With inflation at a 40-year high and the COVID-19 pandemic lingering, President Joe Biden will face a tough balancing act in his first State of the Union address.
With inflation at a 40-year high and the COVID-19 pandemic lingering, President Joe Biden faces a tough balancing act in his first State of the Union address: How much does he tout progress, and how much does he express that he feels the American people’s pain?
“The State of the Union is a unique opportunity to reflect on the enormous progress that has been made in just over a year,” said Hanlon, a senior fellow at CAP who also served in the National Economic Council in the Obama White House, in comments to MarketWatch. Biden can tout record job creation, the unemployment rate’s drop from 6.4% when he was inaugurated to 4% now, and about three-quarters of the population being vaccinated against COVID, said Hanlon.
“He has to acknowledge that people are in pain and they’re fearful,” said Perry. “They have fears over COVID, obviously and inflation, and not so much unemployment, but underemployment, and rising crime.” Biden’s speech comes as his approval rating is hovering just above 40%, and Republicans are savoring the prospect of retaking the House of Representatives in the midterm elections, and perhaps even the Senate. Inflation will continue to be a key line of attack against Biden and fellow Democrats in the midterms, the GOP has made clear.
Reminded recently by Lester Holt that he’d promised inflation would be transitory, Biden reproached the NBC News anchorman and then cited Nobel laureates and corporate leaders as having told him inflation “ought to be able to start to taper off as we go through this year.”Facing a tough midterm environment, Democrats are clearly hoping that Biden’s State of the Union address will help convince voters to send members of his party back to Washington after November.
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