America hard.
KHALID: Biden decided16 to release an unprecedented17 amount of oil out of emergency reserves. It was one of the few tools he had to combat gas prices. And he repeatedly told Americans he was trying to do more to fight inflation.
(SOUNDBITE OF ARCHIVED RECORDING)
BIDEN: My top priority is getting prices under control.
KHALID: But in June, inflation hit another record. And shortly after, Democrats passed a massive bill to curb18 climate change and lower health care costs. They called it the Inflation Reduction Act. And it's something they have been trying to campaign on.
(SOUNDBITE OF ARCHIVED RECORDING)
BIDEN: Democrats are lowering your everyday costs like prescription19 drugs, health care premiums20, energy bills and gas prices.
(CHEERING)
INSKEEP: OK, some people cheering there, Asma. But how are voters broadly taking the White House efforts to adapt here?
KHALID: You know, Steve, I've been talking to voters about inflation since prices started rising last year. I went to different states - Pennsylvania, Michigan and Florida. And in the beginning, there was a sense that the White House was perhaps slow to acknowledge people's pain. But the more that prices increased, I will say, the more we saw how politicized this issue became. The White House is confident that it's done everything it can and things are beginning to move in the right direction. I spoke21 with one of Biden's top economic advisers22, Jared Bernstein.
And I will say, Steve, you know, this White House message does seem to resonate with some people, at least some Democrats. Back in Georgia, I met Aylessa Morris and Pablo Zacarias. They say everything does feel super expensive, between groceries for their kids and lumber23 prices for his construction company. But they say the president is trying.
PABLO ZACARIAS: We feel like he did the best he could...
AYLESSA MORRIS: Yes. Like, every president has their thing.
ZACARIAS: ...With the situation.
MORRIS: Yes. So I feel like he's doing the most that he can to make things better.
INSKEEP: Well, what is Biden's closing argument on this?
KHALID: The president has pointed24 out that inflation is currently not getting worse and gas prices have come down. And his final message is essentially25 that the cost of living will go up if Republicans take over Congress.
(SOUNDBITE OF ARCHIVED RECORDING)
BIDEN: If they take control, they said their first aim is to get rid of the Inflation Reduction Act, and inflation is going to go up, not down.
KHALID: And so, you know, Steve, he is trying to cast this election as a choice rather than a referendum on his own performance. The challenge for Democrats, though, is that they are the party in power. And so whether or not Biden is actually responsible for rising prices, he and his party often bear the consequences of people's frustrations. Back in Georgia again, I met Dale Jordan. He describes himself as a fiscal26 conservative. He didn't like the Republican, couldn't get himself to vote for the Democrat either. So he voted third party. He blames Democratic policies for his high bills.
DALE JORDAN: You cannot keep printing money. Just like in business, you can't keep throwing money at something.
KHALID: Democrats keep talking about this Inflation Reduction Act.
JORDAN: Well, that's a joke. I've read parts of it. It's a joke. And anything it does will take, you know, 10 years for you to see anything.
KHALID: You know, from my interviews, it is clear that Republicans are angry about the economy. The White House is trying to counter that pessimistic view. And I will say, in these final days, we're actually hearing both parties try to use fears about the economy to drive voter turnout.
INSKEEP: NPR's Asma Khalid, pleasure to hear from you.
KHALID: Always a pleasure.
1 toll | |
n.过路(桥)费;损失,伤亡人数;v.敲(钟) | |
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2 democrat | |
n.民主主义者,民主人士;民主党党员 | |
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3 democrats | |
n.民主主义者,民主人士( democrat的名词复数 ) | |
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4 transcript | |
n.抄本,誊本,副本,肄业证书 | |
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5 labor | |
n.劳动,努力,工作,劳工;分娩;vi.劳动,努力,苦干;vt.详细分析;麻烦 | |
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6 versus | |
prep.以…为对手,对;与…相比之下 | |
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7 tacking | |
(帆船)抢风行驶,定位焊[铆]紧钉 | |
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8 byline | |
n.署名;v.署名 | |
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9 frustrated | |
adj.挫败的,失意的,泄气的v.使不成功( frustrate的过去式和过去分词 );挫败;使受挫折;令人沮丧 | |
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10 frustrations | |
挫折( frustration的名词复数 ); 失败; 挫败; 失意 | |
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11 velvet | |
n.丝绒,天鹅绒;adj.丝绒制的,柔软的 | |
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12 ballot | |
n.(不记名)投票,投票总数,投票权;vi.投票 | |
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13 economist | |
n.经济学家,经济专家,节俭的人 | |
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14 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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15 spiked | |
adj.有穗的;成锥形的;有尖顶的 | |
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16 decided | |
adj.决定了的,坚决的;明显的,明确的 | |
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17 unprecedented | |
adj.无前例的,新奇的 | |
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18 curb | |
n.场外证券市场,场外交易;vt.制止,抑制 | |
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19 prescription | |
n.处方,开药;指示,规定 | |
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20 premiums | |
n.费用( premium的名词复数 );保险费;额外费用;(商品定价、贷款利息等以外的)加价 | |
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21 spoke | |
n.(车轮的)辐条;轮辐;破坏某人的计划;阻挠某人的行动 v.讲,谈(speak的过去式);说;演说;从某种观点来说 | |
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22 advisers | |
顾问,劝告者( adviser的名词复数 ); (指导大学新生学科问题等的)指导教授 | |
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23 lumber | |
n.木材,木料;v.以破旧东西堆满;伐木;笨重移动 | |
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24 pointed | |
adj.尖的,直截了当的 | |
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25 essentially | |
adv.本质上,实质上,基本上 | |
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26 fiscal | |
adj.财政的,会计的,国库的,国库岁入的 | |
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