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The unemployment rate has risen on average under Republican presidents, while it has fallen on average under Democratic presidents. Budget deficits relative to the size of the economy were lower on average for Democratic presidents. [1] [2] Ten of the eleven U.S. recessions between 1953 and 2020 began under Republican presidents. [3]
The main Republican argument against Biden is that his multitrillion-dollar legislative agenda makes inflation worse by flooding the economy with government spending, and promising much more ...
In a highly charged -- and quite unprecedented -- presidential election, inflation remains one of the top issues for voters. Indeed, a recent YouGov survey found that nearly two-thirds (64%) of...
“Core” inflation, a measure that excludes volatile food and energy prices, held at 3.3% over the 12 months ending in October, the same level notched in the previous month.
That latest figure wasn’t as unsettling as the year-ahead one: Long-term inflation expectations edged higher this month to 3.3% from January’s 3.2%, remaining “elevated relative to the 2.2-2 ...
It’s a number Republicans love to cite. It’s the biggest increase during the first 34 months of a presidency since Jimmy Carter endured double-digit inflation from 1977 to 1979. It didn’t ...
Inflation -- at 3% in June and down from 3.3% in May, according to the latest Consumer Price Index (CPI) data, released July 11 -- remains a hot-button issue for both voters and presidential...
The most important national cause of inflation is when government reduces taxes on corporations, inheritances, and the wealthy. Opinion: Will inflation hurt Democrats or Republicans? Skip to main ...