Subject: Re: Inflation down to 3.2%, gas prices below $3
If we were to credit/blame Biden, I would point out that inflation is down...big time. Is it the lowest it's been this century? Nope. But it's lower than it was during COVID, which was a major disruptive event that is having far-reaching consequences (e.g. the workplace, and "work from home").

That's not going to help the politics of this - especially since the Administration really blew their initial handling of high inflation. They went all in on "Team Transitory," and got burned by it. The fact that inflation is still really high compared to the last decade or more before Covid makes it utterly useless to claim that "Bidenomics" is delivering something that voters should like about inflation - especially with interest rates so high.

Gas prices are high, not low. Rents are high, not low. Inflation is high, not low. And interest rates are at multi-decadal highs. Things are better than 2022 but much worse than the end of 2019 is not a great selling point. "Bidenomics" is not a great strategy right now.