Silver State Times

A March survey found that six in 10 Americans think President Joe Biden is doing an inadequate job about inflation.

Biden's COVID-19 relief package, which was passed in March 2021 and is a major source of government spending that many economists believe has contributed to the country's inflation problem, was backed by Democratic Nevada senators.

Senate Democrats Jacky Rosen and Catherine Cortez Masto supported the $1.9 trillion COVID-19 referendum, a KOLO 8 news report said. 

The Senate Opportunity Fund (SOF) survey found that six out of 10 Americans believe President Biden is responsible for the nation's current inflation difficulties. The poll questioned 800 likely general election voters throughout the country from March 15-17.

When respondents were asked the question, "Thinking about the job that President Biden has done with regard to inflation, how would you describe the job he has done on this issue?" 60% stated they thought Biden was doing a poor job, 35% believed he had done a suitable job and 5% did not have an opinion.  

Inflation is currently at 7.9%, a 40-year high; a recent Trading Economics report said.  

Much of the inflation is being spearheaded by gasoline, a recent report by Gasoline Misery Index said. The report showed that Americans are now paying $704 more yearly for gas than they did last year.

Big government spending throughout the pandemic was the catalyst for the nation's inflation when compared to other developed nations, four researchers at the Federal Reserve Bank of San Francisco (FRBSF) reported.

"Fiscal support measures designed to counteract the severity of the pandemic's economic effect may have contributed to this divergence by raising inflation about 3 percentage points by the end of 2021," Òscar Jordà, Celeste Liu, Fernanda Nechio and Fabián Rivera-Reyes said in a recent FRBSF Economic Letter.