Inflation is making voters unhappy with the economy – Democrats hope their infrastructure and social bills change that

“Youngkin focused on providing relief to runaway inflation caused by the Biden economy and on not locking down the economy again,” he added. “Our early focus on runaway inflation and the growing supply chain crisis is hitting home with voters. We need to keep hammering away and work on bringing solutions to the table to address their concerns.”

Democrats argue that both the $1 trillion infrastructure and the $1.75 trillion Build Back Better bills will help ease those supply chain issues. The House passed the bipartisan infrastructure bill last week, sending it to Biden’s desk, after party progressives and centrists made a nonbinding pact to approve the social-spending plan later in November.

“If you are worried about inflation, it’s important to understand why it’s happening: supply chain, labor, and healthcare complications,” Rep. Alexandria Ocasio-Cortez, a member of the Congressional Progressive Caucus, wrote in a Twitter post on Thursday.

“My family is one of essential workers: school bus drivers, postal workers, cleaners, etc,” she added. “When childcare wasn’t available, my family couldn’t work – they stayed home. When childcare isn’t universally available, it impacts the labor market. It can become a supply chain issue!”

Raymond James analyst Mills says that, at the end of the day, Democrats are making a wager.

The big bet is that the promise of more efficient ports and highway systems, along with greater access to child care, will help bring workers back into the labor force, ease inflation, and win over a population that does not feel helped.

The good news for Democrat is they have some time. Inflation could relax, supply chains could come back to full capacity and the positive effects of their legislation could begin to make an impact on voters before the 2022 midterms.

“They are hoping to point to SALT tax relief, extension of the Child Tax credit, extended childcare support, down-payment assistance for housing, as ways the reconciliation provides tangible benefits and a net tax cut for most households,” Mills wrote. “Whether or not this moves the needle with voters is the bigger debate.”

Article source: https://www.cnbc.com/2021/11/09/inflation-concerns-democrats-hope-biden-spending-bills-win-over-voters.html