Biden Battles Inflation Woes and Voter Nostalgia for Trump Economy
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Inflation has fueled nostalgia for the Trump economy, when prices rose less and earnings went further. Voters trust Trump more than Biden on the economy.
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Inflation was 6.2% under Trump's first 3 years, vs 17.9% under Biden's. Costs like rent and groceries rose faster under Biden.
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Real earnings rose more under Biden, but purchasing power is down due to higher inflation.
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Biden blames corporations for inflation, but some think his policies set the stage. He must convince people inflation wasn't his fault.
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If inflation stays low, voters may give Biden more credit. But currently, Trump's economic record seems more favorable to voters concerned about the economy.